Well-Maintained 4-Plex
For Sale
$465,000
2000 W Harrison St, Weslaco, TX 78599
Four move-in-ready units with in-unit kitchen and laundry room appliances, including two 3-bed/2-bath and two 2-bed/2-bath layouts.
Property Size4,181 SF
Price / SF$111.22
Days on Market56
Property Features for 2000 W Harrison St
General Information
Standard status
Active
Size
4,181 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$13,409
Listing Agency:
Realty One Group, Modern Edge
(956) 908-0325
Listed By:
Connie Uribe · License #TREC#0703309
(956) 908-0325
Source:
Exprealty
Added: Jul 6
Changed: Aug 25
Last Checked: Aug 29 at 3:21PM
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 Realty One Group, Modern Edge
Investment Insights
Based on property information with market context.
This well-maintained 4-plex features four spacious, move-in-ready units. Two units offer 3 bedrooms and 2 bathrooms, while the other two offer 2 bedrooms and 2 bathrooms. The property is presented as pride-of-ownership and includes kitchen and laundry room appliances in each unit. The floor plans are designed to provide comfortable living spaces with a contemporary blend of style.
The property is located within the gated Villages at Westgate community in Weslaco, Texas. It is described as being conveniently positioned near restaurants, shopping, and an expressway, supporting easy access for day-to-day commuting.
Each unit is highlighted as well maintained, with all appliances included, making the building suited for buyers seeking an income-producing multifamily property with ready-to-occupy units.
The property is located within the gated Villages at Westgate community in Weslaco, Texas. It is described as being conveniently positioned near restaurants, shopping, and an expressway, supporting easy access for day-to-day commuting.
Each unit is highlighted as well maintained, with all appliances included, making the building suited for buyers seeking an income-producing multifamily property with ready-to-occupy units.
Key Highlights
- 2019‑built 4‑plex in the gated Villages at Westgate community in Weslaco
- Four move‑in‑ready units with kitchen and laundry room appliances included
- Unit mix: two 3 bed/2 bath units plus two 2 bed/2 bath units
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
$36,563
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
7.86%
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%
$731,260
$731.3K
Cap Rate 7%
$522,329
$522.3K
Cap Rate 9%
$406,256
$406.3K
Market Conditions
NOI Build-Up for 4,181 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
$58.7K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.2K $12.49/SF
− OpEx
−$15.7K −$3.75/SF
NOI
$36.6K $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%
$731,260
Cap Rate 7%
$522,329
Cap Rate 9%
$406,256
Alternative Uses
Best Use
Multifamily LT 5
$522.3K
$457.0K – $609.4K
NOI $36,563 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$480.9K
$420.8K – $561.1K
NOI $33,663 @ 7.0% cap · market cap 7.24%
Theoretical Best
Hotel Hospitality
$3.15M
$2.76M – $3.67M
NOI $220,443 @ 7.0% cap · market cap 47.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 78599, TX
32,500
Population
9,945
Households
3.3
Avg Household Size
29
Median Age
16%
College-Educated
67%
High-School Grad
26.5 sq mi
ZIP Area
1,226
Density / Sq Mi
$55,939
Median Household Income
$27,841
Median Earnings
$954
Median Rent
$113,300
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 - Four move-in-ready units with in-unit kitchen and laundry room appliances, including two 3-bed/2-bath and two 2-bed/2-bath layouts.
Where is this quadplex located?
The property is located at 2000 W Harrison St Weslaco, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2019‑built 4‑plex in the gated Villages at Westgate community in Weslaco; Four move‑in‑ready units with kitchen and laundry room appliances included; Unit mix: two 3 bed/2 bath units plus two 2 bed/2 bath units
