Brick Triplex on
19310 N Mile 6 Road W, Elsa, TX 78543
For Sale
$360,000
Residential Income, Elsa, TX
Property Size2,190 SF
Lot Size1.91 Acres
Price / SF$164.38
Days on Market211
Property Features for 19310 N Mile 6 Road W
General Information
Property type
Property subtype
Parking features
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Elvira Perez
(956) 648-1539
Added: Apr 15
Changed: Aug 31
Last Checked: Nov 11 at 12:06AM
MLS# 491325
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.
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Investment Insights
Based on property information with market context.
This 1995-built triplex contains 2,190 square feet across three residential units and sits on a 1.91-acre parcel. Brick construction, a shingle roof, central heating, and central air conditioning are among the documented property features. An electric water heater serves the building, while the site has no listed parking improvements.
The property is located at 19310 N Mile 6 Road W in Elsa, Hidalgo County, Texas, within ZIP code 78543. The substantial land area extends beyond the building footprint and is identified as having potential for future development, although no specific development plan or entitlement is provided.
The property is located at 19310 N Mile 6 Road W in Elsa, Hidalgo County, Texas, within ZIP code 78543. The substantial land area extends beyond the building footprint and is identified as having potential for future development, although no specific development plan or entitlement is provided.
Key Highlights
- Three‑unit triplex on 1.91 acres
- 2,190 square feet of building area
- Built in 1995 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,151
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,020
$383.0K
Cap Rate 7%
$273,586
$273.6K
Cap Rate 9%
$212,789
$212.8K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$30.7K $14.04/SF
− Vacancy
−$3.4K −$1.55/SF
EGI
$27.4K $12.49/SF
− OpEx
−$8.2K −$3.75/SF
NOI
$19.2K $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%
$383,020
Cap Rate 7%
$273,586
Cap Rate 9%
$212,789
Alternative Uses
Best Use
Multifamily LT 5
$273.6K
$239.4K – $319.2K
NOI $19,151 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$251.9K
$220.4K – $293.9K
NOI $17,633 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$770.4K
$674.1K – $898.8K
NOI $53,927 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
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Business Placement
Demographics for 78543, TX
7,535
Population
3,018
Households
2.5
Avg Household Size
33
Median Age
9%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
1,177
Density / Sq Mi
$47,657
Median Household Income
$30,960
Median Earnings
$759
Median Rent
$85,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Hidalgo County, TX
Properties on Market for Triplexes in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with central heating and cooling on a substantial land parcel.
Where is this triplex located?
The property is located at 19310 N Mile 6 Road W Elsa, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Three‑unit triplex on 1.91 acres; 2,190 square feet of building area; Built in 1995 with brick construction
