Triplex with Updated
For Sale
$195,000
100 S Iowa Ave, Weslaco, TX 78596
Three-unit residential income property with five parking spaces, a corner-lot setting, and recent major-system replacements.
Property Size2,072 SF
Price / SF$94.11
Days on Market51
Property Features for 100 S Iowa Ave
General Information
Standard status
Active
Size
2,072 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
sprucing
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1969
Listing Agency:
RE/MAX elite
Listed By:
Cecilia Gonzales · License #767526
(956) 330-3674
Source:
Aregtx
Added: Aug 30
Changed: Oct 5
Last Checked: Oct 7 at 3:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX elite
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Investment Insights
Based on property information with market context.
This triplex at 100 S Iowa Ave in Weslaco, Texas, was built in 1969 and comprises three residential units: two two-bedroom, one-bath units and one one-bedroom, one-bath unit. The property includes five parking spaces and occupies a corner lot. Recent capital improvements include HVAC unit replacements approximately 3 years ago, a water heater that is 1 year old, and a roof approximately 8 years into its 30-year shingle life.
The configuration provides a mix of two-bedroom and one-bedroom residences within a single multifamily property. Existing rental income and the documented system updates support evaluation of the asset as a residential income property. Tenant privacy is requested, with showings arranged in advance.
The configuration provides a mix of two-bedroom and one-bedroom residences within a single multifamily property. Existing rental income and the documented system updates support evaluation of the asset as a residential income property. Tenant privacy is requested, with showings arranged in advance.
Key Highlights
- Three‑unit mix: 2 x 2 bedroom 1 bathroom units and 1 x 1 bedroom 1 bath unit
- Roof is approximately 8 years old on a 30 year shingle
- HVAC units were replaced approx. 3 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,683
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,660
$333.7K
Cap Rate 7%
$238,329
$238.3K
Cap Rate 9%
$185,367
$185.4K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$34.3K $16.56/SF
− Vacancy
−$4.0K −$1.92/SF
EGI
$30.3K $14.64/SF
− OpEx
−$13.6K −$6.59/SF
NOI
$16.7K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,660
Cap Rate 7%
$238,329
Cap Rate 9%
$185,367
Alternative Uses
Best Use
Multifamily LT 5
$258.9K
$226.5K – $302.0K
NOI $18,120 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$238.3K
$208.5K – $278.1K
NOI $16,683 @ 7.0% cap · market cap 8.56%
Theoretical Best
Hotel Hospitality
$1.56M
$1.37M – $1.82M
NOI $109,246 @ 7.0% cap · market cap 56.02%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
Explore this area
Business Placement
Demographics for 78596, TX
37,329
Population
15,824
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
75%
High-School Grad
40.1 sq mi
ZIP Area
931
Density / Sq Mi
$53,797
Median Household Income
$31,618
Median Earnings
$917
Median Rent
$92,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with five parking spaces, a corner-lot setting, and recent major-system replacements.
Where is this triplex located?
The property is located at 100 S Iowa Ave Weslaco, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Three‑unit mix: 2 x 2 bedroom 1 bathroom units and 1 x 1 bedroom 1 bath unit; Roof is approximately 8 years old on a 30 year shingle; HVAC units were replaced approx. 3 years ago
