Weslaco 4-Plex Investment
For Sale
Contact for pricing
2602 Clearview Street, Weslaco, TX 78596
Fully leased 4-plex near medical center and highway.
Property Size3,848 SF
Price / SF$122.14
Days on Market628
Property Features for 2602 Clearview Street
General Information
Standard status
Active
Size
3,848 SF
Property subtype
Multifamily
Building Details
Year Built
2024
Listing Agency:
Vela Commercial Real Estate
Listed By:
Roy Vela · License #710077
Source:
Crexi
Added: Nov 9, 2024
Changed: Jul 6
Last Checked: Jul 29 at 8:14AM
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 Vela Commercial Real Estate
Investment Insights
Based on property information with market context.
This fully leased 4-plex property is located in Weslaco, TX, offering a gross yearly rental income of $50,400. The property's location provides significant traffic flow and visibility due to its proximity to Weslaco East High School, Knapp Medical Center, and Interstate 2. The property size is 3,848 square feet. This property is positioned to generate cash flow and financial stability.
Key Highlights
- Fully leased property generating $50,400 gross yearly rental income.
- Built in 2024.
- Located in Weslaco, TX, in a high‑traffic area with extreme potential growth.
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 | $54.0k | $14.04 |
| − Vacancy | −$6.0k | −$1.55 |
| EGI | $48.1k | $12.49 |
| − OpEx | −$14.4k | −$3.75 |
| NOI | $33.7k | $8.74 |
3,848 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$480.7K
$420.6K – $560.9K
NOI $33,651 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$442.6K
$387.3K – $516.4K
NOI $30,982 @ 7.0% cap · market cap 6.59%
Theoretical Best
Hotel Hospitality
$2.90M
$2.54M – $3.38M
NOI $202,886 @ 7.0% cap · market cap 43.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
833
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 - Fully leased 4-plex near medical center and highway.
Where is this quadplex located?
The property is located at 2602 Clearview Street Weslaco, TX.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Fully leased property generating $50,400 gross yearly rental income.; Built in 2024.; Located in Weslaco, TX, in a high‑traffic area with extreme potential growth.
