Under-Construction
For Sale
$499,000
2705 Robin Road, Weslaco, TX 78596
Residential Income, Weslaco, TX
Property Size4,502 SF
Lot Size0.23 Acres
Price / SF$110.84
Days on Market91
Property Features for 2705 Robin Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
8
Parking features
None
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Pike Terrace
Lot features
Sidewalks, Sprinkler System
Elementary school
Cleckler-Heald
Middle school
Beatrize Garza
High school
Weslaco H.S.
Elementary school district
Weslaco ISD
Middle school district
Weslaco ISD
High school district
Weslaco ISD
Directions
Corner of Milanos Rd and Pike Blvd
Standard status
Active
APN
P677500000005000
Size
4,502 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3032
HOA Fee
$600 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Sabita Mahtani
(956) 371-3393
Added: Jun 15
Changed: Aug 24
Last Checked: Sep 13 at 2:06PM
MLS# 476767
Copyright © 2026 Greater McAllen Association 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.
Investment Insights
Based on property information with market context.
This 4,502-square-foot quadplex is under construction with a planned 2026 build year. The unit mix includes two residences with 3 bedrooms and 2 baths, along with two residences offering 2 bedrooms and 2 baths. Interior specifications include tile flooring, quartz countertops, LED lighting, high-end cabinetry, and kitchen islands. Primary suites are designed with walk-in closets and glass shower doors in the main bathrooms.
The property occupies 0.2296 acres at 2705 Robin Road in Weslaco, Texas, within the Pike Terrac gated community near the corner of Pike Blvd and Milano Rd. Shopping centers, restaurants, and schools are located in the surrounding area. Improvements include stucco construction, shingle roofing, central heating and central air, public water, an electric water heater, and a sprinkler system.
The property occupies 0.2296 acres at 2705 Robin Road in Weslaco, Texas, within the Pike Terrac gated community near the corner of Pike Blvd and Milano Rd. Shopping centers, restaurants, and schools are located in the surrounding area. Improvements include stucco construction, shingle roofing, central heating and central air, public water, an electric water heater, and a sprinkler system.
Key Highlights
- 4,502‑square‑foot quadplex on a 0.2296‑acre lot
- Unit mix includes two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units
- Under construction with a 2026 build year
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
$39,370
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
7.89%
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%
$787,400
$787.4K
Cap Rate 7%
$562,429
$562.4K
Cap Rate 9%
$437,444
$437.4K
Market Conditions
NOI Build-Up for 4,502 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
$63.2K $14.04/SF
− Vacancy
−$7.0K −$1.55/SF
EGI
$56.2K $12.49/SF
− OpEx
−$16.9K −$3.75/SF
NOI
$39.4K $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%
$787,400
Cap Rate 7%
$562,429
Cap Rate 9%
$437,444
Alternative Uses
Best Use
Multifamily LT 5
$562.4K
$492.1K – $656.2K
NOI $39,370 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$517.8K
$453.1K – $604.1K
NOI $36,248 @ 7.0% cap · market cap 7.26%
Theoretical Best
Hotel Hospitality
$3.39M
$2.97M – $3.96M
NOI $237,368 @ 7.0% cap · market cap 47.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
459
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with contemporary interiors, a gated setting, and a balanced two- and three-bedroom layout.
Where is this quadplex located?
The property is located at 2705 Robin Road Weslaco, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,502‑square‑foot quadplex on a 0.2296‑acre lot; Unit mix includes two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units; Under construction with a 2026 build year
