Two-Unit Duplex with
For Sale
$359,900
2422 N VALLEY CIRCLE, La Feria, TX 78559
Residential Income, LA FERIA, TX
Property Size2,298 SF
Lot Size0.12 Acres
Price / SF$156.61
Days on Market1174
Property Features for 2422 N VALLEY CIRCLE
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking features
Garage
Interior features
Ceiling Fan(s), Smoke Alarm(s)
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
BRIDGE ESTATES
Lot features
Curb & Gutter
Elementary school
VAIL
Middle school
GREEN
High school
LA FERIA
Elementary school district
LA FERIA I.S.D.
Middle school district
LA FERIA I.S.D.
High school district
LA FERIA I.S.D.
Standard status
Active
Size
2,298 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
2
Flooring type
Tile
Listing Agency:
EXP Realty, LLC
(888) 519-7431
Listed By:
Arasely Esquivel
(956) 688-0631
Added: Aug 8, 2023
Changed: Oct 22
Last Checked: Oct 24 at 11:06AM
MLS# 29742666
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. 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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex is under construction on a 0.12-acre lot. The building totals 2,298 square feet, with 1,149 square feet in each residence. Both units are designed with three bedrooms, two bathrooms and a one-car garage. Interior finishes include tile flooring and granite countertops in the kitchens and bathrooms, with ceiling fans and smoke alarms. Appliances include a range, microwave, refrigerator, washer and dryer. The property will also have partial fencing.
Central electric heating and cooling serve the units. Public water and public sewer are available.
Central electric heating and cooling serve the units. Public water and public sewer are available.
Key Highlights
- Two units, each with 1,149 square feet
- Each residence has 3 bedrooms, 2 bathrooms and a 1‑car garage
- 2,298‑square‑foot building on a 0.12‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,959
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,180
$379.2K
Cap Rate 7%
$270,843
$270.8K
Cap Rate 9%
$210,656
$210.7K
Market Conditions
NOI Build-Up for 2,298 SF
Gross rent
$29.0K $12.60/SF
− Vacancy
−$1.9K −$0.81/SF
EGI
$27.1K $11.79/SF
− OpEx
−$8.1K −$3.54/SF
NOI
$19.0K $8.25/SF
Area
Cameron County, TX
Vacancy
6.46%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,180
Cap Rate 7%
$270,843
Cap Rate 9%
$210,656
Alternative Uses
Best Use
Multifamily LT 5
$270.8K
$237.0K – $316.0K
NOI $18,959 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$248.4K
$217.3K – $289.8K
NOI $17,387 @ 7.0% cap · market cap 4.83%
Theoretical Best
Healthcare Medical
$395.7K
$346.2K – $461.6K
NOI $27,697 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 78559, TX
12,533
Population
5,047
Households
2.5
Avg Household Size
37
Median Age
14%
College-Educated
72%
High-School Grad
36.3 sq mi
ZIP Area
345
Density / Sq Mi
$48,117
Median Household Income
$31,927
Median Earnings
$985
Median Rent
$99,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a three-bedroom layout, a private garage and a package of household appliances.
Where is this duplex located?
The property is located at 2422 N VALLEY CIRCLE La Feria, TX.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two units, each with 1,149 square feet; Each residence has 3 bedrooms, 2 bathrooms and a 1‑car garage; 2,298‑square‑foot building on a 0.12‑acre lot
