Modern Duplex with Rented
New
For Sale
$259,900
326 N Virginia Avenue, Mercedes, TX 78570
MULTI_FAMILY - Mercedes, TX
Property Size1,920 SF
Lot Size0.11 Acres
Price / SF$135.36
Days on Market4
Property Features for 326 N Virginia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
None
Fencing
Privacy
Appliances
Electric Water Heater, Disposal, Refrigerator, Stove/Range-Electric Coil
Subdivision
Mercedes Original Townsite
Lot features
Curb & Gutters
Elementary school
Kennedy
Middle school
Sgt. Manuel Chacon
High school
Mercedes H.S.
Elementary school district
Mercedes ISD
Middle school district
Mercedes ISD
High school district
Mercedes ISD
Directions
From Expressway 83 in Harlingen heading west towards Mcallen, take the Vermont exit. Continue and take the turn around under the expressway and then make a right onto N. Virginia. Property will be to your right next to food trucks.
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
Electric (Heating), Central
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: Jul 28
Changed: Jul 30
Last Checked: Jul 31 at 1:06AM
MLS# 510844
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 modern duplex was built in 2020 and contains two spacious 2-bedroom, 2-bath units. Both units are currently rented and occupied. Interiors feature wood-look tile flooring, and each unit includes quartz countertops in the kitchen with generous cabinet space.
The property is located at 326 N Virginia Avenue in Mercedes, Texas, in Hidalgo County. Public remarks note the duplex is right off the highway, providing convenient access for commuters.
As a residential income property for sale, the duplex is configured as two separate living units with an emphasis on low-maintenance finishes and move-in-ready functionality for current tenants.
The property is located at 326 N Virginia Avenue in Mercedes, Texas, in Hidalgo County. Public remarks note the duplex is right off the highway, providing convenient access for commuters.
As a residential income property for sale, the duplex is configured as two separate living units with an emphasis on low-maintenance finishes and move-in-ready functionality for current tenants.
Key Highlights
- Duplex built in 2020 with two 2‑bedroom, 2‑bath units, both currently rented and occupied
- Wood‑look tile flooring in both units for low‑maintenance living
- Each unit includes quartz countertops and generous cabinet space in the kitchen
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 78570, TX
32,950
Population
10,701
Households
3.1
Avg Household Size
30
Median Age
12%
College-Educated
61%
High-School Grad
75.2 sq mi
ZIP Area
438
Density / Sq Mi
$39,890
Median Household Income
$22,648
Median Earnings
$686
Median Rent
$83,400
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?
Duplex - A 2020-built duplex offering two 2-bedroom, 2-bath units, both currently rented and occupied.
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: Duplex built in 2020 with two 2‑bedroom, 2‑bath units, both currently rented and occupied; Wood‑look tile flooring in both units for low‑maintenance living; Each unit includes quartz countertops and generous cabinet space in the kitchen
