Mercedes TX Multi Family for Sale
$498,000
0 E ROYAL PALM DR Mercedes, TX 78570
- Type:
- Other
- Sq.Ft.:
- 4,088
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- 29760941
- Subdivision:
- SUMMER BREEZE
ADDITIONAL INFORMATION
Investment opportunity !! Four-plex under construction, featuring 3 bedrooms and 2 full baths in each unit. Enjoy an open space design with a living area, dining, and an open kitchen that includes a large island. The master bedroom comes with a full bathroom and walk-in closets, while the other two rooms share a full bathroom. Each unit also includes a laundry room for added convenience. The property boasts a stucco exterior design and offers a total of 4,088 living square feet. Located in an excellent area, just 2 minutes from the expressways, HEB, shopping centers, restaurants, and schools. This fast-growing area is perfect for investment.
- Type:
- Duplex
- Sq.Ft.:
- 1,370
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- 453063
- Subdivision:
- Garden Park
ADDITIONAL INFORMATION
Looking to expand your investment portfolio? CAP RATE 9.6% This brand new duplex is fully leased and ready to provide immediate rental income. Perfect for investors seeking a turnkey property. Each unit enjoys its own private outdoor space. Open-concept kitchen and living area for a spacious feel, brand new stainless steel appliances, granite countertops, and beautiful porcelain tile throughout. The bathrooms feature unique decorative Moroccan tiles for added flair. Convenient Amenities: Large utility room with space for hanging clothes, walk-in closets for extra storage, and tankless water heaters for energy-efficient hot water. Each unit offers 683 sq. ft. of living space.Elevated Design: The entire building is raised 18 inches above street level, providing extra protection and enhancing curb appeal. This property is a great opportunity to secure a reliable income stream with minimal upkeep. *Must be prequalified to request a showing.
$480,000
1010 Starr Street Mercedes, TX 78570
- Type:
- Fourplex
- Sq.Ft.:
- 4,260
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 452831
- Subdivision:
- Dawson Estates
ADDITIONAL INFORMATION
New Fourplex located seconds away from Expressway and minutes away from the Rio Grande Valley Premium Outlets!! Modern open concept floorplan with wood like tile throughout. Kitchen with custom ceiling high cabinets with modern quartz and island with lots of cabinet space. Spacious bedrooms with large closets. Large master bedroom with large bathroom and large closet. All units have their own private fenced backyard. Every unit has a new refrigerator, stove, microwave included as well as washer and dryer. The fourplex has 8 Carport Spaces. Future Tenants will pay their own utilities. This is a Great Investment Opportunity, Immediate Cash Flow!
$480,000
1014 Starr Street Mercedes, TX 78570
- Type:
- Fourplex
- Sq.Ft.:
- 4,050
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.26 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- 452772
- Subdivision:
- Dawson Estates
ADDITIONAL INFORMATION
New Fourplex located seconds away from Expressway and minutes away from the Rio Grande Valley Premium Outlets!! Modern open concept floorplan with wood like tile throughout. Kitchen with custom ceiling high cabinets with modern quartz and island with lots of cabinet space. Spacious bedrooms with large closets. Large master bedroom with large bathroom and large closet. All units have their own private fenced backyard. Every unit has a new refrigerator, stove, microwave included as well as washer and dryer. The fourplex has 8 Carport Spaces. Future Tenants will pay their own utilities. This is a Great Investment Opportunity, Immediate Cash Flow!
- Type:
- Duplex
- Sq.Ft.:
- 1,920
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 2020
- Baths:
- MLS#:
- 451192
- Subdivision:
- Mercedes Original Townsite
ADDITIONAL INFORMATION
Presenting this well maintained duplex, featuring two spacious 2BD/2BTH units, built in 2020. Perfectly designed for modern living, each unit boasts stunning wood-look tile flooring throughout, offering both elegance and easy maintenance. The kitchen's are highlighted by sleek quartz countertops and ample cabinet space. With one unit currently vacant, this could be an ideal opportunity for those savvy enough to live in one side while leasing the other! Whether your a first time buyer or investor, this duplex provides flexibility and potential income. Don't miss out on this fantastic investment opportunity. Schedule your private showing today!
- Type:
- Fourplex
- Sq.Ft.:
- 3,132
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 451189
- Subdivision:
- Mercedes Original Townsite
ADDITIONAL INFORMATION
BRAND NEW 4-PLEX at a great location in Mercedes! Two duplexes conveniently packaged together for 1 great opportunity! Each unit boasting custom amenities and quality construction, sure to please any tenants & owner, and is sure to be a sound investment for years to come! Each unit is complete w/ wood-look tile flooring, quartz counter-tops, tankless water heaters, laundry area, private back yards & more! 2 units are 2BD/2BTH with the other 2 being 1BD/1BD. All kitchen appliances included in the sale! Live in one unit, rent the other 3!
- Type:
- Duplex
- Sq.Ft.:
- 1,664
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Year built:
- 1992
- Baths:
- MLS#:
- 450868
- Subdivision:
- East Mercedes
ADDITIONAL INFORMATION
**Exceptional Duplex Opportunity! Your Ideal Investment Awaits!** Welcome to your prime duplex! This property is not just a home; it's a smart investment opportunity set in a great neighborhood. With a brand-new roof, new central air systems, and new updated floors this duplex offers both comfort and style. **New Roof, New Central Air:** Enjoy worry-free living with the assurance of a recently upgraded roof and a state-of-the-art central air system, ensuring your comfort in all seasons. Classic Brick Exterior:** The timeless charm of brick not only enhances the curb appeal but also speaks of enduring quality and aesthetics. Investment Potential:** This property is not just a home; it's a wise investment. With the option to live in one unit and rent out the other, you can enjoy dual benefits – a cozy living space and a steady rental income. Convenient Location:**
$1,200,000
105 E 10th Street Mercedes, TX 78570
- Type:
- Other
- Sq.Ft.:
- 12,880
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.06 Acres
- Year built:
- 1989
- Baths:
- MLS#:
- 427704
- Subdivision:
- East Mercedes
ADDITIONAL INFORMATION
It's a great time to add a Multifamily, 16-unit with onsite laundry facilities, income-generating, property to your portfolio! The five buildings sit on 1 acre (+/-) plenty of parking spaces in the middle of downtown Mercedes. All apartments are 2 bedrooms 1 bath units. Roof shingles were replaced in 2019, and 15 apartments have tile flooring. Appliances are replaced as needed. Great Rental History. The property is conveniently close to schools, and a science academy, and minutes from the Mercedes Outlet Mall. Contact the listing agent for additional information. Washers and Dryers are owned outright and are conveyed with the sale, along with the gas water heater.
$500,000
421 MILE 4 1/2 Mercedes, TX 78570
- Type:
- Apartment
- Sq.Ft.:
- 2,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1 Acres
- Year built:
- 2022
- Baths:
- MLS#:
- 29757538
- Subdivision:
- CAMPACUAS
ADDITIONAL INFORMATION
Take a look at this fixer upper off of the expressway in Mercedes! Sitting on 1.00+/- acres is this 2 story building with the perfect space to create 4 units. This property has plenty of space for whatever your needs may be with quick and easy to the expressway. This property sits just 5 minutes from HEB, and the rest of downtown Mercedes while also being a quick drive to everything else around!
$500,000
421 N Mile 1 Mercedes, TX 78570
- Type:
- Fourplex
- Sq.Ft.:
- 2,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1 Acres
- Year built:
- 2022
- Baths:
- MLS#:
- 449122
- Subdivision:
- Campacuas
ADDITIONAL INFORMATION
Take a look at this fixer upper off of the expressway in Mercedes! Sitting on 1.00+/- acres is this 2 story building with the perfect space to create 4 units. This property has plenty of space for whatever your needs may be with quick and easy to the expressway. This property sits just 5 minutes from HEB, and the rest of downtown Mercedes while also being a quick drive to everything else around! ***OWNER WILL CONSIDER OWNER FINANCING*** ***SELLER HAS BLUEPRINTS FOR PROPERTY/ CAN BUILD TOTAL OF 22 DOORS***
$314,900
198 Dawson Road Mercedes, TX 78570
- Type:
- Other
- Sq.Ft.:
- 2,534
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1 Acres
- Year built:
- 1973
- Baths:
- MLS#:
- 443266
- Subdivision:
- Capisallo District
ADDITIONAL INFORMATION
Calling all investors! This property is a gem on one acre. An incredibly desirable location 5 minutes from the RGV Premium Outlets and proximity to the expressway add immense value to this listing. The property boasts 3 structures and 5 units. 2 of the structures/4 units have been framed and one structure/1 unit has been sheet rocked and has brand new flooring. With new multi family living less than a mile from this lot the potential for profit is endless. Don't miss out on the opportunity to add this unique property to your portfolio. Schedule your showing today! There is currently 1 water meter & 1 electric meter on the property - the seller has approval to have 5 electric meters.
- Type:
- Fourplex
- Sq.Ft.:
- 4,050
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- 437726
- Subdivision:
- Dawson Estates
ADDITIONAL INFORMATION
A pristine fourplex positioned just moments from the Expressway and a stone's throw away from the Rio Grande Valley Premium Outlets awaits you! Step into the contemporary open-concept layout adorned with wood-like tile flooring throughout. The kitchen boasts bespoke ceiling-high cabinets, sleek modern quartz countertops, and a spacious island offering ample cabinet space. Each unit offers generously proportioned bedrooms with ample closet space, including a grand master bedroom complete with an expansive bathroom and closet. Enjoy the luxury of your own private fenced backyard in each unit. Moreover, all units are equipped with brand-new appliances including refrigerator, stove, microwave, washer, and dryer. With eight convenient carport spaces available, parking is never an issue. Future tenants will manage their own utilities, presenting an excellent investment opportunity with immediate cash flow potential!
- Type:
- Fourplex
- Sq.Ft.:
- 4,050
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- 437725
- Subdivision:
- Dawson Estates
ADDITIONAL INFORMATION
Brand new fourplex conveniently situated just moments from the expressway and a short drive from the Rio Grande Valley Premium Outlets! Enjoy a contemporary open-concept layout adorned with wood-like tile flooring throughout. The kitchen boasts custom ceiling-high cabinets, sleek quartz countertops, and an expansive island with ample cabinet space. Generously sized bedrooms feature large closets, while the master bedroom impresses with a spacious bathroom and closet. Each unit offers a private fenced backyard for added privacy. Plus, every unit comes equipped with brand-new refrigerator, stove, microwave, washer, and dryer. With eight carport spaces available, future tenants will appreciate the convenience. Tenants will be responsible for their own utilities, making this an exceptional investment opportunity with immediate cash flow potential!
- Type:
- Fourplex
- Sq.Ft.:
- 4,050
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- 437727
- Subdivision:
- Dawson Estates
ADDITIONAL INFORMATION
Discover a brand-new fourplex ideally situated mere seconds from the Expressway and just minutes away from the Rio Grande Valley Premium Outlets! Step into modernity with an open-concept floorplan boasting wood-like tile flooring throughout. The kitchen is a chef's dream, featuring custom ceiling-high cabinets crafted from modern quartz, an island offering abundant cabinet space. Generously sized bedrooms adorned with ample closets await, including a grand master bedroom complete with an expansive bathroom and walk-in closet. Enjoy the luxury of your own private fenced backyard in each unit. Convenience is key with every unit equipped with new appliances, including a refrigerator, stove, microwave, washer, and dryer. With eight carport spaces available, parking is never a hassle. Future tenants will manage their own utilities, making this an exceptional investment opportunity with immediate cash flow potential!
$775,000
7222 Mile 2 Mercedes, TX 78570
- Type:
- Other
- Sq.Ft.:
- 5,280
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 9.23 Acres
- Year built:
- 1987
- Baths:
- MLS#:
- 420614
- Subdivision:
- Capisallo
ADDITIONAL INFORMATION
Welcome to an exceptional investment opportunity in Mercedes, TX! Nestled on 9.23 acres directly along Mile 2 Rd, and less than a mile away from Expressway 83, this property offers a prime location for those looking to expand their real estate portfolio. The package includes 4 independent buildings, 3 of which are fully renovated and currently leased. The abundance of vacant land provides a unique opportunity to build additional rental properties. Imagine the possibilities as you design and develop new residences, tailored to meet the growing demands of the local market. The adjacent 30 acres only amplifies the potential, offering even more room for expansion or diverse development projects. Combine both parcels to embark on a large-scale venture that could redefine real estate in Mercedes, Texas. Seize the opportunity to not only invest in existing rental properties but to shape the future of this location.
Listing information provided by Rio Grande Valley MLS. IDX Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Copyright 2024 Rio Grande Valley MLS. All rights reserved.
Andrea D. Conner, License 521381, Xome Inc., License 9002330, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
Based on information from the McAllen Association of REALTORS® (alternatively, from GMAR) as of {{last updated}}. GMAR does not guarantee or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the GMAR MLS may not reflect all real estate activity in the market.
Mercedes Real Estate
The median home value in Mercedes, TX is $103,500. This is lower than the county median home value of $166,400. The national median home value is $338,100. The average price of homes sold in Mercedes, TX is $103,500. Approximately 53.54% of Mercedes homes are owned, compared to 28.05% rented, while 18.41% are vacant. Mercedes real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Mercedes real estate agent to arrange a tour today!
Mercedes, Texas has a population of 16,274. Mercedes is less family-centric than the surrounding county with 33.68% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Mercedes, Texas is $36,325. The median household income for the surrounding county is $44,666 compared to the national median of $69,021. The median age of people living in Mercedes is 34 years.
Mercedes Weather
The average high temperature in July is 94.8 degrees, with an average low temperature in January of 48.9 degrees. The average rainfall is approximately 24.8 inches per year, with 0.1 inches of snow per year.