Remodeled
For Sale
$287,500
2110 De Leon Avenue, Donna, TX 78537
Residential Income, Donna, TX
Property Size3,000 SF
Lot Size0.12 Acres
Price / SF$95.83
Days on Market41
Property Features for 2110 De Leon Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
7
Parking features
None
Fencing
Chain Link
Appliances
Electric Water Heater, Refrigerator, Stove/Range
Subdivision
Colonia Plaza
Elementary school
Guzman
Middle school
Todd
High school
Donna H.S.
Elementary school district
Donna ISD
Middle school district
Donna ISD
High school district
Donna ISD
Directions
From Expressway 83, exit south on Salinas Boulevard and continue into Donna. Turn east on De Leon Avenue, and the property at 2110 De Leon will be on your right-hand side.
Standard status
Active
APN
C765000002002600
Size
3,000 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6403
Utilities
Heating system
Electric (Heating)
Cooling system
Wall Unit(s), Electric
Water source
Public
Building Details
Year built
1997
Floors in Building
2
Number of units
4
Building materials
Siding, Wood Siding
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License #TREC#0530155
(956) 821-9990
Added: Jul 20
Changed: Aug 26
Last Checked: Aug 29 at 5:06PM
MLS# 504549
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.
Investment Insights
Based on property information with market context.
Located at 2110 De Leon Avenue in Donna, Texas, this quadplex contains four two-bedroom residences within approximately 3,000 square feet. The units feature open-concept interiors and have been remodeled. Existing tenants occupy the property under 12-month leases, providing an established residential rental configuration.
The 0.1218-acre property is within walking distance of city parks and a short drive from schools, shopping, restaurants, and major highway access. Built in 1997, the building has siding and wood siding construction, a shingle roof, chain-link fencing, public water service, electric heating, and wall-unit cooling. Appliances include refrigerators, stoves/ranges, and an electric water heater. Parking is listed as none.
The 0.1218-acre property is within walking distance of city parks and a short drive from schools, shopping, restaurants, and major highway access. Built in 1997, the building has siding and wood siding construction, a shingle roof, chain-link fencing, public water service, electric heating, and wall-unit cooling. Appliances include refrigerators, stoves/ranges, and an electric water heater. Parking is listed as none.
Key Highlights
- Four‑unit quadplex with all 2‑bedroom residences
- Approximately 3,000 square feet on a 0.1218‑acre lot
- Remodeled interiors with open‑concept layouts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,235
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,700
$524.7K
Cap Rate 7%
$374,786
$374.8K
Cap Rate 9%
$291,500
$291.5K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.1K $14.04/SF
− Vacancy
−$4.6K −$1.55/SF
EGI
$37.5K $12.49/SF
− OpEx
−$11.2K −$3.75/SF
NOI
$26.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,700
Cap Rate 7%
$374,786
Cap Rate 9%
$291,500
Alternative Uses
Best Use
Multifamily LT 5
$374.8K
$327.9K – $437.3K
NOI $26,235 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$345.1K
$301.9K – $402.6K
NOI $24,154 @ 7.0% cap · market cap 8.40%
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.64M
NOI $158,175 @ 7.0% cap · market cap 55.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer two-bedroom layouts, existing 12-month leases, and access to parks, schools, shopping, and highways.
Where is this quadplex located?
The property is located at 2110 De Leon Avenue Donna, TX.
What is the asking price?
The asking price for this property is $287,500.
What are key features of this property?
This property features: Four‑unit quadplex with all 2‑bedroom residences; Approximately 3,000 square feet on a 0.1218‑acre lot; Remodeled interiors with open‑concept layouts
