105 E Royal Palm Drive, Mercedes, TX 78570
MULTI_FAMILY - Mercedes, TX
- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 6:06 am
Property Features for 105 E Royal Palm Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 8
- Parking features
- Other
- Appliances
- Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- S685100000005600
- Size
- 4,400 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 100
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
Listing agent Ryan J. Mcdaniel (956) 299-2111
Listing office Effective Real Estate 2212 Primrose Ave., McAllen, TX (956) 322-8522
Listing date Jul 7, 2026
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.
HighLights
- New construction (2025) fourplex in Mercedes, TX, reported as fully built and rent‑ready
- Four units total, each with a 3‑bedroom and 2‑bath single‑family‑style layout
- Central heating and central air in all units
- Appliances included in all units: electric water heater, washer, dryer, microwave, refrigerator, and stove/range
- Public water source
- Each unit includes a carport
Overview
The property is located at 105 E Royal Palm Drive in Mercedes, Texas, with quick access to Expressway 83 about two minutes away. It is situated in a quieter neighborhood setting near the Livestock Show Grounds and the Rio Grande Valley Outlets, balancing accessibility with a residential feel.
For investors or owner-occupants, the combination of a fully constructed, income-oriented four-unit structure and included appliances and carports can simplify operations from day one. The consistent unit mix across all four homes may also appeal to buyers seeking straightforward management of similar layouts while leveraging a contemporary, ready-to-lease configuration.
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 | $61.8k | $14.04 |
| − Vacancy | −$6.8k | −$1.55 |
| EGI | $55.0k | $12.49 |
| − OpEx | −$16.5k | −$3.75 |
| NOI | $38.5k | $8.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mercedes
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.906997
- Latitude
- 26.161771
