Mercedes Fourplex: Investment
1046 Hidalgo Street Mercedes, TX 78570
For Sale
$399,900
MULTI_FAMILY - Mercedes, TX
Property Size3,132 SF
Lot Size0.17 Acres
Price / SF$127.68
Days on Market75
Property Features for 1046 Hidalgo Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Garage
- Exterior features
- Sprinkler System
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Tankless Water Heater, Water Heater (Laundry Room), Electric Cooktop, Dishwasher, Disposal, Refrigerator, Stove/Range
- Standard status
- Active
- APN
- 234512
- Size
- 3,132 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8436
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- HardiPlank Type
- Roof type
- Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Arasely Esquivel
(956) 688-0631
Added: May 12
Changed: Jun 9
Last Checked: Jul 25 at 5:06AM
MLS# 504220
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fourplex in Mercedes, TX, presents an investment opportunity. It features two units with 2 bedrooms and 2 bathrooms, and two units with 1 bedroom and 1 bathroom. All kitchen appliances are included. The interiors feature wood-look tile flooring, quartz countertops, and modern fixtures. Each unit has a dedicated laundry area and a private backyard. The property is located within minutes from the highway and grocery stores. The lot size is 0.1722 acres and the property size is 3,132 square feet.
Key Highlights
- Fourplex built in 2023 with 2 units featuring 2 bed/2 bath and 2 units featuring 1 bed/1 bath
- Each unit includes a dedicated laundry area and a private backyard
- Interior features include wood‑look tile flooring and quartz countertops
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.0k | $14.04 |
| − Vacancy | −$4.8k | −$1.55 |
| EGI | $39.1k | $12.49 |
| − OpEx | −$11.7k | −$3.75 |
| NOI | $27.4k | $8.74 |
3,132 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.3K
$342.4K – $456.5K
NOI $27,389 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$360.2K
$315.2K – $420.3K
NOI $25,217 @ 7.0% cap · market cap 6.31%
Theoretical Best
Hotel Hospitality
$2.36M
$2.06M – $2.75M
NOI $165,135 @ 7.0% cap · market cap 41.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fourplex in Mercedes, TX with modern interiors and private backyards.
Where is this quadplex located?
The property is located at 1046 Hidalgo Street Mercedes, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Fourplex built in 2023 with 2 units featuring 2 bed/2 bath and 2 units featuring 1 bed/1 bath; Each unit includes a dedicated laundry area and a private backyard; Interior features include wood‑look tile flooring and quartz countertops
