Mercedes Fourplex Investment
For Sale
$399,900
1046 HIDALGO ST., Mercedes, TX 78570
MULTI_FAMILY - MERCEDES, TX
Property Size3,132 SF
Lot Size0.17 Acres
Price / SF$127.68
Days on Market446
Property Features for 1046 HIDALGO ST.
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Interior features
Ceiling Fan(s), Smoke Alarm(s), Walk-in Closet(s)
Fencing
Privacy
Appliances
Dishwasher, Disposal, Range, Refrigerator
Subdivision
MERCEDES ORIGINAL TOWNSITE
Lot features
Corner Lot, Curb & Gutter, Sprinklers In Front, Sprinklers In Rear
Elementary school
TAYLOR
Middle school
MERCEDES
High school
MERCEDES
Elementary school district
MERCEDES I.S.D.
Middle school district
MERCEDES I.S.D.
High school district
MERCEDES I.S.D.
Standard status
Active
Size
3,132 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
4
Flooring type
Tile
Listing Agency:
EXP Realty, LLC
(888) 519-7431
Listed By:
Arasely Esquivel
(956) 688-0631
Added: May 12, 2025
Changed: Jul 30
Last Checked: Jul 31 at 12:06AM
MLS# 29765169
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. 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, Texas, 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 near the highway and grocery stores. The lot size is 0.17 acres, and the property size is 3132 square feet.
Key Highlights
- 2023‑built fourplex with modern interiors and all kitchen appliances included
- Unit mix includes two 2BD/2BA units and two 1BD/1BA units
- Each unit features wood‑look tile flooring, quartz countertops, and modern fixtures
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 78570, TX
32,950
Population
10,701
Households
3.1
Avg Household Size
30
Median Age
12%
College-Educated
61%
High-School Grad
75.2 sq mi
ZIP Area
438
Density / Sq Mi
$39,890
Median Household Income
$22,648
Median Earnings
$686
Median Rent
$83,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 ST. 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: 2023‑built fourplex with modern interiors and all kitchen appliances included; Unit mix includes two 2BD/2BA units and two 1BD/1BA units; Each unit features wood‑look tile flooring, quartz countertops, and modern fixtures
