Quadplex with Two Layout
For Sale
$465,000
2108 Redbud Lane, Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
Property Size3,996 SF
Lot Size0.25 Acres
Price / SF$116.37
Days on Market82
Property Features for 2108 Redbud Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Parking features
None
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Water Heater (In Attic), Dryer, Microwave, Refrigerator, Stove/Range-Electric Coil, Washer
Subdivision
Airport Heights
Lot features
Sidewalks
Elementary school
Airport Dr.
Middle school
Cuellar
High school
Weslaco East H.S.
Elementary school district
Weslaco ISD
Middle school district
Weslaco ISD
High school district
Weslaco ISD
Directions
From Expressway 83, exit Airport Dr. Head south on Airport Dr. turn left on Stauffer St. Drive till the end of the street and turn to the right. Property will be on the left hand side.
Standard status
Active
APN
A144500000005900
Size
3,996 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10739
HOA Fee
$600 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
appliances included
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Stone, Stucco
Roof type
Shingle
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Claudia Reyes
(956) 616-1366
Added: Jun 9
Changed: Aug 13
Last Checked: Aug 29 at 11:06AM
MLS# 498852
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 quadplex offers four rental units with two layout types: two units with 3/2 configurations and two units with 2/2 configurations. Appliances are included, and the property is supported by a sprinkler system. Heating is central electric, and cooling is central air with electric service.
The property is located at 2108 Redbud Lane in Weslaco, TX (Hidalgo County). It sits on a 0.2492-acre lot, with a roof made of shingle materials. Public water service is available.
Construction materials include stone and stucco, and the building was completed in 2022. The unit interiors are supported by an electric water heater and additional water heating equipment noted as an attic water heater. Parking is listed as none.
The property is located at 2108 Redbud Lane in Weslaco, TX (Hidalgo County). It sits on a 0.2492-acre lot, with a roof made of shingle materials. Public water service is available.
Construction materials include stone and stucco, and the building was completed in 2022. The unit interiors are supported by an electric water heater and additional water heating equipment noted as an attic water heater. Parking is listed as none.
Key Highlights
- Fourplex with 4 total units: 2 units with 3/2 and 2 units with 2/2
- Year built 2022 with stone and stucco exterior materials
- Central heating (electric) and central air conditioning (electric)
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
$34,945
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
7.52%
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%
$698,900
$698.9K
Cap Rate 7%
$499,214
$499.2K
Cap Rate 9%
$388,278
$388.3K
Market Conditions
NOI Build-Up for 3,996 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
$56.1K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$49.9K $12.49/SF
− OpEx
−$15.0K −$3.75/SF
NOI
$34.9K $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%
$698,900
Cap Rate 7%
$499,214
Cap Rate 9%
$388,278
Alternative Uses
Best Use
Multifamily LT 5
$499.2K
$436.8K – $582.4K
NOI $34,945 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$459.6K
$402.2K – $536.2K
NOI $32,174 @ 7.0% cap · market cap 6.92%
Theoretical Best
Hotel Hospitality
$3.01M
$2.63M – $3.51M
NOI $210,689 @ 7.0% cap · market cap 45.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 78596, TX
37,329
Population
15,824
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
75%
High-School Grad
40.1 sq mi
ZIP Area
931
Density / Sq Mi
$53,797
Median Household Income
$31,618
Median Earnings
$917
Median Rent
$92,800
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?
Quadplex - Fourplex built in 2022 with sprinkler system, central heating and cooling, and all major appliances included.
Where is this quadplex located?
The property is located at 2108 Redbud Lane Weslaco, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Fourplex with 4 total units: 2 units with 3/2 and 2 units with 2/2; Year built 2022 with stone and stucco exterior materials; Central heating (electric) and central air conditioning (electric)
