For sale

$510,000

1505 Shavano Drive, Edinburg, TX 78541

10beds

--sqft

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Multi Family

Built in 2024

-- sqft lot

$504,200 Zestimate^®

$--/sqft

$63/mo HOA

What's special

FULLY LEASED Investment property located in the new subdivision Sugar Mill Estates in Edinburg, Tx. Located minutes from main retail, restaurants Hidalgo County Courthouse and The University of Texas Rio Grande Valley. It is also conveniently located 25 minutes from McAllen International Airport. These units offer a promising return on investment. They are a mixture of 2 units being 3 bedrooms with 2 bathrooms and the other 2 units 2 bedrooms with 2 bathrooms. Don't miss out on the chance to secure reliable income stream. All appliances are included, priced to sell and will not last!

221 days

41

2

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 8
Full bathrooms: 8

Heating

Central, Electric

Cooling

Unit Central

Appliances

Included: Oven, Refrigerator, Washer, Dryer, Oven/Stove
Laundry: Washer Hookup, Dryer Connection, Washer Connection

Features

Flooring: Other
Has basement: No

Property

Parking

Total spaces: 8
Parking features: Carport
Has carport: Yes

Features

Levels: One
Stories: 1
Patio & porch: Patio

Details

Parcel number: S681500000000200

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Stucco
Foundation: Slab
Roof: Other

Condition

Year built: 2024

Details

Builder name: Palais Construction LLC

Utilities & green energy

Electric: Separate Electric Meter(s)
Water: Separate Water Meter(s)

Community & HOA

Community

Subdivision: Out/Hidalgo

HOA

Has HOA: Yes
HOA fee: $750 annually
HOA name: SUGAR MILLS ESTATES HOA

Location

Region: Edinburg

Financial & listing details

Annual tax amount: $2,497
Price range: $510K - $510K
Date on market: 12/8/2025
Cumulative days on market: 222 days
Listing terms: Conventional,FHA,VA Loan,Cash
Total actual rent: 4440

Estimated market value

$504,200

$479,000 - $529,000

$987/mo

Price history

Date	Event	Price
2/10/2026	Price change	$490,000-3.9%
Source: Greater McAllen AOR #494506 Report a problem
2/18/2025	Listed for sale	$510,000-6.4%
Source: Greater McAllen AOR #461530 Report a problem
8/13/2024	Listing removed	$545,000
Source: Greater McAllen AOR #432120 Report a problem
3/23/2024	Listed for sale	$545,000
Source: Greater McAllen AOR #432120 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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