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 Market115
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
Listed By:
Ronaldo Lacayo
(956) 566-8377
Source:
Aregtx
Added: Jun 22
Changed: Oct 4
Last Checked: Oct 7 at 1:29PM
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 / Yr
$34,560
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
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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
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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 - 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
