Modern Duplex Built in
326 N Virginia Avenue Mercedes, TX 78570
For Sale
$259,900
MULTI_FAMILY - Mercedes, TX
Property Size1,920 SF
Lot Size0.11 Acres
Price / SF$135.36
Days on Market75
Property Features for 326 N Virginia Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Disposal, Refrigerator, Stove/Range-Electric Coil
- Standard status
- Active
- APN
- M355000053000600
- Size
- 1,920 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6016
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2020
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Siding, Stone
- Roof type
- Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Arasely Esquivel
(956) 688-0631
Added: May 12
Changed: May 14
Last Checked: Jul 25 at 5:06AM
MLS# 493943
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 well-maintained duplex, constructed in 2020, features two units, each offering 2 bedrooms and 2 bathrooms. Both units are currently rented and occupied. The property is designed for modern living, with wood-look tile flooring throughout each unit for style and easy maintenance. The kitchens feature quartz countertops and ample cabinet space. Located right off the highway, the property provides convenient access for commuters and strong rental appeal. The property is situated on a lot of 0.1148 acres and the building size is 1920 square feet. This duplex is suitable for investors or buyers seeking immediate rental income, offering flexibility and income potential. The property is located in Mercedes, Texas, in Hidalgo County.
Key Highlights
- Built in 2020, offering modern construction and design.
- Two spacious 2‑bedroom, 2‑bathroom units, providing ample living space.
- Currently rented and occupied, ensuring immediate rental income.
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 | $27.0k | $14.04 |
| − Vacancy | −$3.0k | −$1.55 |
| EGI | $24.0k | $12.49 |
| − OpEx | −$7.2k | −$3.75 |
| NOI | $16.8k | $8.74 |
1,920 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.9K
$209.9K – $279.8K
NOI $16,790 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$220.8K
$193.2K – $257.7K
NOI $15,459 @ 7.0% cap · market cap 5.95%
Theoretical Best
Hotel Hospitality
$1.45M
$1.27M – $1.69M
NOI $101,232 @ 7.0% cap · market cap 38.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with strong rental appeal, ideal for investors.
Where is this duplex located?
The property is located at 326 N Virginia Avenue Mercedes, TX.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Built in 2020, offering modern construction and design.; Two spacious 2‑bedroom, 2‑bathroom units, providing ample living space.; Currently rented and occupied, ensuring immediate rental income.
