4-Unit Loft Multifamily
1030 Jesse Street, Weslaco, TX 78596
For Sale
New
$489,500
Two separate buildings are fully leased, with four residential units in place.
Property Size5,168 SF
Price / SF$94.72
Days on Market7
Property Features for 1030 Jesse Street
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Split Bedrooms
Walk-In Closet(s)
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Allison & Murphy Signature Properties, LLC
Listed By:
Noel Arnoldo Flores
(956) 787-3536
Source:
Culturare
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 12 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Allison & Murphy Signature Properties, LLC
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Investment Insights
Based on property information with market context.
The multifamily property at 1030 Jesse Street in Weslaco comprises two buildings totaling 5,168 square feet. Built in 2022, the asset contains four loft-style units, each configured with two bedrooms and 2.5 bathrooms. The property is fully leased and includes additional land identified for potential future development.
Key Highlights
- Two multifamily buildings with four loft‑style units
- 5,168 square feet of building area
- Each unit has 2 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,610
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,200
$832.2K
Cap Rate 7%
$594,429
$594.4K
Cap Rate 9%
$462,333
$462.3K
Market Conditions
NOI Build-Up for 5,168 SF
Gross rent
$85.6K $16.56/SF
− Vacancy
−$9.9K −$1.92/SF
EGI
$75.7K $14.64/SF
− OpEx
−$34.0K −$6.59/SF
NOI
$41.6K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,200
Cap Rate 7%
$594,429
Cap Rate 9%
$462,333
Alternative Uses
Best Use
Apartment 5plus
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,257 @ 7.0% cap · market cap 26.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
99
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
$92,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Weslaco, TX
Properties on Market for Multifamily properties in Weslaco
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate buildings are fully leased, with four residential units in place.
Where is this multifamily property located?
The property is located at 1030 Jesse Street Weslaco, TX.
What is the asking price?
The asking price for this property is $489,500.
What are key features of this property?
This property features: Two multifamily buildings with four loft‑style units; 5,168 square feet of building area; Each unit has 2 bedrooms and 2.5 bathrooms
