Brick
New
For Sale
$280,000
212 2nd Street, La Joya, TX 78560
Two 2-bedroom, 1-bath apartments are described within the four-unit property.
Property Size1,508 SF
Price / SF$185.68
Days on Market2
Property Features for 212 2nd Street
General Information
Standard status
Active
Size
1,508 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,342
Amenities
Tile
false
Ceiling Fan(s),Microwave
Wood
6899.904
8
57x120
0.1584
No Garage
Other
Slab
1508
2
Building Details
Building Size
1,508 SF
Year Built
1992
Stories
2
Construction
brick
Listing Agency:
(956) 539-7317
Listed By:
Cascia Diaz
Source:
Cncrealtyrgv
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:10AM
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 Cascia Diaz
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,508-square-foot brick fourplex was built in 1992. Two of its apartments are described as having two bedrooms and one bathroom each. Interior features include tile, ceiling fans, and a microwave.
The property is described as being near major highways and schools in La Joya, Texas.
The property is described as being near major highways and schools in La Joya, Texas.
Key Highlights
- 1,508‑square‑foot brick fourplex
- Two 2‑bedroom, 1‑bath units described
- Built in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,187
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,740
$263.7K
Cap Rate 7%
$188,386
$188.4K
Cap Rate 9%
$146,522
$146.5K
Market Conditions
NOI Build-Up for 1,508 SF
Gross rent
$21.2K $14.04/SF
− Vacancy
−$2.3K −$1.55/SF
EGI
$18.8K $12.49/SF
− OpEx
−$5.7K −$3.75/SF
NOI
$13.2K $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%
$263,740
Cap Rate 7%
$188,386
Cap Rate 9%
$146,522
Alternative Uses
Best Use
Multifamily LT 5
$188.4K
$164.8K – $219.8K
NOI $13,187 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$173.5K
$151.8K – $202.4K
NOI $12,142 @ 7.0% cap · market cap 4.34%
Theoretical Best
Hotel Hospitality
$1.14M
$993.9K – $1.33M
NOI $79,509 @ 7.0% cap · market cap 28.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 78560, TX
4,815
Population
1,777
Households
2.7
Avg Household Size
32
Median Age
20%
College-Educated
66%
High-School Grad
14.2 sq mi
ZIP Area
339
Density / Sq Mi
$51,739
Median Household Income
$40,971
Median Earnings
$776
Median Rent
$114,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two 2-bedroom, 1-bath apartments are described within the four-unit property.
Where is this quadplex located?
The property is located at 212 2nd Street La Joya, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,508‑square‑foot brick fourplex; Two 2‑bedroom, 1‑bath units described; Built in 1992
