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    Mercedes Fourplex Investment Opportunity Title is generated by Realmo AI

    1046 Hidalgo Street, Mercedes, TX 78570

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    Fourplex in Mercedes, TX with modern interiors and private backyards.

    Type:Multifamily
    Property size:
    3,132 SF
    Price / SF:
    $127/SF
    Added:
    May 12, 2026
    Days on Market:
    28
    Last Refresh:
    May 14 at 9:04 pm

    Property Features for 1046 Hidalgo Street

    General Information

    Standard status
    Active
    Size
    3,132 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2023

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    Listing Contact
    Arasely Esquivel

    Listing agent Arasely Esquivel License #TX

    Listing office EXP Realty, LLC

    Listing date May 12, 2026

    Source Crexi

    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

    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
    • Interiors boast wood‑look tile flooring and quartz countertops
    • Kitchen appliances are included in all units
    • Built in 2023

    Overview

    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.

    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 $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 (±1% cap)
    NOI $27,389 @ 7.0% cap · market cap 6.85%
    Second Best
    Apartment 5plus
    $360.2K
    $315.2K – $420.3K (±1% cap)
    NOI $25,217 @ 7.0% cap · market cap 6.31%
    Theoretical Best
    Hotel Hospitality
    $2.36M
    $2.06M – $2.75M (±1% cap)
    NOI $165,135 @ 7.0% cap · market cap 41.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.921182
    Latitude
    26.152708

    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**
    More about this property
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