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    206 N Montevideo Ave Edinburg, TX 78541

    For Sale
    $1,150,000

    Apartment - Edinburg, TX

    Type:Apartment
    Property size:
    13,884 SF
    Lot size:
    0.87 Acres
    Days on Market:
    105
    Last Refresh:
    Dec 8 at 4:06 am

    Property Features for 206 N Montevideo Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    APN
    W360003000002200
    Parking
    24
    Parking features
    Garage
    Size
    13,884 SF
    Lot size
    0.87 Acres

    Utilities

    Heating system
    Central, Electric (Heating)

    Building Details

    Year built
    1981
    Number of units
    12
    Architectural style
    Other

    RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV (956) 566-8377 [email protected]

    Listing agent Maggie Harris (956) 928-1155

    Listing date Aug 26, 2025

    MLS# 479169 Listing URL

    Copyright © 2025 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased 12-Unit Edinburg Apartment Complex

    This fully leased, income-producing 12-unit apartment complex is located in Edinburg, Texas, near UTRGV, Walmart, Whataburger, Brew 7 Coffee, and various restaurants and shopping venues. Each of the 12 units features 2 bedrooms and 1.5 baths. The units include appliances: stove, refrigerator, washer, and dryer. Tenant convenience is enhanced by 2 covered parking spaces per unit. Recent updates to the property include a roof replacement approximately 3 years ago, repaved parking lot, and new carports. The property is situated on a 0.873-acre lot and the building has a size of 13884 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.180927
    Latitude
    26.305301

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    FAQs

    What type of property is this?
    Apartment building - Fully leased apartment complex near UTRGV with recent updates.
    Where is this apartment building located?
    The property is located at 206 N Montevideo Ave Edinburg, TX.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Fully leased 12-unit complex providing immediate cash flow.; - Prime location near UTRGV, shopping, and restaurants.; - Each unit features 2 bedrooms and 1.5 baths.
    (956) 928-1155
    Request Owner's contact information
    206 N Montevideo Ave Edinburg, TX 78541
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    Edinburg, TX 78541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 N Montevideo Ave Edinburg, TX 78541
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