Newer Fourplex with
New
For Sale
$520,000
105 E Royal Palm Drive, Mercedes, TX 78570
Four three-bedroom residences include appliances and dedicated carport parking.
Property Size4,200 SF
Price / SF$123.81
Days on Market4
Property Features for 105 E Royal Palm Drive
General Information
Standard status
Active
Size
4,200 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$100
Amenities
Dryer
Microwave
Washer
Building Details
Building Size
4,200 SF
Year Built
2025
Buildings
2
Stories
1
Units
4
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan J. McDaniel
(956) 299-2111
Source:
Justrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:02AM
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 Effective Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2025, this fourplex contains four units, each configured with three bedrooms and two bathrooms. Appliances are included, and carports serve the units. The property totals 4,200 square feet.
The address is in Mercedes, Texas, with Expressway 83 approximately two minutes away. The Rio Grande Valley Outlets and Livestock Show Grounds are also identified as nearby destinations.
The address is in Mercedes, Texas, with Expressway 83 approximately two minutes away. The Rio Grande Valley Outlets and Livestock Show Grounds are also identified as nearby destinations.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,200‑square‑foot multifamily property
- Built in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,729
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,580
$734.6K
Cap Rate 7%
$524,700
$524.7K
Cap Rate 9%
$408,100
$408.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$59.0K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.5K $12.49/SF
− OpEx
−$15.7K −$3.75/SF
NOI
$36.7K $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%
$734,580
Cap Rate 7%
$524,700
Cap Rate 9%
$408,100
Alternative Uses
Best Use
Multifamily LT 5
$524.7K
$459.1K – $612.2K
NOI $36,729 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$483.1K
$422.7K – $563.6K
NOI $33,816 @ 7.0% cap · market cap 6.50%
Theoretical Best
Hotel Hospitality
$3.16M
$2.77M – $3.69M
NOI $221,445 @ 7.0% cap · market cap 42.59%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
270
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four three-bedroom residences include appliances and dedicated carport parking.
Where is this quadplex located?
The property is located at 105 E Royal Palm Drive Mercedes, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; 4,200‑square‑foot multifamily property; Built in 2025
