$3,741 Closing Credit¹
#471665, Ann Anderson, Listing office: Accel Property Management & Investments, LLC
$312,500 List price
402 E Mahl St Edinburg, TX 78539
$3,711
Closing credit¹
2,976 sqft
0.2 acres
$105 / sqft
Multi-Family
Property details
About 402 E Mahl St
Each unit is separately metered for water, electricity, and natural gas, keeping utility management simple. The hot water heater and stove run on natural gas, significantly reducing electricity costs. While units will require some updates, they present an excellent value-add opportunity for investors. Currently, two units are occupied by Section 8 tenants, with reimbursement set at the 1-bedroom, 1-bath rate. Note that none of the units include central heating and air, and all window units belong to the tenants. With strong rental demand in this prime location, this property offers great potential for steady cash flow and future appreciation. Don't miss out on this investment opportunity!
Highlights
Home typeQuadruplex
StatusActive
CoolingCeiling Fan(s), None
Size2,976 sqft
Lot size0.2445 Acres
Year built1982
MLS #464116
Garage4 spaces
Summary
- Appliances: Range, Cooktop, Gas Water Heater, Refrigerator
- Flooring Type: Vinyl
- Interior: Ceiling Fan(s)
- Garage Space: 4 spaces
- Exterior: None
- Heating: None
- Cooling: Ceiling Fan(s), None
- List Price: $312,500
- Price/SqFt: $105
- Annual Tax Amount: $6,238
- Tax Year: 2023
- Directions: From E University & Closner, go south on Closner past E Cano St then turn east onto E Mahl St. The units will be located at the southeast corner of Mahl St and 14th Ave.
- Year Built: 1982
- Stories: 1
- Living Area: 2,976 SqFt
- Lot Size: 0.2445 Acres
- MLS Number: 464116
- MLS Name: McAllenTX
- Office Name: Imperio Real Estate LLC
- Office Phone: (956) 803-0341
- Listing Agent: Sameer Suresh
Listing information provided by Greater McAllen Association of REALTORS MLS. Information is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Service
Last updated on: 6/26/2025, 12:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$312,500
402 E Mahl St
$3,711
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $239,557 | $6,238 |
| 2022 | $130,812 | $3,542 |
| 2021 | $102,340 | $2,464 |
| 2020 | $90,708 | $2,464 |
| 2019 | $144,179 | $3,704 |
| 2017 | $128,730 | $3,583 |
History based on county public records data.
Nearby schools
9
Jefferson Elementary School
Public District PK-5
0.5 mi
•904 S 12th Ave
6
Robert E. Lee Elementary School
Public District EE-5
0.6 mi
•1215 W Sprague St
9
Austin Elementary School
Public District PK-5
1.0 mi
•1023 E Kuhn St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,000. The majority of Edinburg, TX residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
53%
<35k
41%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
44%
Single, No Kids
17%
Single, with Kids
22%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
24%
18-34 yrs old
36%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Horse Races
Mexican League Soccer
Where do the neighbors shop?
Big Lots
Stein Mart
Burlington
Where do the neighbors go to eat?
Golden Corral
LongHorn Steakhouse
Church's Chicken
What do the neighbors drive?
Kia
Buick
Chevrolet
What do the neighbors listen to?
Adult Standards
Contemporary Inspirational
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
$3,551 Closing Credit¹
#430630, Leah Vargas, Listing office: Keller Williams Realty RGV
$4,334 Closing Credit¹
#458562, Rebeca Bermudez, Listing office: TNT Real Estate
$3,384 Closing Credit¹
#460447, Michael Guerra, Listing office: Keller Williams Realty RGV
$4,988 Closing Credit¹
#466364, Leonardo De Leon, Listing office: Golden Valley Real Estate
$3,206 Closing Credit¹
#471355, Juan Cantu, Listing office: Keller Williams Realty RGV
$3,147 Closing Credit¹
#463293, Alexandra Franco, Listing office: Fox Real Estate Pros
$2,672 Closing Credit¹
#472774, Louann Osment, Listing office: Keller Williams Realty RGV
$10,000 Closing Credit¹
#465104, Leah Vargas, Listing office: Keller Williams Realty RGV
$5,938 Closing Credit¹
#452965, Bryanna Hernandez, Listing office: Imperio Real Estate LLC
Frequently asked questions
About 402 E Mahl St
The listing price of 402 E Mahl St property is $312,500.
The property 402 E Mahl St is a multi located in Edinburg, Texas, 78539.
Active Listing: 402 E Mahl St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 402 E Mahl St are: Jefferson Elementary School (GreatSchools Rating 9/10), Robert E. Lee Elementary School (GreatSchools Rating 6/10), Austin Elementary School (GreatSchools Rating 9/10), South Texas Independent School District Preparatory Academy (GreatSchools Rating 10/10), South Middle School (GreatSchools Rating 6/10), Barrientes Middle School (GreatSchools Rating 4/10), South Texas Business Education & Technology Academy (GreatSchools Rating 8/10), Vanguard Beethoven (GreatSchools Rating 8/10), Robert Vela High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $6,238 (source: MLS/based on county public records data).
The property 402 E Mahl St is 2,976 SqFt (source: MLS/tax record).
The year of construction for 402 E Mahl St is 1982.
This home is located at 402 E Mahl St in Edinburg, TX and zip code 78539. This 2,976 square foot home, which was built in 1982, sits on a 0.24 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 7, 2025 and is currently priced at $312,500.
From Rocket Homes Real Estate and based on county public records data.