For sale

$18,000,000

1514 Hope Dr, Mercedes, TX 78570

--beds

--baths

93,150sqft

$133,549/mo

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Multi Family

Built in 2024

-- sqft lot

$-- Zestimate^®

$193/sqft

$-- HOA

What's special

Institutional-quality Build-to-Rent investment opportunity in the growing Valley Ranch Estates community in Mercedes, Texas. This 81-home single-family rental portfolio is approximately 95% occupied and features a mix of 3- and 4-bedroom homes, generating approximately $1.7 million in stabilized annual gross income with an estimated NOI of $1.06 million. Ideally located just off Expressway 83 behind the Rio Grande Valley Premium Outlets, the property offers exceptional access to major retail, dining, and employers. A rare opportunity to acquire a stabilized, income-producing residential community with strong cash flow and long-term growth potentia.lComplete financial package, rent roll, and additional due diligence materials available upon request.

10 days

146

4

Facts & features

Interior

Heating

Has Heating (Unspecified Type)

Cooling

Central Air, Electric

Appliances

Included: Electric Water Heater, Microwave, Refrigerator, Stove/Range
Laundry: Laundry Room, Washer/Dryer Connection

Features

Ceiling Fan(s)
Flooring: Tile
Windows: Double Pane Windows

Interior area

Total structure area: 93,150
Total interior livable area: 93,150 sqft

Property

Parking

Parking features: No Carport, No Garage

Features

Patio & porch: Patio, Patio Slab
Exterior features: Sprinkler System
Fencing: Privacy,Wood

Lot

Size: 18 Acres
Features: Sidewalks, Sprinkler System

Details

Additional structures: Outbuilding (None)
Parcel number: V152500000010900

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Stucco
Foundation: Slab
Roof: Shingle

Condition

Year built: 2024

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks, Street Lights
Security: Smoke Detector(s)
Subdivision: Valley Ranch

HOA

Has HOA: No

Location

Region: Mercedes

Financial & listing details

Price per square foot: $193/sqft
Annual tax amount: $383,062
Date on market: 7/15/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,532/mo

Price history

Date	Event	Price
7/15/2026	Listed for sale	$18,000,000+8900%$193/sqft
Source: Greater McAllen AOR #509665 Report a problem
6/17/2024	Listing removed	--
Source: Greater McAllen AOR #435356 Report a problem
4/25/2024	Listed for sale	$199,999$2/sqft
Source: Greater McAllen AOR #435356 Report a problem
4/11/2024	Listing removed	--
Source: Greater McAllen AOR #430263 Report a problem
3/12/2024	Listed for sale	$199,999$2/sqft
Source: Greater McAllen AOR #430263 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 78570

Getting around

8 / 100

Car-Dependent

28 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

6/10
Ruben Hinojosa Elementary School
Grades: PK-5Distance: 1.6 mi
3/10
Sgt Manuel Chacon Middle School
Grades: 6-8Distance: 1.7 mi
2/10
Mercedes High School
Grades: 9-12Distance: 2.2 mi

Schools provided by the listing agent

Elementary: Hinojosa
Middle: Sgt. Harold
High: Mercedes H.S.
District: Mercedes ISD

Source: Greater McAllen AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.