3121 Briggs Road, Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
- Added:
- Mar 4, 2026
- Days on Market:
- 96
- Last Refresh:
- Jun 8 at 11:06 am
Property Features for 3121 Briggs Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Patio
- Appliances
- Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Coil, Washer
- Standard status
- Active
- APN
- R311000000005100
- Size
- 4,398 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8777
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stone, Stucco
- Roof type
- Composition
Listing agent Nicole Fuller (956) 929-9938
Listing office BIG Realty 4847 S Jackson Rd., Pharr, TX (956) 465-0011
Listing date Mar 4, 2026
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.
HighLights
- Fully leased fourplex providing immediate cash flow.
- Located in the Rio Meadows gated subdivision in Weslaco.
- New construction (2024) minimizing upkeep.
- Each unit includes stainless steel kitchen appliances (refrigerator, oven/stove, microwave) and washer/dryer.
- Modern interiors with tile floors and quartz countertops.
- Independently metered units.
Overview
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 | $61.7k | $14.04 |
| − Vacancy | −$6.8k | −$1.55 |
| EGI | $54.9k | $12.49 |
| − OpEx | −$16.5k | −$3.75 |
| NOI | $38.5k | $8.74 |
Alternative Uses
Current Use by Public Records
Map
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.020577
- Latitude
- 26.161203
