4-Unit Quadplex with
For Sale
$520,000
105 E Royal Palm Dr., Mercedes, TX 78570
Residential Income, Mercedes, TX
Property Size4,400 SF
Lot Size0.23 Acres
Price / SF$118.18
Days on Market114
Property Features for 105 E Royal Palm Dr.
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
RES
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 7, Bedroom 12, Bedroom 8, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 11, Bedroom 6, Bathroom 4, Bathroom 7, Bathroom 5, Bedroom 3, Bedroom 10, Bedroom 2, Bathroom 1, Bedroom 9, Bedroom 5, Bathroom 6, Bathroom 8, Bathroom 3
Parking features
Carport
Interior features
Kitchen Island, Washer/Dryer Hook-up
Exterior features
Fence
Fencing
Fenced
Appliances
Microwave, Refrigerator, Washer/Dryer
Subdivision
Summer Breeze
Lot features
Undeveloped ( Other)
Standard status
Active
Size
4,400 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
100
Building Details
Year built
2025
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Stucco
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan McDaniel
(956) 299-2111
Added: Jun 23
Changed: Oct 14
Last Checked: Oct 14 at 2:06PM
MLS# 106447
Copyright © 2026 South Padre Island Board 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.
Investment Insights
Based on property information with market context.
This four-unit residential property contains 4,400 square feet on a 0.2328-acre parcel. Each unit is configured with three bedrooms and two bathrooms. Features include tile flooring, kitchen islands, washer/dryer hookups, and carport parking; the property is fenced and has stucco construction.
At 105 E Royal Palm Dr. in Mercedes, the property is two minutes from Expressway 83. The Livestock Show Grounds and Rio Grande Valley Outlets are also nearby. The zoning designation is RES.
At 105 E Royal Palm Dr. in Mercedes, the property is two minutes from Expressway 83. The Livestock Show Grounds and Rio Grande Valley Outlets are also nearby. The zoning designation is RES.
Key Highlights
- Four units, each with a three‑bedroom, two‑bath layout
- 4,400 square feet on a 0.2328‑acre parcel
- Carports and fencing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,478
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,560
$769.6K
Cap Rate 7%
$549,686
$549.7K
Cap Rate 9%
$427,533
$427.5K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$61.8K $14.04/SF
− Vacancy
−$6.8K −$1.55/SF
EGI
$55.0K $12.49/SF
− OpEx
−$16.5K −$3.75/SF
NOI
$38.5K $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%
$769,560
Cap Rate 7%
$549,686
Cap Rate 9%
$427,533
Alternative Uses
Best Use
Multifamily LT 5
$549.7K
$481.0K – $641.3K
NOI $38,478 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$506.1K
$442.8K – $590.4K
NOI $35,426 @ 7.0% cap · market cap 6.81%
Theoretical Best
Hotel Hospitality
$3.31M
$2.90M – $3.87M
NOI $231,990 @ 7.0% cap · market cap 44.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
154
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
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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 - Each residence has three bedrooms, two bathrooms, appliances, and a carport.
Where is this quadplex located?
The property is located at 105 E Royal Palm Dr. 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 a three‑bedroom, two‑bath layout; 4,400 square feet on a 0.2328‑acre parcel; Carports and fencing
