New Construction Fourplex in
700 Oriole Road, Weslaco, TX 78596
MULTI_FAMILY - Weslaco, TX
Property size:
4,080 SFLot size:
0.21 AcresPrice / SF:
$115/SF- Added:
- Apr 30, 2026
- Days on Market:
- 33
- Last Refresh:
- Jun 1 at 8:06 am
Property Features for 700 Oriole 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, No Conveying Appliances
- Standard status
- Active
- APN
- P677500000000800
- Size
- 4,080 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2419
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Jaime Lee Gonzalez (956) 599-8400
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Apr 30, 2026
MLS# 477983
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.
HighLights
- New construction fourplex in gated community (Pike Terrace) offering a mix of one-, two-, and three‑bedroom units.
- Prime hard corner location at Pike Rd and Milano Rd, providing high visibility and convenient access to entertainment, dining, and shopping.
- Modern living design with sleek cabinetry, quartz countertops, and tile flooring.
- Investment opportunity in a dynamic location.
- Built in 2024, property is under construction.
- Exterior features include a sprinkler system.
Overview
This new construction investment opportunity is located in the Pike Terrace gated community in Weslaco, Texas, positioned on the corner of Pike Road and Milano Road. The property offers visibility and convenience near entertainment, dining, and shopping. The fourplex includes two buildings with a mix of one-, two-, and three-bedroom units designed for modern living. Each unit features finishes including cabinetry, quartz countertops, tile flooring, and a layout. The property size is 4,080 square feet and the lot size is 0.2149 acres.
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 7.59%
Second Best
Apartment 5plus
$469.3K
$410.6K – $547.5K
NOI $32,850 @ 7.0% cap · market cap 6.99%
Theoretical Best
Hotel Hospitality
$3.07M
$2.69M – $3.59M
NOI $215,118 @ 7.0% cap · market cap 45.77%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.015292
- Latitude
- 26.167885
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - New construction fourplex in gated community near entertainment and dining.
Where is this quadplex located?
The property is located at 700 Oriole Road Weslaco, TX.
What is the asking price?
The asking price for this property is $469,999.
What are key features of this property?
This property features: New construction fourplex in gated community (Pike Terrace) offering a mix of one-, two-, and three‑bedroom units.; Prime hard corner location at Pike Rd and Milano Rd, providing high visibility and convenient access to entertainment, dining, and shopping.; Modern living design with sleek cabinetry, quartz countertops, and tile flooring.
