Quadplex Under
For Sale
$489,000
Pending
412 Sparrow Road, Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
Property Size4,080 SF
Lot Size0.21 Acres
Days on Market39
Property Features for 412 Sparrow Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking
8
Parking features
None
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Dryer, Microwave, Stove/Range-Electric Smooth, Washer
Subdivision
Pike Terrace
Lot features
Sidewalks, Sprinkler System
Elementary school
Cleckler-Heald
Middle school
Beatrize Garza
High school
Weslaco H.S.
Elementary school district
Weslaco ISD
Middle school district
Weslaco ISD
High school district
Weslaco ISD
Directions
Corner of Milanos Rd and Pike Blvd
Standard status
Pending
APN
P677500000004900
Size
4,080 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2845
HOA Fee
$600 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
gated community
Building Details
Year built
2025
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Sabita Mahtani
(956) 371-3393
Added: Jun 22
Changed: Jul 30
Last Checked: Jul 30 at 5:06PM
MLS# 478388
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 quadplex is currently under construction as part of the gated community PIKE TERRACE in Weslaco. The development includes four units with one one-bedroom, two two-bedroom two-bath, and one three-bedroom two-bath layout. Each unit is planned with modern finishes including tile flooring, a kitchen island, high-end cabinets, quartz countertops, and LED lighting, along with a large walk-in closet and a glass shower door in the main bathroom. Construction materials include stucco, with a shingle roof. The property is set on 0.2149 acres and is listed at 4,080 square feet. Exterior features include a sprinkler system.
The quadplex is located at the corner of Pike Blvd and Milano Rd within the PIKE TERRACE community. The planned homes include central heating and central air, with public water service. Appliances noted include an electric water heater, washer, dryer, microwave, and an electric smooth stove/range.
Estimated completion is approximately 3 months, with finished units described as similar to the provided pictures.
The quadplex is located at the corner of Pike Blvd and Milano Rd within the PIKE TERRACE community. The planned homes include central heating and central air, with public water service. Appliances noted include an electric water heater, washer, dryer, microwave, and an electric smooth stove/range.
Estimated completion is approximately 3 months, with finished units described as similar to the provided pictures.
Key Highlights
- 0.2149 acres with a listed 4,080 SF quadplex under construction
- PIKE TERRACE gated community quadplex at the corner of Pike Blvd and Milano Rd
- Unit mix planned: 1 one‑bedroom, 2 two‑bedroom two‑bath, and 1 three‑bedroom two‑bath
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 | $57.3k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $51.0k | $12.49 |
| − OpEx | −$15.3k | −$3.75 |
| NOI | $35.7k | $8.74 |
4,080 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$509.7K
$446.0K – $594.7K
NOI $35,679 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$469.3K
$410.6K – $547.5K
NOI $32,850 @ 7.0% cap · market cap 6.72%
Theoretical Best
Hotel Hospitality
$3.07M
$2.69M – $3.59M
NOI $215,118 @ 7.0% cap · market cap 43.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
833
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex under construction in a gated community with one- to three-bedroom layouts and central HVAC.
Where is this quadplex located?
The property is located at 412 Sparrow 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: 0.2149 acres with a listed 4,080 SF quadplex under construction; PIKE TERRACE gated community quadplex at the corner of Pike Blvd and Milano Rd; Unit mix planned: 1 one‑bedroom, 2 two‑bedroom two‑bath, and 1 three‑bedroom two‑bath
