Fourplex with Two-Bed/Two-Bath
For Sale
$450,000
108 E 19th Street, Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
Property Size3,952 SF
Lot Size0.29 Acres
Price / SF$113.87
Days on Market64
Property Features for 108 E 19th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Exterior features
Mature Trees
Fencing
Chain Link, Privacy
Appliances
Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Coil
Subdivision
Weslaco Business Park
Lot features
Cul-De-Sac, Curb & Gutters, Mature Trees, Sidewalks
Elementary school
Margo
Middle school
Cuellar
High school
Weslaco H.S.
Elementary school district
Weslaco ISD
Middle school district
Weslaco ISD
High school district
Weslaco ISD
Directions
EAST ON EXPWY 83 , SOUTH ON TEXAS BLVD , EAST ON EAST 18th STREET , SOUTH ON ILLINOIS AVENUE , WEST ON EAST 19th STREET .
Standard status
Active
APN
W223200002000500
Size
3,952 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6988
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
washer & dryer connections
Building Details
Year built
2007
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Ronaldo Lacayo
(956) 578-5733
Added: Jun 17
Changed: Aug 13
Last Checked: Aug 19 at 8:06PM
MLS# 507347
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.
Investment Insights
Based on property information with market context.
A well-kept fourplex built in 2007 offering functional, repeatable unit layouts. Each unit features two bedrooms and two full bathrooms, along with a good-size kitchen and washer and dryer connections. Kitchen appliances included with the property: microwave, refrigerator, and electric stove/range, supported by an electric water heater. Heating is electric with central systems, and cooling is central electric.
Exterior features include brick construction, a composition roof, and mature trees on the property. The fourplex has been updated with a brand-new roof and fairly new air conditioners, providing a solid base for day-to-day operations. Parking is provided with two parking spaces per unit. Fencing includes privacy and chain link.
Located at 108 E 19th Street in Weslaco, TX 78596, the property is close to restaurants and major shopping centers, supporting tenant convenience.
Exterior features include brick construction, a composition roof, and mature trees on the property. The fourplex has been updated with a brand-new roof and fairly new air conditioners, providing a solid base for day-to-day operations. Parking is provided with two parking spaces per unit. Fencing includes privacy and chain link.
Located at 108 E 19th Street in Weslaco, TX 78596, the property is close to restaurants and major shopping centers, supporting tenant convenience.
Key Highlights
- 2007‑built brick fourplex with composition roof
- Two bedrooms and two full bathrooms per unit
- Washer and dryer connections in each unit
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
111
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Well-kept fourplex with two-bedroom, two-bath layouts, plus washer and dryer connections in each unit.
Where is this quadplex located?
The property is located at 108 E 19th Street 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: 2007‑built brick fourplex with composition roof; Two bedrooms and two full bathrooms per unit; Washer and dryer connections in each unit
