Advertise
    Location, address, ZIP or keywords
    Back to Search
    Weslaco Fourplex Investment Opportunity

    1631 Playa Drive Weslaco, TX 78596

    Claim this Listing
    For Sale
    $489,000

    MULTI_FAMILY - Weslaco, TX

    Property size:
    4,200 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $116.43/SF
    Added:
    Apr 14, 2026
    Days on Market:
    92
    Last Refresh:
    Jul 14 at 5:06 am

    Property Features for 1631 Playa Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    8
    Parking features
    Other
    Fencing
    Privacy
    Appliances
    Electric Water Heater, Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    T165000000002800
    Size
    4,200 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12673

    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
    Stone, Stucco
    Roof type
    Shingle

    Listing agent Maggie Harris License #0530155

    Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX

    Listing date Apr 14, 2026

    MLS# 496544 Listing URL

    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 Weslaco, TX, presents an exceptional investment opportunity. The property features a versatile unit mix of spacious 3-bedroom, 2-bath and 2-bedroom, 2-bath layouts. Each unit provides approximately 1,000 square feet of comfortable living space. The units are thoughtfully designed with clean finishes and modern touches, giving the property a fresh, almost-new feel. The property offers functional floor plans and attractive interiors. The property size is 4,200 square feet and the lot size is 0.2378 acres. With its strong rental appeal, this property is ideal for investors looking to expand their portfolio or secure steady income in a growing area. This is a solid asset with excellent potential.

    Key Highlights

    • Fourplex with versatile unit mix of 3‑bedroom, 2‑bath and 2‑bedroom, 2‑bath layouts.
    • Each unit provides approximately 1,000 square feet of living space.
    • Built in 2023, providing a fresh, almost‑new feel.

    Local 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 $59.0k $14.04
    − Vacancy −$6.5k −$1.55
    EGI $52.5k $12.49
    − OpEx −$15.7k −$3.75
    NOI $36.7k $8.74
    4,200 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $524.7K
    $459.1K – $612.2K (±1% cap)
    NOI $36,729 @ 7.0% cap · market cap 7.51%
    Second Best
    Apartment 5plus
    $483.1K
    $422.7K – $563.6K (±1% cap)
    NOI $33,816 @ 7.0% cap · market cap 6.92%
    Theoretical Best
    Hotel Hospitality
    $3.16M
    $2.77M – $3.69M (±1% cap)
    NOI $221,445 @ 7.0% cap · market cap 45.29%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Similar For Sale Nearby

    • $1,600,000
      14,699 SF

      2015 Strip Center with Drive-Through

      Well-maintained retail and office complex with drive-through restaurant and ample parking for tenant operations.
      12205 N Fm 88, Weslaco, TX 78599
      View Details
    • $2,389,000
      19,200 SF

      Medical Office Plaza Building

      Multi-tenant medical office plaza in Weslaco, offering partially leased space with room for additional buildout.
      1125 James Street, Weslaco, TX 78596
      View Details
    • $1,200,000
      10,320 SF

      Leased Wedding Event Venue with Kitchen

      Fully leased event venue with gated entry, fenced grounds, and a commercial kitchen suited for private gatherings.
      11723 N Fm 88, Weslaco, TX 78599
      View Details
    • $1,499,000
      3,100 SF

      Turn-Key Restaurant on International Boulevard

      Established restaurant with outdoor entertainment venue on 1.64 acres.
      1015 S International Boulevard, Weslaco, TX 78596
      View Details
    • $750,000
      7,738 SF

      Restaurant Building in High Traffic Area

      Large restaurant with indoor and outdoor dining in Weslaco.
      2708 N Texas Boulevard, Weslaco, TX 78599
      View Details
    • $769,000
      4,212 SF

      Turnkey Restaurant Opportunity in Weslaco

      Fully equipped restaurant on a high-traffic location.
      1501 W Business 83 Road, Weslaco, TX 78596
      View Details
    • $175,000
      4,000 SF

      Multi-Use Building with Yard

      Flexible mixed-use building with an open layout, yard space, and an added storage building.
      320 E Huisache Street, Weslaco, TX 78596
      View Details
    • $465,000
      4,182 SF

      Gated Community Fourplex

      Well-maintained fourplex in a gated community with two 3BR/2BA and two 2BR/2BA units.
      2000 HARRISON ST., WESLACO, TX 78599
      View Details
    • $465,000
      4,200 SF

      Four-Unit Residential Income Property

      Well-kept fourplex with four two-bedroom units, each with private entrance and two assigned parking spaces.
      1908 Harrison Street, Weslaco, TX 78599
      View Details
    • $450,000
      3,952 SF

      Well-Maintained Fourplex for Sale

      Well-kept fourplex with updated roof and HVAC, plus in-unit washer/dryer connections and two parking spaces per unit.
      108 E 19th Street, Weslaco, TX 78596
      View Details
    • $1,050,000
      8,320 SF

      Weslaco 8-Plex Investment Opportunity

      Fully occupied 8-plex in Weslaco, TX with strong income.
      1104 Jesse Street, Weslaco, TX 78596
      View Details
    • $350,000
      3,480 SF

      Four-Unit Residential Income Property

      Well-maintained 4-plex with four units and individual utilities, offered for sale in Weslaco.
      3027 E Mile 11, Weslaco, TX 78599
      View Details

    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex in Weslaco, TX with strong rental appeal.
    Where is this quadplex located?
    The property is located at 1631 Playa Drive Weslaco, TX.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: Fourplex with versatile unit mix of 3‑bedroom, 2‑bath and 2‑bedroom, 2‑bath layouts.; Each unit provides approximately 1,000 square feet of living space.; Built in 2023, providing a fresh, almost‑new feel.
    Contact an agent
    (956) 821-9990
    We can help!
    Contact an agent
    Maggie Harris
    Maggie Harris
    Real Estate License ID: 0530155
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1631 Playa Drive, Weslaco, TX 78596
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!