Modern Duplex Built in
326 N VIRGINIA AVE. 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 Market171
Property Features for 326 N VIRGINIA AVE.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Interior features
- Ceiling Fan(s), Smoke Alarm(s)
- Fencing
- Privacy
- Appliances
- Disposal, Range, Refrigerator
- Standard status
- Active
- Size
- 1,920 SF
- Lot size
- 0.11 Acres
Utilities
- Sewer type
- Public Sewer
- 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
- Flooring type
- Tile
Listing Agency:
EXP Realty, LLC
(888) 519-7431
Listed By:
Arasely Esquivel
(956) 688-0631
Added: Feb 4
Changed: May 12
Last Checked: Jul 25 at 5:06AM
MLS# 29771870
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. 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 each unit featuring wood-look tile flooring throughout. The kitchens are equipped with quartz countertops and ample cabinet space. Located off the highway, the property provides convenient access for commuters and offers strong rental appeal. The property has a lot size of 0.11 acres and a total size of 1920 square feet. This duplex is located in Mercedes, Texas.
Key Highlights
- Built in 2020, offering modern construction and design.
- Two spacious 2‑bedroom, 2‑bathroom units provide ample living space.
- Currently rented and occupied, providing 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, built in 2020.
Where is this duplex located?
The property is located at 326 N VIRGINIA AVE. 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 provide ample living space.; Currently rented and occupied, providing immediate rental income.
