Brick Triplex with Central
For Sale
$360,000
19310 N Mile 6 Road W, Elsa, TX 78543
MULTI_FAMILY - Elsa, TX
Property Size2,190 SF
Lot Size1.91 Acres
Price / SF$164.38
Days on Market134
Property Features for 19310 N Mile 6 Road W
General Information
Property type
Residential Multi Family
Property subtype
Other
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 14
Changed: Jul 29
Last Checked: Aug 25 at 12:06AM
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 brick triplex investment property is set on 1.91 acres and includes three income-producing units. The building totals 2,190 square feet and was constructed in 1995.
The property is equipped with central heating and central air, and includes an electric water heater. The roof is shingle. Parking is listed as none.
With its three-unit configuration and surrounding land area, the site may also support future development or value-add improvements, depending on how it is pursued.
The property is equipped with central heating and central air, and includes an electric water heater. The roof is shingle. Parking is listed as none.
With its three-unit configuration and surrounding land area, the site may also support future development or value-add improvements, depending on how it is pursued.
Key Highlights
- 1.91‑acre triplex property with three income‑producing units
- 2,190 SF brick building
- Central heating and central air
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,151
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Brick triplex on 1.91 acres with three units and central heating and central air, built in 1995.
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: 1.91‑acre triplex property with three income‑producing units; 2,190 SF brick building; Central heating and central air
