1 / 29High yieldNew construction
$1,550,000
16-Unit Multifamily in Weslaco, TX
Hidalgo County, TX · listed Apr 18, 2025 (558 days)
Price per unit compared
This property$97K
Within ~40 mi (166)$88K
Texas median (1,029)$100K
- $/unit
- $96,875
- ▼ 3% vs TX · 47th pct
- Cap rate
- 10.2%
- ▲ 2.9 pts vs TX median
- NOI
- $158K
- $9,900/unit/yr
- Units
- 16
- 1 bldg · 2025
Financials
- Asking price
- $1,550,000
- Price per unit
- $96,875
- Price per sq ft
- $1,148
- Gross rent / year
- Not stated
- Net operating income
- $158,400
- NOI per unit
- $9,900
- Cap rate
- 10.2%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 2025
- Building size
- 1,350 sq ft
- Avg unit size
- 84 sq ft
- Lot size
- 0.16 acres
- Condition
- New construction
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Apr 18, 2025
- Days on market
- 558 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2180
About this property
New Luxury 2-Story Townhome at the newest subdivision The Coves at Weslaco. Located in the sought-after 1015 Corridor, these brand-new townhomes offer modern living with spacious layouts and high-end finishes. Enjoy easy access to the expressway, nearby shops, and dining. Perfect for those seeking a new and booming area with cash flow and money making potential. Where Luxury meets location in the heart of the Mid Valley. All appliances included and Move-in ready—schedule a tour today and make one of the best investment opportunities yours!
8-Unit Townhome Investment
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Weslaco, TX | $1.55M | $194K$194K | — |
 Weslaco, TXHigh yieldStabilized | $6.48M | $135K$135K | 8% |
 Weslaco, TX▼ 3% cutStabilized | $938K | $117K$117K | — |
 Weslaco, TX | $520K | $87K$87K | — |
| Weslaco, TX Owner financing | $1.4M | $70K$70K | — |
 Weslaco, TX▼ 4% cutStabilized | $1.15M | $68K$68K | — |