$499,900
$15K PRICE DROP

406 Peabody Ave Edinburg, TX 78539

Estimated payment $3,684/month

Total Views 829
-- Bed
-- Bath
3,960 Sq Ft
$126 Price per Sq Ft

Highlights

  • Mature Trees
  • Built-In Features
  • Central Heating and Cooling System
  • Trevino Elementary School Rated A-
  • Laundry closet
  • Ceiling Fan

About This Home

This is a great opportunity to purchase a fully occupied 4 plex in Mon Mack Landing, a great 4 plex subdivision, that offers a very good location towards North McAllen and Edinburg locations such as Best Buy, Domain Plaza, HEB, and more! There are (2) 3 bed 2 bath units and 2 bed 2 bath units that comprise this four plex, for a total of 3960 living sf. Each unit is 990 living SF, and features top end amenities and are in great condition! Currently bringing in $4200 a month in rental income with room for increase.

Listing Agent

Antonio Villeda

Glass Realty Listed on: 07/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,746

Year Built

  • Built in 2018

Lot Details

  • 10,080 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Mature Trees

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Shingle Roof
  • Stone

Interior Spaces

  • 3,960 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Fire and Smoke Detector

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • Garage
  • 8 Carport Spaces
  • Rear-Facing Garage

Eco-Friendly Details

  • Energy-Efficient Thermostat

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 M566501000008200

Community Details

Overview

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

Building Details

  • Gross Income $4,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,746

Year Built

Built in 2018

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Directions: From 10th St and W SPRAGUE ST head EAST on W SPRAGUE ST; head NORTH on MON MACK RD; turn WEST on GARFIELD; head NORTH on PEABODY AVENUE; Multiplex is on the EAST side.
  • Year Built: 2018
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2314
  • Road Surface Type: Paved
  • Subdivision Name: Mon Mack Landing
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • GMAR_Escrow: 5000
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Water Heater (Other Location), Other
  • Flooring: Other
  • Living Area: 3960

Exterior Features

  • Exterior Features: Mature Trees
  • Interior Amenities: Built-in Features, Ceiling Fan(s)
  • Fencing: Privacy, Wood
  • Lot Features: Curb & Gutters
  • Home Warranty: No
  • Construction Type: Stone
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: Attached, Garage Faces Rear
  • Total Parking Spaces: 8

Utilities

  • Utilities: Internet Access
  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • Security: Smoke Detector(s)
  • 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: Sidewalks, Street Lights
  • 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: 10079.784
  • Parcel #: M566501000008200

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11746

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 4
  • Annual Gross Income: 4200

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
2025 $11,746 $550,878 $100,800 $450,078
2024 $11,746 $489,175 $75,600 $413,575
2023 $11,600 $483,456 $69,552 $413,904
2022 $10,134 $389,181 $69,552 $319,629
2021 $9,390 $346,774 $69,552 $277,222
2020 $9,515 $349,720 $69,552 $280,168
2019 $9,042 $325,580 $77,112 $248,468
2018 $1,810 $65,016 $65,016 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2025 09/10/25 Price Changed $499,900 -2.9% $126 / Sq Ft
07/26/2025 07/26/25 For Sale $515,000 -- $130 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $235,700 New Conventional
Closed $254,100 New Conventional
Source: Public Records

Source: Greater McAllen Association of REALTORS®

MLS Number: 476724

Greater McAllen Association of REALTORS®

APN: M5665-01-000-0082-00

Texas Hidalgo County Edinburg 78539

406 Peabody Ave, Edinburg, TX

This home is located at 406 Peabody Ave, Edinburg, TX 78539 and is currently priced at $499,900, approximately $126 per square foot. This property was built in 2018. 406 Peabody 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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
Antonio Villeda
Listing Agent
Antonio Villeda
Section Image
Glass Realty
(956) 405-6510