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Property profile & analytics
OFF-MARKET
Apartment buildings

401 Newport Ave Edinburg, TX 78539

Built 2017
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 2017
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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