Under Construction
For Sale
$469,999
700 Oriole Road, Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
Property Size4,080 SF
Lot Size0.21 Acres
Price / SF$115.20
Days on Market73
Property Features for 700 Oriole Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
8
Parking features
None
Exterior features
Sprinkler System
Appliances
Electric Water Heater, No Conveying Appliances
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
Active
APN
P677500000000800
Size
4,080 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2419
HOA Fee
$600 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
gated community
Building Details
Year built
2024
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: May 24
Changed: Jul 31
Last Checked: Aug 4 at 7:06AM
MLS# 477983
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.
Newly constructed fourplex under construction in Weslaco, within a gated community identified as Pike Terrace. The property is planned as two buildings with a unit mix of one-, two-, and three-bedroom residences. Exterior materials include stucco, and the roof is shingle.
The building is served by public water and includes central heating and central air conditioning. An exterior sprinkler system is listed among the exterior features. The property is scheduled for completion as a 2024 build.
The information also reflects an electric water heater, and no appliances are set to convey. Parking is listed as none.
The building is served by public water and includes central heating and central air conditioning. An exterior sprinkler system is listed among the exterior features. The property is scheduled for completion as a 2024 build.
The information also reflects an electric water heater, and no appliances are set to convey. Parking is listed as none.
Key Highlights
- Two‑building fourplex planned with one-, two-, and three‑bedroom unit mix
- Under construction with year built 2024
- Central heating and central air
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 7.59%
Second Best
Apartment 5plus
$469.3K
$410.6K – $547.5K
NOI $32,850 @ 7.0% cap · market cap 6.99%
Theoretical Best
Hotel Hospitality
$3.07M
$2.69M – $3.59M
NOI $215,118 @ 7.0% cap · market cap 45.77%
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 - New fourplex under construction in a gated community setting with central HVAC, public water, and sprinkler system exterior.
Where is this quadplex located?
The property is located at 700 Oriole Road Weslaco, TX.
What is the asking price?
The asking price for this property is $469,999.
What are key features of this property?
This property features: Two‑building fourplex planned with one-, two-, and three‑bedroom unit mix; Under construction with year built 2024; Central heating and central air
