Fully Occupied Edinburg
406 Peabody Avenue Edinburg, TX 78539
406 Peabody Avenue, Edinburg, TX, 78539
$479,900
For Sale
$479,900
MULTI_FAMILY - Edinburg, TX
Property Size3,960 SF
Lot Size0.23 Acres
Price / SF$121.19
Days on Market118
Property Features for 406 Peabody Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Mature Trees
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Water Heater (Other Location)
- Standard status
- Active
- APN
- M566501000008200
- Size
- 3,960 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 11746
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stone
- Roof type
- Composition
Listing Agency
Glass Realty
(956) 331-9329
6316 N 10th Building B, McAllen, TX
Listed by
Antonio Gabriel Villeda
(956) 331-9329
Added: Mar 24 Checked: Jul 19 at 8:06 am
MLS# 476724
Listing URL
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This is a fully occupied fourplex located in the Mon Mack Landing subdivision. The property is situated in a location that provides access to North McAllen and Edinburg, including destinations such as Best Buy, Domain Plaza, and HEB. The fourplex contains two 3-bed, 2-bath units and two 2-bed, 2-bath units, totaling 3960 square feet of living space. Each unit offers 990 square feet of living space and features amenities. The units are in good condition. The property generates $4200 per month in rental income, with potential for increased revenue. The lot size is 0.2314 acres.
Key Highlights
- Fully occupied 4‑plex generating $4200/month in rental income
- Located in a desirable North McAllen/Edinburg location near Best Buy, Domain Plaza, and HEB
- Built in 2018, indicating modern construction
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.6k | $13.80 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $53.1k | $13.42 |
| − OpEx | −$15.9k | −$4.03 |
| NOI | $37.2k | $9.39 |
3,960 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$531.5K
$465.0K – $620.0K
NOI $37,202 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$474.9K
$415.6K – $554.1K
NOI $33,245 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.03M
$899.1K – $1.20M
NOI $71,926 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex in great location with top-end amenities and rental income.
Where is this quadplex located?
The property is located at 406 Peabody Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Fully occupied 4‑plex generating $4200/month in rental income; Located in a desirable North McAllen/Edinburg location near Best Buy, Domain Plaza, and HEB; Built in 2018, indicating modern construction
