Mercedes Fourplex Investment
For Sale
$399,900
1046 Hidalgo Street, Mercedes, TX 78570
Fourplex in Mercedes, TX with modern interiors and private backyards.
Property Size3,132 SF
Price / SF$127.68
Days on Market306
Property Features for 1046 Hidalgo Street
General Information
Standard status
Active
Size
3,132 SF
Property subtype
Residential Income / Quadruplex
Taxes and HOA fees
Annual Taxes
$8,436
Amenities
Central Air
Central, Yes
Tile
Electric Water Heater, Tankless Water Heater, Water Heater (Laundry Room), Electric Cooktop, Dishwasher, Disposal, Refrigerator, Stove/Range
Yes
Laundry Closet, Washer/Dryer Connection
Ceiling Fan(s), Walk-In Closet(s)
Slab
No
Composition Shingle
Privacy, Wood
Energy Features (Double Pane Windows)
Outbuilding (None)
Other, Sprinkler System
Smoke Detector(s)
2
HardiPlank Type
Building Details
Year Built
2023
Listing Agency:
Exp Realty Llc
Listed By:
Arasely Esquivel · License #0636199
(956) 688-0631
Source:
Compass
Added: Dec 11, 2025
Changed: Oct 11
Last Checked: Oct 12 at 9:59PM
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
Estimated NOI and Cap Rate
NOI / Yr
$27,389
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,780
$547.8K
Cap Rate 7%
$391,271
$391.3K
Cap Rate 9%
$304,322
$304.3K
Market Conditions
NOI Build-Up for 3,132 SF
Gross rent
$44.0K $14.04/SF
− Vacancy
−$4.8K −$1.55/SF
EGI
$39.1K $12.49/SF
− OpEx
−$11.7K −$3.75/SF
NOI
$27.4K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,780
Cap Rate 7%
$391,271
Cap Rate 9%
$304,322
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 78570, TX
32,950
Population
10,701
Households
3.1
Avg Household Size
30
Median Age
12%
College-Educated
61%
High-School Grad
75.2 sq mi
ZIP Area
438
Density / Sq Mi
$39,890
Median Household Income
$22,648
Median Earnings
$686
Median Rent
$83,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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**
