Well-Maintained Fourplex For
For Sale
$450,000
108 E 19th St, Weslaco, TX 78596
A maintained fourplex with 2-bedroom, 2-bath units, updated roof and HVAC, and parking for each unit.
Property Size3,952 SF
Price / SF$113.87
Days on Market70
Property Features for 108 E 19th St
General Information
Standard status
Active
Size
3,952 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
2007
Listing Agency:
Keller Williams Realty RGV
(956) 566-8377
Listed By:
Ronaldo Lacayo
Source:
Aregtx
Added: Jun 22
Changed: Aug 24
Last Checked: Aug 29 at 12:05PM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This well-kept fourplex features a functional floor plan across its units, with each unit offering 2 bedrooms and 2 full bathrooms. The kitchen is a good size and includes kitchen appliances that convey, and each unit has washer and dryer connections. The property also has a brand new roof, along with fairly new air conditioners, supporting day-to-day operational reliability.
Each unit is provided with 2 parking spaces, which helps reduce resident parking friction. The property is located very close to restaurants and major shopping centers, placing everyday needs and amenities within easy reach.
For investors and owners seeking a straightforward residential income asset, the combination of well-maintained condition and multiple unit layouts can support practical leasing and management. With updated exterior and HVAC components and included kitchen appliances, the building is positioned to appeal to buyers looking for a four-unit property that is ready to operate with minimal immediate concerns.
Each unit is provided with 2 parking spaces, which helps reduce resident parking friction. The property is located very close to restaurants and major shopping centers, placing everyday needs and amenities within easy reach.
For investors and owners seeking a straightforward residential income asset, the combination of well-maintained condition and multiple unit layouts can support practical leasing and management. With updated exterior and HVAC components and included kitchen appliances, the building is positioned to appeal to buyers looking for a four-unit property that is ready to operate with minimal immediate concerns.
Key Highlights
- Fourplex built in 2007 with 2‑bedroom, 2‑bath units
- Units include a kitchen with all kitchen appliances conveying and washer/dryer connections
- Bran new roof on the fourplex and fairly new air conditioners
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,560
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$691,200
$691.2K
Cap Rate 7%
$493,714
$493.7K
Cap Rate 9%
$384,000
$384.0K
Market Conditions
NOI Build-Up for 3,952 SF
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.
Gross rent
$55.5K $14.04/SF
− Vacancy
−$6.1K −$1.55/SF
EGI
$49.4K $12.49/SF
− OpEx
−$14.8K −$3.75/SF
NOI
$34.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$691,200
Cap Rate 7%
$493,714
Cap Rate 9%
$384,000
Alternative Uses
Best Use
Multifamily LT 5
$493.7K
$432.0K – $576.0K
NOI $34,560 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$454.6K
$397.7K – $530.3K
NOI $31,819 @ 7.0% cap · market cap 7.07%
Theoretical Best
Hotel Hospitality
$2.98M
$2.60M – $3.47M
NOI $208,369 @ 7.0% cap · market cap 46.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 78596, TX
37,329
Population
15,824
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
75%
High-School Grad
40.1 sq mi
ZIP Area
931
Density / Sq Mi
$53,797
Median Household Income
$31,618
Median Earnings
$917
Median Rent
$92,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - A maintained fourplex with 2-bedroom, 2-bath units, updated roof and HVAC, and parking for each unit.
Where is this quadplex located?
The property is located at 108 E 19th St Weslaco, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fourplex built in 2007 with 2‑bedroom, 2‑bath units; Units include a kitchen with all kitchen appliances conveying and washer/dryer connections; Bran new roof on the fourplex and fairly new air conditioners
