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4,200 sqft

$535,000

1007 Clarence Avenue, Edinburg TX, 78541

Price per sqft$127.38
Built in2024
Property size4,200 sqft
Property typeMulti-family

Overview

Active

Listed Jun 3, 2026

Updated 11 days ago

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.

$3,559/mo

Est. mortgage payment based on a $535,000 home price.

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

Additional information

MLS® ID
506224

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.22 Acres

Other Property Details

Taxes
$9,462
Tax Frequency
Annually
Association Fee Frequency
Yearly
Maintenance Expense
$400
MLS provider logo

Listed by Victor Fuentes with BIG Realty
Listing Contact: 956-465-0011 

The IDX display contains information sourced from the Greater McAllen Association of REALTORS® as of 9/30/2026. 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 9/30/2026 at 2:31 AM UTC

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