Mercedes Fourplex Investment
1046 Hidalgo Street Mercedes, TX 78570
For Sale
Contact for pricing
Fourplex in Mercedes, TX with modern interiors and private backyards.
Property Size3,132 SF
Price / SF$127.68
Days on Market73
Property Features for 1046 Hidalgo Street
General Information
- Standard status
- Active
- Size
- 3,132 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing Agency:
EXP Realty, LLC
Listed By:
Arasely Esquivel · License #TX
Source:
Crexi
Added: May 12
Changed: Jul 10
Last Checked: Jul 23 at 3:13PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This fourplex in Mercedes, Texas, presents an investment opportunity. The property consists of two units with 2 bedrooms and 2 bathrooms each, and two units with 1 bedroom and 1 bathroom each. All units include kitchen appliances. Interior features include wood-look tile flooring, quartz countertops, and modern fixtures. Each unit also has a dedicated laundry area and a private backyard. The property is located within minutes of the highway and grocery stores. The property size is 3,132 square feet.
Key Highlights
- Prime Mercedes location offers investment opportunity
- Fourplex includes two 2‑bedroom/2‑bathroom units and two 1‑bedroom/1‑bathroom units
- Each unit features a private backyard and dedicated laundry area
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 | $44.0k | $14.04 |
| − Vacancy | −$4.8k | −$1.55 |
| EGI | $39.1k | $12.49 |
| − OpEx | −$11.7k | −$3.75 |
| NOI | $27.4k | $8.74 |
3,132 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.3K
$342.4K – $456.5K
NOI $27,389 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$360.2K
$315.2K – $420.3K
NOI $25,217 @ 7.0% cap · market cap 6.31%
Theoretical Best
Hotel Hospitality
$2.36M
$2.06M – $2.75M
NOI $165,135 @ 7.0% cap · market cap 41.29%
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 - Fourplex in Mercedes, TX with modern interiors and private backyards.
Where is this quadplex located?
The property is located at 1046 Hidalgo Street Mercedes, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Prime Mercedes location offers investment opportunity; Fourplex includes two 2‑bedroom/2‑bathroom units and two 1‑bedroom/1‑bathroom units; Each unit features a **private backyard and dedicated laundry area**
