Modern Two-Unit
New
For Sale
Contact for pricing
326 N Virginia Avenue, Mercedes, TX 78570
Well-maintained duplex with occupied units, updated finishes, and convenient highway access for commuters.
Property Size1,920 SF
Price / SF$135.36
Days on Market7
Property Features for 326 N Virginia Avenue
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
2020
Buildings
1
Units
2
Tenancy
Multi
Abandoned
No
Listing Agency:
EXP Realty, LLC
(888) 519-7431
Listed By:
Arasely Esquivel · License #TX
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 2:23PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2020, this duplex contains two 2-bedroom, 2-bathroom residences within 1,920 square feet. Both units are currently rented and occupied, providing an established rental setup. Interior finishes include wood-look tile flooring throughout, quartz kitchen countertops, and ample cabinet storage. The property is configured for straightforward residential income use with contemporary materials suited to daily living and maintenance.
Located at 326 N Virginia Avenue in Mercedes, the property sits just off the highway, providing convenient commuter access. Its two-unit layout, recent construction, and existing occupancy offer a practical profile for buyers seeking a residential income property with current tenants in place.
Located at 326 N Virginia Avenue in Mercedes, the property sits just off the highway, providing convenient commuter access. Its two-unit layout, recent construction, and existing occupancy offer a practical profile for buyers seeking a residential income property with current tenants in place.
Key Highlights
- Two 2‑bedroom, 2‑bathroom units
- 1,920 square feet built in 2020
- Both units currently rented and occupied
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
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 78570, TX
32,950
Population
10,701
Households
3.1
Avg Household Size
30
Median Age
12%
College-Educated
61%
High-School Grad
75.2 sq mi
ZIP Area
438
Density / Sq Mi
$39,890
Median Household Income
$22,648
Median Earnings
$686
Median Rent
$83,400
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?
Duplex - Well-maintained duplex with occupied units, updated finishes, and convenient highway access for commuters.
Where is this duplex located?
The property is located at 326 N Virginia Avenue 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: Two 2‑bedroom, 2‑bathroom units; 1,920 square feet built in 2020; Both units currently rented and occupied
