New Gated Fourplex
612 Oriole Road, Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
Property size:
4,080 SFLot size:
0.21 AcresPrice / SF:
$114/SF- Added:
- Jan 31, 2026
- Days on Market:
- 118
- Last Refresh:
- May 29 at 10:06 pm
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 Jan 31, 2026
MLS# 459470
Listing URL
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.
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.
- Quartz countertops and LED lighting throughout.
- Main bedroom features a large walk‑in closet and glass shower door in the main bathroom.
- Convenient location near schools, shopping, and restaurants.
Overview
Located in Weslaco, Texas, this property is part of the brand new gated community of Pike Terrace, situated at the corner of Pike Blvd and Milano Rd. This fourplex subdivision features a mix of unit sizes, including one one-bedroom unit, two two-bedroom/two-bath units, and one three-bedroom/two-bath unit. The units feature modern tile flooring, a large island in the kitchen, and high-end cabinets. Attention to detail is evident throughout, with quartz countertops and LED lighting. The main bedroom includes a large walk-in closet, and the main bathroom features a glass shower door. The property is conveniently located close to good schools, shopping centers, restaurants, and various other amenities. The property size is 4,080 square feet on a lot of 0.2149 acres. This property presents a great opportunity for investors.
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 |
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 7.61%
Second Best
Apartment 5plus
$469.3K
$410.6K – $547.5K
NOI $32,850 @ 7.0% cap · market cap 7.00%
Theoretical Best
Hotel Hospitality
$3.07M
$2.69M – $3.59M
NOI $215,118 @ 7.0% cap · market cap 45.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.017105
- Latitude
- 26.168829
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - New fourplex community with modern features in Weslaco, Texas.
Where is this quadplex located?
The property is located at 612 Oriole Road Weslaco, TX.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 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.
