Leased Quadplex with Covered
For Sale
$458,000
2001 Taft Street, Weslaco, TX 78596
Mixed two- and three-bedroom layouts feature updated finishes within a gated Weslaco community.
Property Size4,212 SF
Days on Market25
Property Features for 2001 Taft Street
General Information
Standard status
Active
Size
4,212 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Taxes and HOA fees
Annual Taxes
$12,086
Building Details
Building Size
4,212 SF
Year Built
2020
Buildings
2
Stories
1
Units
4
Listing Agency:
Landin Realty
(956) 436-5193
Listed By:
Cynthia Landin · License #0711270
(956) 436-5193
Source:
Buyingandsellingmcallen
Added: Aug 6
Changed: Aug 27
Last Checked: Aug 28 at 11:32AM
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
Investment Insights
Based on property information with market context.
Located at 2001 Taft Street in Weslaco, this 2020-built quadplex comprises two 2BD/2BA residences and two 3BD/2BA residences. The property is 100% leased and positioned within a gated community, providing an established rental configuration with a balanced bedroom mix.
Each residence includes granite countertops, wood-look tile flooring, one tub, and one walk-in shower. Covered carport parking serves the units, while the exterior combines stone and stucco finishes. A second fourplex is available next to the property, creating a potential two-property portfolio of 8 total units.
Each residence includes granite countertops, wood-look tile flooring, one tub, and one walk-in shower. Covered carport parking serves the units, while the exterior combines stone and stucco finishes. A second fourplex is available next to the property, creating a potential two-property portfolio of 8 total units.
Key Highlights
- 100% leased quadplex at 2001 Taft Street, Weslaco, TX 78596
- Unit mix includes two 2BD/2BA units and two 3BD/2BA units
- Built in 2020 within a gated community
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
$36,834
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
8.04%
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%
$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
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
$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 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%
$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 8.04%
Second Best
Apartment 5plus
$484.5K
$423.9K – $565.2K
NOI $33,913 @ 7.0% cap · market cap 7.40%
Theoretical Best
Hotel Hospitality
$3.17M
$2.78M – $3.70M
NOI $222,078 @ 7.0% cap · market cap 48.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Mixed two- and three-bedroom layouts feature updated finishes within a gated Weslaco community.
Where is this quadplex located?
The property is located at 2001 Taft Street Weslaco, TX.
What is the asking price?
The asking price for this property is $458,000.
What are key features of this property?
This property features: 100% leased quadplex at 2001 Taft Street, Weslaco, TX 78596; Unit mix includes two 2BD/2BA units and two 3BD/2BA units; Built in 2020 within a gated community
