4-Unit Quadplex with Private
New
For Sale
$420,000
807 E Starr Street, Mercedes, TX 78570
Each residence includes a fenced backyard and new kitchen and laundry appliances.
Property Size4,050 SF
Price / SF$103.70
Days on Market6
Property Features for 807 E Starr Street
General Information
Standard status
Active
Size
4,050 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
Other
Sprinkler System
Building Details
Building Size
4,050 SF
Year Built
2024
Buildings
2
Stories
1
Units
4
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Irving N. Kim · License #693229
(956) 520-4573
Source:
Dolcevitargv
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:29PM
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 BIG Realty
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Investment Insights
Based on property information with market context.
Completed in 2024, this four-unit residential property has open-concept interiors with wood-look tile flooring. Each residence features generously sized bedrooms, large closets, and a private fenced backyard. Kitchens include ceiling-height custom cabinetry, quartz countertops, and a large island. The primary bedroom has an en-suite bathroom and spacious closet.
New refrigerators, stoves, microwaves, washers, and dryers are provided in every unit. Eight carport spaces serve the property, and tenants are responsible for their own utilities.
New refrigerators, stoves, microwaves, washers, and dryers are provided in every unit. Eight carport spaces serve the property, and tenants are responsible for their own utilities.
Key Highlights
- Four residential units in a property built in 2024
- Eight carport spaces
- Each unit has a private fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,417
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,340
$708.3K
Cap Rate 7%
$505,957
$506.0K
Cap Rate 9%
$393,522
$393.5K
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$56.9K $14.04/SF
− Vacancy
−$6.3K −$1.55/SF
EGI
$50.6K $12.49/SF
− OpEx
−$15.2K −$3.75/SF
NOI
$35.4K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,340
Cap Rate 7%
$505,957
Cap Rate 9%
$393,522
Alternative Uses
Best Use
Multifamily LT 5
$506.0K
$442.7K – $590.3K
NOI $35,417 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$465.8K
$407.6K – $543.5K
NOI $32,608 @ 7.0% cap · market cap 7.76%
Theoretical Best
Hotel Hospitality
$3.05M
$2.67M – $3.56M
NOI $213,536 @ 7.0% cap · market cap 50.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
600
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes a fenced backyard and new kitchen and laundry appliances.
Where is this quadplex located?
The property is located at 807 E Starr Street Mercedes, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four residential units in a property built in 2024; Eight carport spaces; Each unit has a private fenced backyard
