$455,000
$30K PRICE DROP

402 Newport Ave Edinburg, TX 78539

Estimated payment $3,239/month

Total Views 7,118
-- Bed
-- Bath
3,456 Sq Ft
$132 Price per Sq Ft

Highlights

  • Gated Community
  • Mature Trees
  • Walk-In Closet
  • Trevino Elementary School Rated A-
  • Double Pane Windows
  • Slab Porch or Patio

About This Home

Income producing Fourplex in a great location! Discover the perfect blend of elegance and practicality with this fully leased fourplex in Edinburg. Each unit has a modern design with tile floors and quartz countertops. It features 2 - 2 bed/2 bath and 2 very nice sized 1 bed/1 bath with frameless glass shower doors that create a sleek, contemporary feel. With all essential appliances, including in-unit washers and dryers, this property is designed to attract and retain tenants with ease. Located near top-rated schools, UTRGV and the hospitals, it offers an unbeatable opportunity for effortless income generation. This property is a shining example of smart, stylish investment. Don’t miss out!

Listing Agent

Sabita Mahtani

Key Realty Listed on: 12/07/2024

Key Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,611

Year Built

  • Built in 2019

Lot Details

  • 10,705 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Sprinkler System
  • Mature Trees

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Shingle Roof
  • Stucco
  • Stone

Interior Spaces

  • Walk-In Closet
  • 3,456 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 8 Carport Spaces
  • No Garage

Outdoor Features

  • Slab Porch or Patio

Schools

  • Trevino Elementary School
  • South Middle School
  • Vela High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number M566501000011500

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Pmi Rgv HOA
  • Mon Mack Landing Subdivision

Building Details

  • Insurance Expense $1,470
  • Gross Income $43,560

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,611

Year Built

Built in 2019

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Directions: Traveling north on McColl turn left on Sprague. Then turn right on Mon Mack rd. and the subdivision will be to your left.
  • Year Built: 2019
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2457
  • Road Surface Type: Paved
  • Subdivision Name: Mon Mack Landing
  • Carport Y N: Yes
  • Garage Yn: No
  • Building Stories: 1
  • GMAR_Escrow: 5000
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
  • Flooring: Tile
  • Living Area: 3456
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: Mature Trees, Sprinkler System
  • Interior Amenities: Ceiling Fan(s), Dryer, Microwave, Walk-In Closet(s), Washer
  • Fencing: Privacy, Wood
  • Lot Features: Curb & Gutters, Mature Trees, Sidewalks, Sprinkler System
  • Home Warranty: No
  • Construction Type: Stone, Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio, Patio Slab
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: No Garage
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Laundry Closet
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gated, Sidewalks, Street Lights
  • Amenities: Property Owners' Assoc.
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Name: PMI RGV HOA
  • Association: Yes

Schools

  • Elementary School: Trevino
  • High School: Vela H.S.
  • Junior High Dist: Edinburg ISD
  • Middle Or Junior School: South Middle School

Lot Info

  • Lot Size Sq Ft: 10704.87
  • Parcel #: M566501000011500

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8611

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 43560
  • Insurance Expense: 1470

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,791 $366,097 $80,288 $285,809
2023 $8,612 $358,919 $73,865 $285,054
2022 $9,418 $361,691 $73,865 $287,826
2021 $8,822 $325,816 $73,865 $251,951
2020 $8,805 $323,619 $73,865 $249,754
2019 $2,274 $81,893 $81,893 $0
2018 $2,274 $69,047 $69,047 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Price Changed $455,000 -2.2% $132 / Sq Ft
02/13/2025 02/13/25 Price Changed $465,000 -2.1% $135 / Sq Ft
12/27/2024 12/27/24 Price Changed $475,000 -2.1% $137 / Sq Ft
12/07/2024 12/07/24 For Sale $485,000 -- $140 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Mortgage History

Date Status Loan Amount Loan Type
Closed $262,500 New Conventional
Source: Public Records

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Source: Greater McAllen Association of REALTORS®

MLS Number: 456164

Greater McAllen Association of REALTORS®

APN: M5665-01-000-0115-00

Texas Hidalgo County Edinburg 78539

402 Newport Ave, Edinburg, TX

This home is located at 402 Newport Ave, Edinburg, TX 78539 and is currently priced at $455,000, approximately $131 per square foot. This property was built in 2019. 402 Newport Ave is a home located in Hidalgo County with nearby schools including Trevino Elementary School, Elias Longoria Senior Middle School, and Robert Vela High School.

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Greater McAllen Association of REALTORS® The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed.

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Nearby Homes
Sabita Mahtani
Listing Agent
Sabita Mahtani
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Key Realty
(956) 758-8650