This investor's dream in Border Trace, Edinburg delivers a projected 7.6% cap rate, owner financing available, and comes fully leased with a 90% historical occupancy rate. Just 8 minutes from UTRGV, this income-producing property sits in one of the Rio Grande Valley's most reliable rental corridors with steady demand from students, faculty, and medical professionals. The property offers a 3-bedroom/2-bath unit and a 2-bedroom/2-bath unit, making it attractive to a diverse renter pool and reducing vacancy risk across tenant turnover cycles. Its location near Expressway 83, UTRGV, Edinburg CCISD schools, medical facilities along US-281, keeps it competitive in the rental market year-round. The privacy-fenced backyard with mature oak trees and dedicated storage adds outdoor appeal that supports long-term tenant retention. With owner financing on the table, a proven occupancy track record, and dual-unit flexibility, this property is built to generate consistent cash flow from day one.
For sale
$535,000
1007 N Clarence Ave, Edinburg, TX 78541
10beds
8baths
4,200sqft
:
Get pre-qualified$4,016/mo
Quadruplex, Multi Family
Built in 2024
-- sqft lot
$523,400 Zestimate®
$127/sqft
$42/mo HOA
What's special
Mature oak treesDedicated storagePrivacy-fenced backyard
- 71 days |
- 78 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Victor Fuentes 956-432-1351,
Big Realty
Source: Greater McAllen AOR,MLS#: 506224
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
- Laundry: Laundry Closet, Washer/Dryer Connection
Features
- Ceiling Fan(s), Walk-In Closet(s)
- Flooring: Tile
- Windows: Double Pane Windows
Interior area
- Total structure area: 4,200
- Total interior livable area: 4,200 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage Faces Rear
- Carport spaces: 8
Features
- Patio & porch: Deck/Balcony/Porch, Patio Slab
- Exterior features: Sprinkler System
- Fencing: Wood
Lot
- Size: 9,600 Square Feet
- Features: Alley, Sidewalks, Sprinkler System
Details
- Additional structures: Outbuilding (None)
- Parcel number: A635000000005000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Stone, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Green energy
- Energy efficient items: Thermostat
Community & HOA
Community
- Features: Gated, Sidewalks, Street Lights
- Subdivision: Atwood Village
HOA
- Has HOA: Yes
- HOA fee: $500 annually
- HOA name: Atwood Village HOA
Location
- Region: Edinburg
Financial & listing details
- Price per square foot: $127/sqft
- Annual tax amount: $9,462
- Date on market: 6/3/2026
- Road surface type: Paved
Estimated market value
$523,400
$497,000 - $550,000
$1,144/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Listed for sale | $535,000$127/sqft |
Source: Greater McAllen AOR #506224 Report a problem | ||
| 5/19/2026 | Listing removed | $535,000$127/sqft |
Source: Greater McAllen AOR #486262 Report a problem | ||
| 2/16/2026 | Price change | $535,000-0.9%$127/sqft |
Source: Greater McAllen AOR #486262 Report a problem | ||
| 11/6/2025 | Listed for sale | $540,000+1.3%$129/sqft |
Source: Greater McAllen AOR #486262 Report a problem | ||
| 11/5/2025 | Listing removed | $533,000$127/sqft |
Source: Greater McAllen AOR #469205 Report a problem | ||
| 8/13/2025 | Price change | $533,000-0.4%$127/sqft |
Source: Greater McAllen AOR #469205 Report a problem | ||
| 7/23/2025 | Listing removed | $1,100 |
Source: Greater McAllen AOR #466108 Report a problem | ||
| 5/18/2025 | Price change | $535,000-0.6%$127/sqft |
Source: Greater McAllen AOR #469205 Report a problem | ||
| 4/18/2025 | Price change | $1,100-8.3% |
Source: Greater McAllen AOR #466108 Report a problem | ||
| 4/18/2025 | Listed for sale | $538,000$128/sqft |
Source: Greater McAllen AOR #469205 Report a problem | ||
| 3/31/2025 | Listed for rent | $1,200 |
Source: Greater McAllen AOR #466108 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78541
Nearby schools
GreatSchools rating
- 8/10R C Flores-Mark A Zapata Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 6/10Elias Longoria Sr Middle SchoolGrades: 6-8Distance: 3 mi
- 6/10Robert R Vela High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Flores
- Middle: Longoria
- High: Edinburg North H.S.
- District: Edinburg ISD
Source: Greater McAllen AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $1,0002 bd2 ba975 sqft918 N Clarence Ave #2, Edinburg, TX 78541For Rent
- $560,00010 bd8 ba4.2k sqft1001 Clarence St, Edinburg, TX 78539For Sale
- $--2 bd2 ba908 sqft1006 N Abbey Ave APT 2, Edinburg, TX 78541Off Market
- $--3 bd2 ba1k sqft1006 N Abbey Ave #1, Edinburg, TX 78541Off Market
- $1,0992 bd2 ba990 sqft1012 N Clarence Ave #3, Edinburg, TX 78541For Rent
- $--2 bd2 ba990 sqft1012 N Clarence Ave #2, Edinburg, TX 78541Off Market
- $1,2002 bd2 ba925 sqft1019 N Clarence Ave #1, Edinburg, TX 78541For Rent
- $--3 bd2 ba1k sqft1019 N Clarence Ave #2, Edinburg, TX 78541Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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