Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days73Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$515,000

1506 Playa Dr, Weslaco, TX, 78596

On MarketInfo
Baths0 Bath
Baths4,050 Sq Ft
QuadruplexQuadruplex
price_per_sqft$127.16 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size10,149 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces5

Land Information

APNT1650-00-000-0015-00
Lot Number15
SubdivisionTen Fifteen - Swl
Land UseApartment
Legal DescriptionTEN FIFTEEN LOT 15
Census Tract022900
Assessed Land Value$99,470
Assessed Improvement Value$389,135
Assessment Year2025

About this property

Four-plex for sale in a gated multi-family subdivision in Weslaco, Texas, offering a prime location near schools, shopping, and with easy access to the expressway. This property features a modern open-concept design with wood-look tile flooring throughout. The unit mix includes two 2-bedroom, 2-bath units and two 3-bedroom, 2-bath units. Each unit offers a well-appointed kitchen with custom cabinetry, quartz countertops, and ample storage, along with spacious bedrooms and large closets. Primary suites include generous layouts with frameless glass showers and walk-in closets. All units feature private fenced backyards for added privacy. The property includes stainless steel appliances, as well as in-unit washer and dryer. Eight carport spaces are provided. Tenants pay their own utilities, making this an excellent investment opportunity with immediate cash flow potential.

Investor Tools

Property Icon
$559,000
Estimated Property Value
$520,389Estimated Mortgage Balance
$0Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,354 /month
Positive
Cash Flow Estimate:
$1,118 /month

Interested in this property?

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,234/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,017
$488,605
2025
$99,470
$389,135
$488,605
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,017
$488,605

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Imperium Lending Llc
Va
$520,389
Yes
First
Feb 27, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$518,887
$40,113
7%
93%
$3,120/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Weslaco

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1506 Playa Dr | Property Details | No Agent List