New Fourplex Near
807 E Starr Street Mercedes, TX 78570
For Sale
$420,000
MULTI_FAMILY - Mercedes, TX
Property Size4,050 SF
Lot Size0.23 Acres
Price / SF$103.70
Days on Market146
Property Features for 807 E Starr Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Garage, Other
- Exterior features
- Sprinkler System
- Appliances
- Water Heater (Laundry Room), Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- D165000000000100
- Size
- 4,050 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Composition
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Irving N. Kim · License #693229
(956) 520-4573
Added: Mar 2
Changed: Jun 10
Last Checked: Jul 26 at 5:06PM
MLS# 484006
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 new fourplex property is conveniently located near the expressway and a short drive from the Rio Grande Valley Premium Outlets. The multifamily property features a contemporary open-concept layout with wood-like tile flooring throughout. The kitchens are equipped with custom ceiling-high cabinets, quartz countertops, and an expansive island with ample cabinet space. The bedrooms are generously sized and include large closets, with the master bedroom featuring a spacious bathroom and closet. Each of the four units includes a private fenced backyard. Each unit is equipped with a new refrigerator, stove, microwave, washer, and dryer. Eight carport spaces are available. The property is located in Mercedes, Texas, in Hidalgo County. The lot size is 0.2296 acres, and the property size is 4050 square feet. Tenants will be responsible for their own utilities, offering immediate cash flow potential.
Key Highlights
- Brand‑new 4‑plex built in 2024 with stucco exterior and a composition roof
- Each unit has a private fenced backyard
- Open‑concept layouts with wood‑like tile flooring throughout
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 | $56.9k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $50.6k | $12.49 |
| − OpEx | −$15.2k | −$3.75 |
| NOI | $35.4k | $8.74 |
4,050 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$506.0K
$442.7K – $590.3K
NOI $35,417 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$465.8K
$407.6K – $543.5K
NOI $32,608 @ 7.0% cap · market cap 7.76%
Theoretical Best
Hotel Hospitality
$3.05M
$2.67M – $3.56M
NOI $213,536 @ 7.0% cap · market cap 50.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - New fourplex near expressway with modern amenities and private backyards.
Where is this quadplex located?
The property is located at 807 E Starr Street Mercedes, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Brand‑new 4‑plex built in 2024 with stucco exterior and a composition roof; Each unit has a private fenced backyard; Open‑concept layouts with wood‑like tile flooring throughout
