612 Oriole Road Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
- Added:
- Jun 15, 2026
- Days on Market:
- 30
- Last Refresh:
- Jul 14 at 3:06 am
Property Features for 612 Oriole Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Dryer, Microwave, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- P677500000000700
- Size
- 4,080 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2845
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Sabita Mahtani (956) 371-3393
Listing office Key Realty 4907 S Jackson Road, Edinburg, TX (956) 627-7552
Listing date Jun 15, 2026
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.
The property is located at the corner of Pike Blvd and Milano Rd in Weslaco, Texas. The listing notes proximity to schools, shopping centers, restaurants, and other area amenities.
For investors or owner-operators seeking a four-unit setup, this asset offers a mix of unit sizes within one controlled-access property, using consistent modern interior finishes such as quartz countertops, LED lighting, and tile flooring. The unit mix supports serving a range of tenant needs without changing the overall architectural and finish package across the building.
Key Highlights
- Brand new gated community (Pike Terrace) in Weslaco.
- Fourplex property with a mix of unit sizes (1, 2, and 3 bedroom units).
- Modern interiors feature tile flooring, a large kitchen island, and high‑end cabinets.
Local 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 |
