New Multifamily Property in
3131 Stark Road Weslaco, TX 78596
For Sale
$489,000
MULTI_FAMILY - Weslaco, TX
Property Size4,226 SF
Lot Size0.27 Acres
Price / SF$115.71
Days on Market186
Property Features for 3131 Stark Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Porch
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- R311000000003100
- Size
- 4,226 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4386
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Manny De Leon
(956) 658-3242
Added: Jan 19
Changed: Apr 15
Last Checked: Jul 24 at 2:06AM
MLS# 492404
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 newly built multifamily property features an open concept design. The property includes two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. Each unit is equipped with appliances, including a washer and dryer. The property is located 2 minutes from the expressway. It features a gated entrance and ample space. The property is situated in Weslaco, Texas.
Key Highlights
- Newly built multi‑family property (Year Built: 2026) offering immediate rental income potential.
- Includes two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units.
- Each unit is fully equipped with all appliances, including washer and dryer.
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 | $59.3k | $14.04 |
| − Vacancy | −$6.5k | −$1.55 |
| EGI | $52.8k | $12.49 |
| − OpEx | −$15.8k | −$3.75 |
| NOI | $37.0k | $8.74 |
4,226 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$527.9K
$462.0K – $615.9K
NOI $36,956 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$486.1K
$425.3K – $567.1K
NOI $34,026 @ 7.0% cap · market cap 6.96%
Theoretical Best
Hotel Hospitality
$3.18M
$2.79M – $3.71M
NOI $222,816 @ 7.0% cap · market cap 45.57%
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 - Newly built multifamily property with modern amenities and convenient location.
Where is this quadplex located?
The property is located at 3131 Stark Road Weslaco, TX.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Newly built multi‑family property (Year Built: 2026) offering immediate rental income potential.; Includes two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units.; Each unit is fully equipped with all appliances, including washer and dryer.
