Leased Fourplex in Gated
For Sale
$448,000
1909 Taft St, Weslaco, TX 78596
Fully leased fourplex with two 2BD/2BA and two 3BD/2BA units, each with covered carport parking.
Property Size4,212 SF
Price / SF$106.36
Days on Market102
Property Features for 1909 Taft St
General Information
Standard status
Active
Size
4,212 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
2020
Tenancy
Multi
Listing Agency:
Landin Realty
Listed By:
Cynthia Landin · License #0711270
(956) 436-5193
Source:
Aregtx
Added: Jul 20
Changed: Oct 26
Last Checked: Oct 7 at 2:04PM
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 Landin Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully leased fourplex is located within a gated community and offers a flexible unit mix with two 2-bedroom, 2-bath units and two 3-bedroom, 2-bath units. Interiors include granite countertops, wood-look tile flooring, and a combination of one tub and one walk-in shower per unit. The property also features covered carport parking for residents, along with a stone and stucco exterior.
The listing notes that two fourplexes are available next to each other, providing the option to acquire a combined portfolio of 4 to 8 income-producing units.
As presented, the offering is structured for immediate income, with all units currently leased.
The listing notes that two fourplexes are available next to each other, providing the option to acquire a combined portfolio of 4 to 8 income-producing units.
As presented, the offering is structured for immediate income, with all units currently leased.
Key Highlights
- Fully leased fourplex in a gated community in Weslaco, TX
- Unit mix includes two 2BD/2BA units and two 3BD/2BA units
- Each unit features granite countertops and wood‑look tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,834
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,680
$736.7K
Cap Rate 7%
$526,200
$526.2K
Cap Rate 9%
$409,267
$409.3K
Market Conditions
NOI Build-Up for 4,212 SF
Gross rent
$59.1K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.6K $12.49/SF
− OpEx
−$15.8K −$3.75/SF
NOI
$36.8K $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%
$736,680
Cap Rate 7%
$526,200
Cap Rate 9%
$409,267
Alternative Uses
Best Use
Multifamily LT 5
$526.2K
$460.4K – $613.9K
NOI $36,834 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$484.5K
$423.9K – $565.2K
NOI $33,913 @ 7.0% cap · market cap 7.57%
Theoretical Best
Hotel Hospitality
$3.17M
$2.78M – $3.70M
NOI $222,078 @ 7.0% cap · market cap 49.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
325
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
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased fourplex with two 2BD/2BA and two 3BD/2BA units, each with covered carport parking.
Where is this quadplex located?
The property is located at 1909 Taft St Weslaco, TX.
What is the asking price?
The asking price for this property is $448,000.
What are key features of this property?
This property features: Fully leased fourplex in a gated community in Weslaco, TX; Unit mix includes two 2BD/2BA units and two 3BD/2BA units; Each unit features granite countertops and wood‑look tile flooring
