Multifamily and Retail
136 North Texas Avenue Mercedes, TX 78570
136 North Texas Avenue, Mercedes, TX, 78570
$375,000
For Sale
$375,000
Residential Multi Family, Other - Mercedes, TX
Property Size2,240 SF
Lot Size0.09 Acres
Price / SF$167.41
Days on Market249
Property Features for 136 North Texas Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,240 SF
- Lot size
- 0.09 Acres
Building Details
- Year built
- 1980
- Architectural style
- Other
Listing Agency
NextHome RGV Realty
(956) 283-6338
5400 Ware Road., TX
Listed by
Joe Lee Hernandez · License #727782,PersonLicenseNumber
(956) 975-1983
Added: Nov 9, 2025 Checked: Jul 16 at 8:06 pm
MLS# 486573
Listing URL
Copyright © 2026 NextHome, Inc. 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 mixed-use property includes a nine-unit multi-family complex with efficiency-style apartments and two separate commercial storefront spaces with street frontage. The residential and retail components provide two revenue streams within one asset.
The property is located at 136 North Texas Avenue in Mercedes, Texas, positioned along N Texas Ave for visibility to passersby.
With a compact lot size of 0.09 acres and a total property size of 2,240 square feet, the building is designed to combine multi-family living units with retail/office-ready storefront space.
The property is located at 136 North Texas Avenue in Mercedes, Texas, positioned along N Texas Ave for visibility to passersby.
With a compact lot size of 0.09 acres and a total property size of 2,240 square feet, the building is designed to combine multi-family living units with retail/office-ready storefront space.
Key Highlights
- 9‑unit multi‑family complex with efficiency‑style apartments
- Two‑door commercial storefront with two street‑front retail spaces
- Multi‑use income property with both residential units and commercial storefront rentals
Local Financial Insights For Retail
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 | $46.0k | $20.52 |
| − Vacancy | −$2.8k | −$1.23 |
| EGI | $43.2k | $19.29 |
| − OpEx | −$13.0k | −$5.79 |
| NOI | $30.2k | $13.50 |
2,240 SF · lease $20.52/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$257.6K
$225.4K – $300.6K
NOI $18,035 @ 7.0% cap · market cap 4.81%
Theoretical Best
Hotel Hospitality
$1.69M
$1.48M – $1.97M
NOI $118,104 @ 7.0% cap · market cap 31.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Mixed-use property with nine residential units and two street-front storefronts on North Texas Avenue.
Where is this apartment building located?
The property is located at 136 North Texas Avenue Mercedes, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 9‑unit multi‑family complex with efficiency‑style apartments; Two‑door commercial storefront with two street‑front retail spaces; Multi‑use income property with both residential units and commercial storefront rentals
