Brick Quadplex with Fenced
For Sale
$500,000
1630 Playa Drive, Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
Property Size4,200 SF
Lot Size0.23 Acres
Price / SF$119.05
Days on Market29
Property Features for 1630 Playa Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
None
Patio and Porch features
Patio
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
Subdivision
Ten Fifteen
Lot features
Curb & Gutters, Sidewalks
Elementary school
Margo
Middle school
Cuellar
High school
Weslaco East H.S.
Elementary school district
Weslaco ISD
Middle school district
Weslaco ISD
High school district
Weslaco ISD
Directions
From the Expressway, Exit 160, head right on the ramp for FM-1015 toward Intl Blvd. Turn right onto S International Blvd / FM-1015. Arrive at S International Blvd / FM-1015 on the left.
Standard status
Active
APN
T165000000000500
Size
4,200 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12621
HOA Fee
$400 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
appliances
fenced patio
Building Details
Year built
2023
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
Zapphire Real Estate Group
(956) 600-7494
Listed By:
Glenda Pecina
(956) 579-2276
Added: Jul 6
Changed: Aug 3
Last Checked: Aug 3 at 2:06AM
MLS# 508871
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.
This brick quadplex was built in 2023 and offers two 2-bedroom, 2-bath units and two 3-bedroom, 2-bath units. Each unit includes tile flooring and quartz countertops and is equipped with appliances such as a refrigerator, microwave, smooth electric cooktop, washer, dryer, and an electric water heater. Heating is central electric, and cooling is central air with electric service. Tenants have access to a patio, and each unit has a fenced outdoor area for added privacy. All four units are individually metered for water and electricity.
The property sits on a 0.233-acre lot and has a total building size of 4,200 square feet. Additional improvements include a composition roof and public water service.
With a compact, multi-unit configuration and individually metered utilities, this quadplex supports tenant convenience and helps simplify unit-level utility responsibility.
The property sits on a 0.233-acre lot and has a total building size of 4,200 square feet. Additional improvements include a composition roof and public water service.
With a compact, multi-unit configuration and individually metered utilities, this quadplex supports tenant convenience and helps simplify unit-level utility responsibility.
Key Highlights
- Two 2‑bedroom, 2‑bath units and two 3‑bedroom, 2‑bath units
- 0.233‑acre lot with 4,200 square feet total building size
- Built in 2023 with brick construction and a composition roof
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 | $59.0k | $14.04 |
| − Vacancy | −$6.5k | −$1.55 |
| EGI | $52.5k | $12.49 |
| − OpEx | −$15.7k | −$3.75 |
| NOI | $36.7k | $8.74 |
4,200 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$524.7K
$459.1K – $612.2K
NOI $36,729 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$483.1K
$422.7K – $563.6K
NOI $33,816 @ 7.0% cap · market cap 6.76%
Theoretical Best
Hotel Hospitality
$3.16M
$2.77M – $3.69M
NOI $221,445 @ 7.0% cap · market cap 44.29%
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
62
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 - Well-maintained brick fourplex built in 2023 with fenced patios and individually metered water and electricity.
Where is this quadplex located?
The property is located at 1630 Playa Drive Weslaco, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath units and two 3‑bedroom, 2‑bath units; 0.233‑acre lot with 4,200 square feet total building size; Built in 2023 with brick construction and a composition roof
