Four-Unit Quadplex with
For Sale
$439,000
2000 HARRISON ST., Weslaco, TX 78599
Residential Income, WESLACO, TX
Property Size4,182 SF
Lot Size0.26 Acres
Price / SF$104.97
Days on Market75
Property Features for 2000 HARRISON ST.
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Interior features
Ceiling Fan(s), Smoke Alarm(s), Walk-in Closet(s)
Fencing
Privacy
Subdivision
VILLAGES AT WESTGATE
Lot features
Sidewalks
Elementary school
CLECKER-HEALD
Middle school
BEATRIZE GARZA
High school
WESLACO
Elementary school district
WESLACO I.S.D.
Middle school district
WESLACO I.S.D.
High school district
WESLACO I.S.D.
Standard status
Active
Size
4,182 SF
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
gated community
laundry room
Building Details
Year built
2019
Floors in Building
1
Number of units
4
Flooring type
Tile
Listing Agency:
Realty One Group, Modern Edge
(956) 908-0325
Listed By:
Connie Uribe · License #TREC#0703309
(956) 621-1865
Added: Jul 6
Changed: Sep 16
Last Checked: Sep 18 at 12:06PM
MLS# 29777747
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 4,182-square-foot quadplex, built in 2019, contains four residential units. The unit mix includes two three-bedroom, two-bath layouts and two two-bedroom, two-bath layouts. Each unit includes kitchen and laundry appliances, tile flooring, ceiling fans, smoke alarms, and walk-in closets. Central electric heating and central air conditioning serve the property, while carport parking, privacy fencing, and public water and sewer add practical site features.
The property is located within the gated Villages at Westgate community in Weslaco. Restaurants, a shopping district, and an expressway are described as being nearby, providing access to everyday services and commuting routes. The 0.2571-acre parcel supports the existing multifamily configuration.
The property is located within the gated Villages at Westgate community in Weslaco. Restaurants, a shopping district, and an expressway are described as being nearby, providing access to everyday services and commuting routes. The 0.2571-acre parcel supports the existing multifamily configuration.
Key Highlights
- Four‑unit quadplex with two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units
- 4,182 square feet on a 0.2571‑acre parcel
- Built in 2019 within the gated Villages at Westgate community
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
$36,571
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
8.33%
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%
$731,420
$731.4K
Cap Rate 7%
$522,443
$522.4K
Cap Rate 9%
$406,344
$406.3K
Market Conditions
NOI Build-Up for 4,182 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
$58.7K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.2K $12.49/SF
− OpEx
−$15.7K −$3.75/SF
NOI
$36.6K $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%
$731,420
Cap Rate 7%
$522,443
Cap Rate 9%
$406,344
Alternative Uses
Best Use
Multifamily LT 5
$522.4K
$457.1K – $609.5K
NOI $36,571 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$481.0K
$420.9K – $561.2K
NOI $33,671 @ 7.0% cap · market cap 7.67%
Theoretical Best
Hotel Hospitality
$3.15M
$2.76M – $3.67M
NOI $220,496 @ 7.0% cap · market cap 50.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 78599, TX
32,500
Population
9,945
Households
3.3
Avg Household Size
29
Median Age
16%
College-Educated
67%
High-School Grad
26.5 sq mi
ZIP Area
1,226
Density / Sq Mi
$55,939
Median Household Income
$27,841
Median Earnings
$954
Median Rent
$113,300
Median Home Value
Check the figures for this property
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?
Quadplex - Gated multifamily property with tile flooring, central HVAC, carports, and included kitchen and laundry appliances.
Where is this quadplex located?
The property is located at 2000 HARRISON ST. Weslaco, TX.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Four‑unit quadplex with two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units; 4,182 square feet on a 0.2571‑acre parcel; Built in 2019 within the gated Villages at Westgate community
