515 Downing Avenue Edinburg, TX $ 519,000
515 Downing Avenue
$ 519,000
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515 Downing Avenue

Edinburg, TX, 78539
$ 519,000
Bedrooms-- Baths0.0 Sq 4,080

Monthly Estimate*

$ 3,585

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Multi-Family Home for sale in Edinburg, TX

for $519,000. This 4,080 square foot home was built in 2018 on a lot size of 0.2314.

GENERATING APPROXIMATELY $54,000 A YEAR IN GROSS REVENUE WITH ROOM TO INCREASE! This well-maintained Fourplex features two spacious 3-bed, 2-bath units in the front and two 2-bed, 2-bath units in the rear. Each individually metered unit also features a fully paved, low-maintenance backyard with no grass to maintain. Each unit includes a well-equipped kitchen with oven/stove, refrigerator, microwave, and washer & dryer. Prime location in the gated community of Monmack Landing right in the heart of Edinburg! This Fourplex offers convenience near major shopping centers, restaurants, and UTRGV. A great opportunity for an investor looking to add a multifamily property to their portfolio or for an owner-occupant looking to live in one unit while utilizing the other units for rental income. Schedule your showing today!

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Multi-Family Active

Price

$ 519,000

Property Type

Multi-Family

Taxes

$ 9,837

Style

Quadruplex

Lot Size

0.2314

Year Built

2018

Town/City

Edinburg

County/Region

Hidalgo

MLS | Web ID

515896

Features
General
Sewer City Sewer
Possession Closing and Funding
HOA Fee 500
Property Subtype Quadruplex
Tax Year 2023
Community Features Gated Sidewalks Street Lights
County Hidalgo
Property Type Residential Income
HOA true
Subdivision Name Mon Mack Landing
Status Active
Directions Heading North on McColl turn Left on Sprague Right on Mon Mack then make a Left on Garfield Right on Downing. Units will be on the left hand side.
High School Edinburg North H.S.
City Edinburg
High School District Edinburg ISD
Lot Size Units Square Feet
Lot Size Square Feet 10079.784
Elementary School Trevino
Tax Annual Amount 9837
Home Warranty Y/N false
Middle/Junior High School B.L. Garza
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Edinburg ISD
Elementary School District Edinburg ISD
Legal Description MON MACK LANDING PH 1 LOT 52
Freehold BBO VOW IDX
Living Area 4080
Cooling Central Air Electric
Roof Composition Shingle
Appliances Electric Water Heater Dryer Microwave Refrigerator Stove/Range-Electric Smooth Washer
Garage Spaces 0
Construction Materials Stone Stucco
Year Built 2018
Stories Count 1
New Construction false
Garage Y/N false
Carport Spaces 8
Carport Y/N true
Year Built Source HCAD
Heating Central Electric
Assoc Fee Paid Per Annually
Association Name PMI-RGV
Insurance Expense 3200
Security Features Smoke Detector(s)
Other Structures Outbuilding (None)
Association Amenities Property Owners' Assoc.
Gross Income 54000
MaintenanceExpense 0
Number Of Units Total 4
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Tile
Air Conditioning Y/N true
Window Features Energy Features (Double Pane Windows)
Heating Y/N true
Laundry Features Laundry Closet Washer/Dryer Connection
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Exterior
Lot Size Area 10079.784
Lot Size Acres 0.2314
Road Surface Type Paved
Irrigation Water Rights Y/N false
Lot Features Mature Trees Sidewalks Sprinkler System
Fencing Wood
Exterior Amenities Mature Trees Sprinkler System
Parking Features Detached
Total Parking 8
Foundation Details Slab
Building Area Total 4080
Covered Spaces 8
Pool YN false
Number of Separate Water Meters 5
Number of Buildings 2
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* Excluded Features
List By
Tnt Real Estate

Broker

Affordability Calculator

$4,404
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,585
Monthly Property Taxes
$820
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3057812 Elementary School
1299107 Middle School
Edinburg North H.S. High School High School
Pricing History
DatePricePrice ChangeDescription
9/21/2026$519,000 Listed Price

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515 Downing Avenue, Edinburg, TX, 78539 is a Multi-Family Home for sale at $519,000 with 4,080 sqft and a lot size of 0.2314. 515 Downing Avenue has 0.0 baths and was built in 2018. The property's zip code is 78539 which is in Edinburg, TX