New Gated Community
412 Sparrow Road Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
Property size:
4,080 SFLot size:
0.21 Acres- Added:
- Jun 22, 2026
- Days on Market:
- 19
- Last Refresh:
- Jul 10 at 7:06 am
Property Features for 412 Sparrow Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Dryer, Microwave, Stove/Range-Electric Smooth, Washer
- Standard status
- Pending
- APN
- P677500000004900
- Size
- 4,080 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2845
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Sabita Mahtani (956) 371-3393
Listing office Key Realty 4907 S Jackson Road, Edinburg, TX (956) 627-7552
Listing date Jun 22, 2026
MLS# 478388
Listing URL
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.
Investment Insights
Based on property information with market context.
Located in the brand new gated community of Pike Terrace in Weslaco, this fourplex subdivision is situated on the corner of Pike Blvd and Milano Rd. The property contains one one-bedroom unit, two two-bedroom/two-bath units, and one three-bedroom/two-bath unit. Modern tile flooring extends throughout the units, complemented by a large island in the kitchen and high-end cabinets. Attention to detail is evident with quartz countertops and LED lighting. The main bedroom features a large walk-in closet, and the main bathroom includes a glass shower door. The property is located close to schools, shopping centers, restaurants, and other amenities. The property size is 4,080 square feet and the lot size is 0.2149 acres. This property is intended for investors and is priced to sell. Construction will be completed in approximately 3 months, and the finished unit will be similar to the pictures.
Key Highlights
- Brand new gated community (Pike Terrace) in Weslaco.
- Spacious units: featuring one 1‑bedroom, two 2‑bedroom/2‑bath, and one 3‑bedroom/2‑bath.
- Modern finishes throughout: including tile flooring, large kitchen island, high‑end cabinets, quartz countertops, and LED lighting.
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 | $57.3k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $51.0k | $12.49 |
| − OpEx | −$15.3k | −$3.75 |
| NOI | $35.7k | $8.74 |
4,080 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$509.7K
$446.0K – $594.7K
NOI $35,679 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$469.3K
$410.6K – $547.5K
NOI $32,850 @ 7.0% cap · market cap 6.72%
Theoretical Best
Hotel Hospitality
$3.07M
$2.69M – $3.59M
NOI $215,118 @ 7.0% cap · market cap 43.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - New fourplex in gated community near schools and amenities.
Where is this quadplex located?
The property is located at 412 Sparrow Road Weslaco, TX.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Brand new gated community (Pike Terrace) in Weslaco.; Spacious units: featuring one 1‑bedroom, two 2‑bedroom/2‑bath, and one 3‑bedroom/2‑bath.; **Modern finishes throughout:** including tile flooring, large kitchen island, high‑end cabinets, quartz countertops, and LED lighting.
