Triplex with Recent Mechanical
For Sale
$195,000
100 S Iowa Avenue, Weslaco, TX 78596
Residential Income, Weslaco, TX
Property Size2,072 SF
Lot Size0.11 Acres
Price / SF$94.11
Days on Market108
Property Features for 100 S Iowa Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
None
Fencing
Chain Link
Appliances
Electric Water Heater, No Conveying Appliances
Subdivision
Weslaco Original Townsite
Lot features
Curb & Gutters
Elementary school
Airport Dr.
Middle school
Cuellar
High school
Weslaco East H.S.
Elementary school district
Weslaco ISD
Middle school district
Weslaco ISD
High school district
Weslaco ISD
Directions
Head South on Texas Blvd, take a left (east) on 1st st, pass Illinois Ave and property is on the corner of Iowa Ave.
Standard status
Active
APN
W23000000B000100
Size
2,072 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3243
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1969
Floors in Building
1
Number of units
3
Building materials
Block, Frame/Wood
Roof type
Composition
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Cecilia Gonzales · License #767526
(956) 854-1444
Added: Jun 18
Changed: Sep 14
Last Checked: Oct 3 at 4:06PM
MLS# 504160
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.
This 2,072-square-foot triplex contains two two-bedroom, one-bath units and one one-bedroom, one-bath unit. Built in 1969, the property has composition roofing, central electric heating and cooling, public water service, and block and frame/wood construction. The roof is approximately 8 years old, the HVAC units were replaced approximately 3 years ago, and the water heater is 1 year old. A chain-link fence surrounds the property, and no conveying appliances are included.
The building occupies a 0.1125-acre corner lot in Weslaco, Texas. Its three-unit configuration provides a defined residential income layout, with the unit mix offering both two-bedroom and one-bedroom floor plans.
The building occupies a 0.1125-acre corner lot in Weslaco, Texas. Its three-unit configuration provides a defined residential income layout, with the unit mix offering both two-bedroom and one-bedroom floor plans.
Key Highlights
- Three‑unit configuration with 2 x 2 bedroom 1 bathroom units and 1 x 1 bedroom 1 bath unit
- 2,072 square feet on a 0.1125‑acre corner lot
- Roof is approximately 8 years old with a 30 year shingle
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
$16,683
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
8.56%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Triplex - Two-bedroom and one-bedroom layouts support varied residential occupancy within a corner-lot property.
Where is this triplex located?
The property is located at 100 S Iowa Avenue 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 configuration with 2 x 2 bedroom 1 bathroom units and 1 x 1 bedroom 1 bath unit; 2,072 square feet on a 0.1125‑acre corner lot; Roof is approximately 8 years old with a 30 year shingle
