Four-Unit Quadplex with Central
3027 E Mile 11, Weslaco, TX 78599
For Sale
$350,000
Residential Income, Weslaco, TX
Property Size3,480 SF
Lot Size0.50 Acres
Price / SF$100.57
Days on Market141
Property Features for 3027 E Mile 11
General Information
Property type
Property subtype
Parking
Parking features
Exterior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Rosbel Ramirez · License TX #801072076
(956) 566-9595
Added: Jun 26
Changed: Oct 8
Last Checked: Nov 13 at 8:06PM
MLS# 508142
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.
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Investment Insights
Based on property information with market context.
Built in 2011, this 3,480-square-foot quadplex contains four residential units and is currently fully leased. The property sits on 0.5001 acres and features stucco construction, a shingle roof, central heating, and central air conditioning. Each unit has individual utilities, while existing appliances include an electric water heater, refrigerator, and electric coil stove/range.
Located in Weslaco, Texas, the property includes mature trees and no designated parking features. Its four-unit configuration provides a compact multifamily format with established occupancy and existing residential improvements.
Located in Weslaco, Texas, the property includes mature trees and no designated parking features. Its four-unit configuration provides a compact multifamily format with established occupancy and existing residential improvements.
Key Highlights
- Four residential units within a 3,480‑square‑foot quadplex
- Currently fully leased with individual utilities for each unit
- Built in 2011 on a 0.5001‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,432
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,640
$608.6K
Cap Rate 7%
$434,743
$434.7K
Cap Rate 9%
$338,133
$338.1K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$48.9K $14.04/SF
− Vacancy
−$5.4K −$1.55/SF
EGI
$43.5K $12.49/SF
− OpEx
−$13.0K −$3.75/SF
NOI
$30.4K $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 Rate 5%
$608,640
Cap Rate 7%
$434,743
Cap Rate 9%
$338,133
Alternative Uses
Best Use
Multifamily LT 5
$434.7K
$380.4K – $507.2K
NOI $30,432 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$400.3K
$350.2K – $467.0K
NOI $28,019 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,692 @ 7.0% cap · market cap 24.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 78599, TX
32,500
Population
9,945
Households
3.3
Avg Household Size
29
Median Age
16%
College-Educated
67%
High-School Grad
26.5 sq mi
ZIP Area
1,226
Density / Sq Mi
$55,939
Median Household Income
$27,841
Median Earnings
$954
Median Rent
$113,300
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Weslaco, TX
Properties on Market for Quadplexes in Weslaco
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased multifamily property with individually metered utilities and on-site residential appliances.
Where is this quadplex located?
The property is located at 3027 E Mile 11 Weslaco, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four residential units within a 3,480‑square‑foot quadplex; Currently fully leased with individual utilities for each unit; Built in 2011 on a 0.5001‑acre parcel
