Positioned on a highly visible main road, this 18-unit multifamily asset offers investors the rare combination of newer construction, strong occupancy, and immediate income potential. Currently operating at over 85% occupancy, the property consists of 10 three-bedroom, 5 two-bedroom and 3 one-bedroom units with a projected average rent of $750 per unit, producing an estimated $162,000 in annual gross rental income at stabilization. This asset offers the advantage of lower capital expenditure requirements and minimal deferred maintenance. At an asking price of $1,250,000, the property delivers a 12.96% gross rental yield. Assuming typical operating expenses of approximately 35%, the estimated Net Operating Income (NOI) is approximately $105,300, translating to an estimated cap rate of 8.42%. This is the type of return sophisticated investors actively pursue—stable income, efficient operations, and long-term appreciation potential in a growing market.
For sale
$1,250,000
624 Santa Rosa Ave, Edcouch, TX 78538
6beds
3baths
12,600sqft
Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$99/sqft
$-- HOA
What's special
- 66 days
- 61
- 7
Zillow last checked:
Listing updated:
Listed by:
Avinaash Nash Buxani 956-949-9337,
Winners Circle
Source: Greater McAllen AOR,MLS#: 510163
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Electric
Appliances
- Included: Water Heater (In Attic), Refrigerator, Stove/Range-Electric Smooth
- Laundry: None
Features
- Ceiling Fan(s)
- Flooring: Tile
Interior area
- Total structure area: 12,600
- Total interior livable area: 12,600 sqft
Property
Parking
- Parking features: No Carport, No Garage
Features
- Exterior features: None
- Fencing: None
Lot
- Size: 0.86 Acres
- Features: Corner Lot, Mature Trees
Details
- Additional structures: Outbuilding (None)
- Parcel number: 163706
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Thermostat
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: Edcouch Original Townsite
HOA
- Has HOA: No
Location
- Region: Edcouch
Financial & listing details
- Price per square foot: $99/sqft
- Tax assessed value: $815,633
- Annual tax amount: $23,000
- Date on market: 7/22/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Listed for sale | $1,250,000+78.6%$99/sqft |
Source: Greater McAllen AOR #510163 Report a problem | ||
| 5/1/2024 | Sold | -- |
Source: Greater McAllen AOR #425819 Report a problem | ||
| 3/19/2024 | Pending sale | $700,000$56/sqft |
Source: Greater McAllen AOR #425819 Report a problem | ||
| 1/23/2024 | Price change | $700,000-20%$56/sqft |
Source: Greater McAllen AOR #425819 Report a problem | ||
| 8/3/2023 | Listing removed | -- |
Source: Greater McAllen AOR #401341 Report a problem | ||
| 4/5/2023 | Listed for rent | $580 |
Source: Greater McAllen AOR #401341 Report a problem | ||
| 1/23/2023 | Price change | $875,000-7.9%$69/sqft |
Source: Greater McAllen AOR #397150 Report a problem | ||
| 10/20/2022 | Price change | $950,000-5%$75/sqft |
Source: Greater McAllen AOR #385133 Report a problem | ||
| 7/4/2022 | Listed for sale | $1,000,000+81.8%$79/sqft |
Source: Greater McAllen AOR #385133 Report a problem | ||
| 4/23/2021 | Sold | -- |
Source: Greater McAllen AOR #337472 Report a problem | ||
| 12/9/2020 | Pending sale | $550,000$44/sqft |
Source: Greater McAllen AOR #337472 Report a problem | ||
| 10/28/2020 | Price change | $550,000-8.3%$44/sqft |
Source: Star Realty Group, LLC #337472 Report a problem | ||
| 7/9/2020 | Listed for sale | $600,000$48/sqft |
Source: Star Realty Group, LLC #337472 Report a problem | ||
| 12/27/2019 | Listing removed | $600,000$48/sqft |
Source: Star Realty Group, LLC #319080 Report a problem | ||
| 9/30/2019 | Price change | $600,000-13.7%$48/sqft |
Source: Star Realty Group, LLC #319080 Report a problem | ||
| 7/24/2019 | Listed for sale | $695,000-7.3%$55/sqft |
Source: Star Realty Group, LLC #319080 Report a problem | ||
| 12/3/2016 | Listing removed | $750,000$60/sqft |
Source: Jose Narvaez #3893916 Report a problem | ||
| 9/24/2016 | Listed for sale | $750,000$60/sqft |
Source: Jose Narvaez #3893916 Report a problem | ||
| 2/5/2015 | Listing removed | $750,000$60/sqft |
Source: STAR REALTY Report a problem | ||
| 10/11/2014 | Listed for sale | $750,000$60/sqft |
Source: STAR REALTY Report a problem | ||
| 2/27/1997 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $23,745 +6.2% | $815,633 +6% |
| 2024 | $22,362 +2.1% | $769,465 +2% |
| 2023 | $21,910 +50.1% | $754,377 +55.1% |
| 2022 | $14,601 -11.8% | $486,486 -11.3% |
| 2021 | $16,555 | $548,189 0% |
| 2020 | -- | $548,346 -0.9% |
| 2019 | $17,504 +10% | $553,582 +1.9% |
| 2018 | $15,919 | $543,056 +6.5% |
| 2017 | $15,919 -6.8% | $510,096 -6.2% |
| 2016 | $17,088 -1.2% | $543,540 -0.3% |
| 2015 | $17,291 | $545,123 -0.9% |
| 2014 | $17,291 | $550,219 +17.5% |
| 2013 | -- | $468,445 -2.1% |
| 2012 | -- | $478,636 +182.4% |
| 2011 | -- | $169,516 +420.2% |
| 2010 | -- | $32,588 |
| 2009 | -- | $32,588 +163.3% |
| 2008 | -- | $12,375 |
| 2007 | -- | $12,375 |
| 2006 | -- | $12,375 |
| 2005 | -- | $12,375 |
| 2004 | -- | $12,375 +20% |
| 2003 | -- | $10,313 |
| 2002 | -- | $10,313 |
| 2001 | -- | $10,313 |
| 2000 | -- | $10,313 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78538
Nearby schools
Schools provided by the listing agent
- Elementary: Adame
- Middle: Adams
- High: Agua Dulce H.S.
- District: Edcouch-Elsa 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.
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