2020 Duplex with Two Rented
326 N VIRGINIA AVE. Mercedes, TX 78570
For Sale
$259,900
MULTI_FAMILY - MERCEDES, TX
Property Size1,920 SF
Lot Size0.11 Acres
Price / SF$135.36
Days on Market175
Property Features for 326 N VIRGINIA AVE.
General Information
Property type
Residential Multi Family
Property subtype
Other
Interior features
Ceiling Fan(s), Smoke Alarm(s)
Fencing
Privacy
Appliances
Disposal, Range, Refrigerator
Standard status
Active
Size
1,920 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2020
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: Feb 4
Changed: Jul 28
Last Checked: Jul 29 at 1:06PM
MLS# 29771870
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.
Investment Insights
Based on property information with market context.
This duplex was built in 2020 and contains two separate 2-bedroom, 2-bath units. Both units are currently rented and occupied. Inside, each unit features wood-look tile flooring and kitchens with quartz countertops and generous cabinet space, supporting a straightforward, low-maintenance living setup.
The property is located in Mercedes and sits right off the highway, providing convenient access for residents.
With two fully functioning, occupied units, the layout is well suited for an owner seeking immediate rental occupancy within a newer duplex construction.
The property is located in Mercedes and sits right off the highway, providing convenient access for residents.
With two fully functioning, occupied units, the layout is well suited for an owner seeking immediate rental occupancy within a newer duplex construction.
Key Highlights
- Duplex built in 2020 with two 2‑bedroom, 2‑bath units
- Both units are currently rented and occupied
- Wood‑look tile flooring in each unit
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 | $27.0k | $14.04 |
| − Vacancy | −$3.0k | −$1.55 |
| EGI | $24.0k | $12.49 |
| − OpEx | −$7.2k | −$3.75 |
| NOI | $16.8k | $8.74 |
1,920 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.9K
$209.9K – $279.8K
NOI $16,790 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$220.8K
$193.2K – $257.7K
NOI $15,459 @ 7.0% cap · market cap 5.95%
Theoretical Best
Hotel Hospitality
$1.45M
$1.27M – $1.69M
NOI $101,232 @ 7.0% cap · market cap 38.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2020, this duplex offers two 2-bedroom, 2-bath units, both currently rented and occupied.
Where is this duplex located?
The property is located at 326 N VIRGINIA AVE. Mercedes, TX.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Duplex built in 2020 with two 2‑bedroom, 2‑bath units; Both units are currently rented and occupied; Wood‑look tile flooring in each unit
