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12,600 sqft

$1,250,000

624 W Santa Rosa Avenue, Edcouch TX, 78538

Price per sqft$99.21
Built in1985
Property size12,600 sqft
Property typeMulti-family

Overview

Active

Listed Jul 22, 2026

Updated Jul 23

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.

$8,316/mo

Est. mortgage payment based on a $1,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
510163

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.86 Acres

Other Property Details

Taxes
$23,000
Tax Frequency
Annually
Maintenance Expense
$1,200
MLS provider logo

Listed by Avinaash Nash Buxani with WINNERS CIRCLE
Listing Contact: 956-250-7453 

The IDX display contains information sourced from the Greater McAllen Association of REALTORS® as of 7/23/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 the Greater McAllen Association of REALTORS® all rights reserved.

Data last updated on 7/23/2026 at 3:54 AM UTC

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