New Construction Fourplex Investment
For Sale
Contact for pricing
2901 Charlie Road, Weslaco, TX 78596
New construction fourplex in Weslaco's Dominions Subdivision.
Property Size3,726 SF
Price / SF$128.56
Days on Market1029
Property Features for 2901 Charlie Road
General Information
Standard status
Active
Size
3,726 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2024
Buildings
4
Units
4
Listing Agency:
Monarca Real Estate Group
Listed By:
Jisella Ortiz · License #0733033
(956) 803-0341
Source:
Crexi
Added: Dec 20, 2023
Changed: Oct 2
Last Checked: Oct 12 at 6:36PM
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 Monarca Real Estate Group
Investment Insights
Based on property information with market context.
This new construction fourplex is located in the Dominions Subdivision, a gated community in Weslaco. The property is situated off Highway 83, between N Midway Road and Milano Road, offering proximity to dining, shopping, and entertainment. The property consists of two separate buildings. Each building contains one 3-bed/2-bath unit and one 2-bed/2-bath unit. The property size is 3726 square feet. This fourplex presents an investment opportunity.
Key Highlights
- New construction fourplex built in 2024 in Weslaco.
- Located in the gated community of Dominions Subdivision.
- Excellent location off Highway 83, between N Midway Road and Milano Road.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,584
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,680
$651.7K
Cap Rate 7%
$465,486
$465.5K
Cap Rate 9%
$362,044
$362.0K
Market Conditions
NOI Build-Up for 3,726 SF
Gross rent
$52.3K $14.04/SF
− Vacancy
−$5.8K −$1.55/SF
EGI
$46.5K $12.49/SF
− OpEx
−$14.0K −$3.75/SF
NOI
$32.6K $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%
$651,680
Cap Rate 7%
$465,486
Cap Rate 9%
$362,044
Alternative Uses
Best Use
Multifamily LT 5
$465.5K
$407.3K – $543.1K
NOI $32,584 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$428.6K
$375.0K – $500.0K
NOI $30,000 @ 7.0% cap · market cap 6.26%
Theoretical Best
Hotel Hospitality
$2.81M
$2.46M – $3.27M
NOI $196,453 @ 7.0% cap · market cap 41.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
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Frequently Asked Questions
What type of property is this?
Quadplex - New construction fourplex in Weslaco's Dominions Subdivision.
Where is this quadplex located?
The property is located at 2901 Charlie Road Weslaco, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: New construction fourplex built in 2024 in Weslaco.; Located in the gated community of Dominions Subdivision.; Excellent location off Highway 83, between N Midway Road and Milano Road.
