Weslaco Fourplex: Fully Leased
3121 Briggs Road Weslaco, TX 78596
For Sale
$499,000
MULTI_FAMILY - Weslaco, TX
Property Size4,398 SF
Lot Size0.20 Acres
Price / SF$113.46
Days on Market142
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 Agency:
BIG Realty
(956) 465-0011
Listed By:
Nicole Fuller
(956) 929-9938
Added: Mar 4
Changed: Apr 15
Last Checked: Jul 24 at 2:06AM
MLS# 497250
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 fully leased fourplex is located in the Rio Meadows gated subdivision in Weslaco. The property is a turnkey investment opportunity that offers immediate cash flow. It is conveniently located near the expressway. Constructed in 2024, the property minimizes upkeep. The fourplex contains two 3-bed/2-bath units and two 2-bed/2-bath units. The 3-bedroom units include spacious, well-kept yards. Each unit is independently metered and includes stainless steel kitchen appliances: a refrigerator, oven/stove, and microwave, as well as its own washer and dryer. All four units feature a modern interior with tile floors and quartz countertops. The property is situated on a 0.2-acre lot and has a total size of 4398 square feet. This mid-valley investment combines functionality and a prime location in the heart of the Rio Grande Valley.
Key Highlights
- Fully leased fourplex providing immediate cash flow.
- Located in the Rio Meadows gated subdivision in Weslaco.
- New construction (2024) minimizing upkeep.
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 |
4,398 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.4K
$480.8K – $641.0K
NOI $38,460 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$505.9K
$442.6K – $590.2K
NOI $35,410 @ 7.0% cap · market cap 7.10%
Theoretical Best
Hotel Hospitality
$3.31M
$2.90M – $3.86M
NOI $231,885 @ 7.0% cap · market cap 46.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Turnkey fourplex in Weslaco's Rio Meadows, immediate cash flow.
Where is this quadplex located?
The property is located at 3121 Briggs Road Weslaco, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully leased fourplex providing immediate cash flow.; Located in the Rio Meadows gated subdivision in Weslaco.; New construction (2024) minimizing upkeep.
