826 Palm Heights, Mercedes, TX 78570
For Sale
New
$150,000
Two residential units provide separate living spaces within one property.
Property Size1,352 SF
Price / SF$110.95
Days on Market1
Property Features for 826 Palm Heights
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Coldwell Banker La Mansion
Listed By:
Adalberto (Beto) Arguelles · License #801067199
(956) 827-4799
Source:
Tnt
Added: Nov 6
Last Checked: Nov 6 at 2:18PM
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 Coldwell Banker La Mansion
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Investment Insights
Based on property information with market context.
This 1,352-square-foot duplex in Mercedes was built in 1981 and contains two residential units. The property is located at 826 Palm Heights, with schools, shopping, dining, and major roadways described as nearby.
Key Highlights
- 1,352‑square‑foot duplex
- Two residential units
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,823
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,460
$236.5K
Cap Rate 7%
$168,900
$168.9K
Cap Rate 9%
$131,367
$131.4K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$19.0K $14.04/SF
− Vacancy
−$2.1K −$1.55/SF
EGI
$16.9K $12.49/SF
− OpEx
−$5.1K −$3.75/SF
NOI
$11.8K $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%
$236,460
Cap Rate 7%
$168,900
Cap Rate 9%
$131,367
Alternative Uses
Best Use
Multifamily LT 5
$168.9K
$147.8K – $197.1K
NOI $11,823 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$155.5K
$136.1K – $181.4K
NOI $10,886 @ 7.0% cap · market cap 7.26%
Theoretical Best
Hotel Hospitality
$1.02M
$891.1K – $1.19M
NOI $71,284 @ 7.0% cap · market cap 47.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
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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
$83,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hidalgo County, TX
Properties on Market for Duplexes in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide separate living spaces within one property.
Where is this duplex located?
The property is located at 826 Palm Heights Mercedes, TX.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,352‑square‑foot duplex; Two residential units; Built in 1981
