Four-Unit
New
For Sale
$340,000
623 E WASHINGTON ST., Weslaco, TX 78596
MULTI_FAMILY - WESLACO, TX
Property Size3,416 SF
Lot Size0.27 Acres
Price / SF$99.53
Days on Market2
Property Features for 623 E WASHINGTON ST.
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Smoke Alarm(s)
Exterior features
Patio, Storage
Fencing
Privacy
Appliances
Range, Refrigerator
Subdivision
HERITAGE SQUARE
Lot features
Curb & Gutter, Landscaped
Elementary school
NORTH BRIDGE
Middle school
CUELLAR
High school
WESLACO-EAST
Elementary school district
WESLACO I.S.D.
Middle school district
WESLACO I.S.D.
High school district
WESLACO I.S.D.
Standard status
Active
Size
3,416 SF
Lot size
0.27 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2000
Floors in Building
1
Number of units
4
Flooring type
Tile
Additional Structures
Storage
Listing Agency:
MARCUS PHIPPS REAL ESTATE, LLC
(956) 423-5300
Listed By:
MARCUS PHIPPS · License #450735
(956) 793-2355
Added: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# 29778464
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.
Built in 2000, this 3,416-square-foot quadplex contains four residences, each arranged with two bedrooms, one bathroom, a kitchen, dining area, and living room. Interior features include tile flooring, ceiling fans, smoke alarms, central electric heating, and central air conditioning. Range appliances and refrigerators are included in each unit. The property also offers patios, storage areas, and privacy fencing.
The property occupies 0.265 acres at 623 E Washington St. in Weslaco, Texas, north of the Expressway near Bridge Rd. Public water and public sewer serve the site. A roof replacement was completed in 2023, and the privacy fence was installed in 2024.
The property occupies 0.265 acres at 623 E Washington St. in Weslaco, Texas, north of the Expressway near Bridge Rd. Public water and public sewer serve the site. A roof replacement was completed in 2023, and the privacy fence was installed in 2024.
Key Highlights
- Four‑unit property with 3,416 square feet of building area
- Each unit includes 2 bedrooms, 1 bath, kitchen, dining area, and living room
- Roof replaced in 2023
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 | $48.0k | $14.04 |
| − Vacancy | −$5.3k | −$1.55 |
| EGI | $42.7k | $12.49 |
| − OpEx | −$12.8k | −$3.75 |
| NOI | $29.9k | $8.74 |
3,416 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.8K
$373.4K – $497.9K
NOI $29,873 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$392.9K
$343.8K – $458.4K
NOI $27,504 @ 7.0% cap · market cap 8.09%
Theoretical Best
Hotel Hospitality
$2.57M
$2.25M – $3.00M
NOI $180,109 @ 7.0% cap · market cap 52.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 78596, TX
37,329
Population
15,824
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
75%
High-School Grad
40.1 sq mi
ZIP Area
931
Density / Sq Mi
$53,797
Median Household Income
$31,618
Median Earnings
$917
Median Rent
$92,800
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?
Quadplex - Each residence includes two bedrooms, one bathroom, and separate kitchen, dining, and living areas.
Where is this quadplex located?
The property is located at 623 E WASHINGTON ST. Weslaco, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Four‑unit property with 3,416 square feet of building area; Each unit includes 2 bedrooms, 1 bath, kitchen, dining area, and living room; Roof replaced in 2023
