Quadplex with Gated
For Sale
$479,000
3131 Stark Road, Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
Property Size4,226 SF
Lot Size0.27 Acres
Price / SF$113.35
Days on Market127
Property Features for 3131 Stark Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
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
Subdivision
Rio Meadows
Lot features
Corner Lot, Curb & Gutters, Professional Landscaping, Sprinkler System
Elementary school
Memorial
Middle school
Central
High school
Weslaco H.S.
Elementary school district
Weslaco ISD
Middle school district
Weslaco ISD
High school district
Weslaco ISD
Directions
On expressway 83 head east from McAllen to Weslaco. Get off on Victoria Rd exit and turn right(south) on Midway Rd. Go past Old 83 or Business 83. Briggs Rd will be first Street to your left. Take a left on Briggs Rd and destination will be last 4 plex on your right.
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
HOA Fee
$500 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
gated entrance
all appliances including washer and dryer
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: Apr 15
Changed: Jul 31
Last Checked: Aug 19 at 8:06PM
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 under-construction quadplex is planned for a gated entrance and total build-out of 4 residential units in a modern, open-concept layout. The unit mix includes two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. Each unit is described as coming fully equipped with major appliances, including a refrigerator, microwave, smooth electric cooktop, electric water heater, plus an in-unit washer and dryer. Central heating and central air are included, and the exterior features a sprinkler system. The property also includes garage parking and a porch.
The project is set on a 0.2689-acre lot at 3131 Stark Road in Weslaco, Texas (Hidalgo County). It is described as being about 2 minutes from the expressway, supporting convenient day-to-day access.
Construction is listed as under construction with a stated year built of 2026 and a shingle roof with stucco exterior construction. The overall configuration is suited for residents or tenants seeking two- and three-bedroom layouts within the same building.
The project is set on a 0.2689-acre lot at 3131 Stark Road in Weslaco, Texas (Hidalgo County). It is described as being about 2 minutes from the expressway, supporting convenient day-to-day access.
Construction is listed as under construction with a stated year built of 2026 and a shingle roof with stucco exterior construction. The overall configuration is suited for residents or tenants seeking two- and three-bedroom layouts within the same building.
Key Highlights
- Gated entrance quadplex on a 0.2689‑acre lot
- 4 units total: two 3‑bedroom, 2‑bath and two 2‑bedroom, 2‑bath
- 4,226 SF under construction with stated year built 2026
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
$36,956
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
7.72%
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%
$739,120
$739.1K
Cap Rate 7%
$527,943
$527.9K
Cap Rate 9%
$410,622
$410.6K
Market Conditions
NOI Build-Up for 4,226 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
$59.3K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.8K $12.49/SF
− OpEx
−$15.8K −$3.75/SF
NOI
$37.0K $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%
$739,120
Cap Rate 7%
$527,943
Cap Rate 9%
$410,622
Alternative Uses
Best Use
Multifamily LT 5
$527.9K
$462.0K – $615.9K
NOI $36,956 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$486.1K
$425.3K – $567.1K
NOI $34,026 @ 7.0% cap · market cap 7.10%
Theoretical Best
Hotel Hospitality
$3.18M
$2.79M – $3.71M
NOI $222,816 @ 7.0% cap · market cap 46.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
141
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Under-construction quadplex with central HVAC, sprinkler system, and four units featuring fully equipped kitchens.
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 $479,000.
What are key features of this property?
This property features: Gated entrance quadplex on a 0.2689‑acre lot; 4 units total: two 3‑bedroom, 2‑bath and two 2‑bedroom, 2‑bath; 4,226 SF under construction with stated year built 2026
