4-Unit Quadplex with Central
For Sale
$350,000
E Mile 11, Weslaco, TX 78599
Residential Income, Weslaco, TX
Property Size3,480 SF
Lot Size0.50 Acres
Price / SF$100.57
Days on Market130
Property Features for E Mile 11
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Parking features
None
Exterior features
Mature Trees
Appliances
Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
Subdivision
Los Mirasoles
Lot features
Cul-De-Sac, Mature Trees
Elementary school
North Bridge
Middle school
Mary Hoge
High school
Weslaco H.S.
Elementary school district
Weslaco ISD
Middle school district
Weslaco ISD
High school district
Weslaco ISD
Directions
drive east on the expressway. Exit on exit 158 turn left on n texas blvd. Turn right on e mile 11 n. Property will be on your left hand side.
Standard status
Active
APN
M475500000000300
Size
3,480 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6217
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2012
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Rosbel Ramirez
(956) 566-9595
Added: Jun 26
Changed: Oct 8
Last Checked: Nov 2 at 9:06PM
MLS# 508140
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.
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Investment Insights
Based on property information with market context.
This 4-unit quadplex contains 3,480 square feet within a 0.5001-acre site. Built in 2012, the property features stucco construction, a shingle roof, mature trees, and central heating and cooling. Each unit has individual utilities, and the building is fully leased.
Unit appliances include electric water heaters, refrigerators, and electric coil stove/ranges. The property is located in Weslaco, Texas, near shopping, schools, and major highways. No parking is provided on site.
Unit appliances include electric water heaters, refrigerators, and electric coil stove/ranges. The property is located in Weslaco, Texas, near shopping, schools, and major highways. No parking is provided on site.
Key Highlights
- 4‑unit quadplex with 3,480 square feet
- Fully leased residential income property
- 0.5001‑acre site in Weslaco, TX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,432
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,640
$608.6K
Cap Rate 7%
$434,743
$434.7K
Cap Rate 9%
$338,133
$338.1K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$48.9K $14.04/SF
− Vacancy
−$5.4K −$1.55/SF
EGI
$43.5K $12.49/SF
− OpEx
−$13.0K −$3.75/SF
NOI
$30.4K $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%
$608,640
Cap Rate 7%
$434,743
Cap Rate 9%
$338,133
Alternative Uses
Best Use
Multifamily LT 5
$434.7K
$380.4K – $507.2K
NOI $30,432 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$400.3K
$350.2K – $467.0K
NOI $28,019 @ 7.0% cap · market cap 8.01%
Theoretical Best
Hotel Hospitality
$2.62M
$2.29M – $3.06M
NOI $183,483 @ 7.0% cap · market cap 52.42%
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
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 78599, TX
32,500
Population
9,945
Households
3.3
Avg Household Size
29
Median Age
16%
College-Educated
67%
High-School Grad
26.5 sq mi
ZIP Area
1,226
Density / Sq Mi
$55,939
Median Household Income
$27,841
Median Earnings
$954
Median Rent
$113,300
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 - Fully leased four-unit property with individual utilities and central heating and cooling.
Where is this quadplex located?
The property is located at E Mile 11 Weslaco, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 4‑unit quadplex with 3,480 square feet; Fully leased residential income property; 0.5001‑acre site in Weslaco, TX
