Brand-New Fourplex Rental
205 E Royal Palm Dr., Mercedes, TX 78570
New
MULTI_FAMILY - Mercedes, TX
Property size:
4,400 SFLot size:
0.23 AcresPrice / SF:
$115/SF- Added:
- Jun 23, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 24 at 11:06 am
Property Features for 205 E Royal Palm Dr.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- RES
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bathroom 6, Bedroom 2, Bedroom 9, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 11, Bathroom 3, Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bathroom 8, Bedroom 10, Bedroom 12, Bathroom 5, Bathroom 4, Bathroom 7, Bedroom 1
- Parking features
- Carport
- Interior features
- Kitchen Island, Washer/Dryer Hook-up
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- Microwave, Refrigerator, Washer/Dryer
- Standard status
- Active
- Size
- 4,400 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 100
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- Stucco
Listing agent Ryan McDaniel (956) 299-2111
Listing office Effective Real Estate 1817 Padre Blvd, Ste 3, Mcallen, TX (956) 322-8522
Listing date Jun 23, 2026
MLS# 106447
Listing URL
Copyright © 2026 South Padre Island Board 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.
HighLights
- Brand‑new fourplex in Mercedes, TX (fully built and rent‑ready) with Year Built 2025 stucco construction
- Four units with matching 3‑bedroom, 2‑bath layouts
- Appliances included in each unit: microwave, refrigerator, and washer/dryer
- Each unit includes a carport and fenced exterior with stucco and tile flooring
- Kitchen island plus washer/dryer hook‑up provided
Overview
This brand-new fourplex is fully built and rent-ready, designed for low-maintenance, contemporary living. The property consists of four separate units, each offering a spacious 3-bedroom, 2-bath layout with a single-family-style feel and privacy. Appliances and carports are included, supporting an efficient, turnkey setup for day-one occupancy.
The property is located at 205 E Royal Palm Dr. in Mercedes, Texas, with quick access to Expressway 83, approximately two minutes away. It sits in a quiet neighborhood near the Livestock Show Grounds and the Rio Grande Valley Outlets.
For investors or owner-occupants, the four distinct 3-bedroom, 2-bath configurations can help create flexible living or leasing arrangements within one community-style asset. With appliances and carports already in place, the property is positioned for straightforward transition to management or resident occupancy. The overall setup makes it well-suited for buyers seeking a newly completed multifamily offering rather than a renovation project.
The property is located at 205 E Royal Palm Dr. in Mercedes, Texas, with quick access to Expressway 83, approximately two minutes away. It sits in a quiet neighborhood near the Livestock Show Grounds and the Rio Grande Valley Outlets.
For investors or owner-occupants, the four distinct 3-bedroom, 2-bath configurations can help create flexible living or leasing arrangements within one community-style asset. With appliances and carports already in place, the property is positioned for straightforward transition to management or resident occupancy. The overall setup makes it well-suited for buyers seeking a newly completed multifamily offering rather than a renovation project.
Local 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 | $61.8k | $14.04 |
| − Vacancy | −$6.8k | −$1.55 |
| EGI | $55.0k | $12.49 |
| − OpEx | −$16.5k | −$3.75 |
| NOI | $38.5k | $8.74 |
4,400 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.7K
$481.0K – $641.3K
NOI $38,478 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$506.1K
$442.8K – $590.4K
NOI $35,426 @ 7.0% cap · market cap 6.95%
Theoretical Best
Hotel Hospitality
$3.31M
$2.90M – $3.87M
NOI $231,990 @ 7.0% cap · market cap 45.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Mercedes
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.90747
- Latitude
- 26.1617753
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Turnkey fourplex with four rent-ready 3-bedroom, 2-bath units and included appliances and carports.
Where is this quadplex located?
The property is located at 205 E Royal Palm Dr. Mercedes, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Brand‑new fourplex in Mercedes, TX (fully built and rent‑ready) with Year Built 2025 stucco construction; Four units with matching 3‑bedroom, 2‑bath layouts; Appliances included in each unit: microwave, refrigerator, and washer/dryer
