401 Newport Ave Edinburg, TX 78539
This exceptional multifamily investment property, located at 401 Newport Avenue in Edinburg, Texas, presents a rare opportunity. Built in 2017, this property consists of two buildings encompassing four units, offering a total of 10,566.785 square feet of land. The property features a mix of upgraded three-bedroom, two-bathroom and two-bedroom, two-bathroom units, all currently fully rented, ensuring immediate cash flow. Each unit boasts desirable features including all-tile flooring, spacious open-plan dining and kitchen areas with granite countertops, stainless steel appliances, wood cabinets, and center islands. All appliances, including washers and dryers, are included. Residents enjoy the convenience of fenced-in yards, generously sized bedrooms with built-in walk-in closets, large windows, and vaulted ceilings. The units are noted for being the largest in the subdivision, offering significant value. This property represents a compelling investment opportunity due to its strong rental income, desirable features, and prime location in Edinburg, Texas, zip code 78539. The asking price is $535,000. This is a turnkey investment ready for a new owner. Don't miss this chance to acquire a high-performing multifamily property in a thriving Texas market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.