Fourplex with
105 E Royal Palm Drive, Mercedes, TX 78570
For Sale
$520,000
Residential Income, Mercedes, TX
Property Size4,200 SF
Lot Size0.23 Acres
Price / SF$123.81
Days on Market129
Property Features for 105 E Royal Palm Drive
General Information
Property type
Property subtype
Property condition
Parking
Parking features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
HOA Fee
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan J. Mcdaniel
(956) 299-2111
Added: Jul 7
Changed: Oct 16
Last Checked: Nov 12 at 7:06PM
MLS# 494892
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2025 fourplex contains 4,200 square feet across four residences, each configured with 3 bedrooms and 2 bathrooms. Stucco construction, central heating and cooling, and public water serve the property. Each unit includes a washer, dryer, microwave, refrigerator, and stove/range, along with carport parking. The parcel encompasses 0.2328 acres.
The property is approximately two minutes from Expressway 83 and is near the Livestock Show Grounds and Rio Grande Valley Outlets. The address is 105 E Royal Palm Drive in Mercedes, Texas.
The property is approximately two minutes from Expressway 83 and is near the Livestock Show Grounds and Rio Grande Valley Outlets. The address is 105 E Royal Palm Drive in Mercedes, Texas.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,200 square feet on a 0.2328‑acre parcel
- Carports and washer, dryer, microwave, refrigerator, and stove/range included
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
Office A
$1.48M
$1.29M – $1.72M
NOI $103,421 @ 7.0% cap · market cap 19.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
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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
$83,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Hidalgo County, TX
Properties on Market for Quadplexes in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four three-bedroom residences feature two bathrooms apiece, with appliances and carports included.
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 feet on a 0.2328‑acre parcel; Carports and washer, dryer, microwave, refrigerator, and stove/range included
