Modern Fourplex in Gated
3802 LAS VISTAS LANE Weslaco, TX 78596
New
3802 LAS VISTAS LANE, Weslaco, TX, 78596
$560,000
For Sale
$560,000
MULTI_FAMILY - WESLACO, TX
Property Size4,200 SF
Lot Size0.24 Acres
Price / SF$133.33
Days on Market5
Property Features for 3802 LAS VISTAS LANE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Smoke Alarm(s), Walk-in Closet(s)
- Exterior features
- Patio
- Fencing
- Privacy
- Appliances
- Range, Refrigerator
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 0.24 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile
Listing agency
MARCUS PHIPPS REAL ESTATE, LLC
(956) 423-5300
Listed by
MYSSIE CARDENAS-BARAJAS · License #515302
(956) 802-0217
Added: Jul 18 Checked: Jul 22 at 2:06PM
MLS# 29778060
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 modern fourplex was built in 2022 and offers four spacious 3-bedroom, 2-bath residences. Each unit is separately metered for water and designed for low-maintenance living, with porcelain wood-look tile flooring, designer lighting, custom mirrors, and kitchen features including oversized islands. The homes also include private patios and stucco exterior elevations, with sprinkler systems installed to support outdoor upkeep. All appliances convey.
The property is located in a gated community in Mira Vista Phase II, providing controlled access to the neighborhood.
Offered for sale as a turnkey income-producing property, it is configured as a single four-unit building with all utilities handled individually through tenant responsibility for the metered water and other utilities.
The property is located in a gated community in Mira Vista Phase II, providing controlled access to the neighborhood.
Offered for sale as a turnkey income-producing property, it is configured as a single four-unit building with all utilities handled individually through tenant responsibility for the metered water and other utilities.
Key Highlights
- 2023‑built 4‑plex in a gated community with four 3BR/2BA residences
- Each unit has a private patio and porcelain wood‑look tile flooring
- Tenants pay all utilities with individual water meters; public water and public sewer
Local 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 | $59.0k | $14.04 |
| − Vacancy | −$6.5k | −$1.55 |
| EGI | $52.5k | $12.49 |
| − OpEx | −$15.7k | −$3.75 |
| NOI | $36.7k | $8.74 |
4,200 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$524.7K
$459.1K – $612.2K
NOI $36,729 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$483.1K
$422.7K – $563.6K
NOI $33,816 @ 7.0% cap · market cap 6.04%
Theoretical Best
Hotel Hospitality
$3.16M
$2.77M – $3.69M
NOI $221,445 @ 7.0% cap · market cap 39.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Built in 2022, this fourplex includes four 3BR/2BA units with individual water meters and tenant-paid utilities.
Where is this quadplex located?
The property is located at 3802 LAS VISTAS LANE Weslaco, TX.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 2023‑built 4‑plex in a gated community with four 3BR/2BA residences; Each unit has a private patio and porcelain wood‑look tile flooring; Tenants pay all utilities with individual water meters; public water and public sewer
