Brick Triplex on
For Sale
$360,000
19310 N Mile 6 Road W, Elsa, TX 78543
Residential Income, Elsa, TX
Property Size2,190 SF
Lot Size1.91 Acres
Price / SF$164.38
Days on Market182
Property Features for 19310 N Mile 6 Road W
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
None
Appliances
Electric Water Heater
Subdivision
West Tract
Elementary school
JFK
Middle school
Truan Junior High
High school
Edcouch-Elsa H.S.
Elementary school district
Edcouch-Elsa ISD
Middle school district
Edcouch-Elsa ISD
High school district
Edcouch-Elsa ISD
Directions
Traveling east on 107, turn North at the intersection on Mile 6 and property will be on your right hand side.
Standard status
Active
APN
W380000581000305,W380000581000300
Size
2,190 SF
Lot size
1.91 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3826
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1995
Floors in Building
1
Number of units
3
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Elvira Perez
(956) 648-1539
Added: Apr 15
Changed: Aug 31
Last Checked: Oct 13 at 4:06PM
MLS# 491325
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 1995-built triplex contains 2,190 square feet across three residential units and sits on a 1.91-acre parcel. Brick construction, a shingle roof, central heating, and central air conditioning are among the documented property features. An electric water heater serves the building, while the site has no listed parking improvements.
The property is located at 19310 N Mile 6 Road W in Elsa, Hidalgo County, Texas, within ZIP code 78543. The substantial land area extends beyond the building footprint and is identified as having potential for future development, although no specific development plan or entitlement is provided.
The property is located at 19310 N Mile 6 Road W in Elsa, Hidalgo County, Texas, within ZIP code 78543. The substantial land area extends beyond the building footprint and is identified as having potential for future development, although no specific development plan or entitlement is provided.
Key Highlights
- Three‑unit triplex on 1.91 acres
- 2,190 square feet of building area
- Built in 1995 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,151
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,020
$383.0K
Cap Rate 7%
$273,586
$273.6K
Cap Rate 9%
$212,789
$212.8K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$30.7K $14.04/SF
− Vacancy
−$3.4K −$1.55/SF
EGI
$27.4K $12.49/SF
− OpEx
−$8.2K −$3.75/SF
NOI
$19.2K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,020
Cap Rate 7%
$273,586
Cap Rate 9%
$212,789
Alternative Uses
Best Use
Multifamily LT 5
$273.6K
$239.4K – $319.2K
NOI $19,151 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$251.9K
$220.4K – $293.9K
NOI $17,633 @ 7.0% cap · market cap 4.90%
Theoretical Best
Hotel Hospitality
$1.65M
$1.44M – $1.92M
NOI $115,468 @ 7.0% cap · market cap 32.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 78543, TX
7,535
Population
3,018
Households
2.5
Avg Household Size
33
Median Age
9%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
1,177
Density / Sq Mi
$47,657
Median Household Income
$30,960
Median Earnings
$759
Median Rent
$85,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with central heating and cooling on a substantial land parcel.
Where is this triplex located?
The property is located at 19310 N Mile 6 Road W Elsa, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Three‑unit triplex on 1.91 acres; 2,190 square feet of building area; Built in 1995 with brick construction
