Triplex with Corner
100 S Iowa Avenue Weslaco, TX 78596
100 S Iowa Avenue, Weslaco, TX, 78596
$195,000
For Sale
$195,000
MULTI_FAMILY - Weslaco, TX
Property Size2,072 SF
Lot Size0.11 Acres
Price / SF$94.11
Days on Market30
Property Features for 100 S Iowa Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Garage
- Fencing
- Chain Link
- Appliances
- Electric Water Heater, No Conveying Appliances
- 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
- Electric (Heating), Central
- 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
(956) 583-2100
2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX
Listed by
Cecilia Gonzales · License #767526
(956) 854-1444
Added: Jun 18 Checked: Jul 17 at 10:06 am
MLS# 504160
Listing URL
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 triplex includes two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The property totals approximately 2,072 square feet. Updates include a roof that is approximately 8 years old (installed as part of a 30-year shingle), HVAC units replaced approximately 3 years ago, and a water heater that is about 1 year old.
Located at 100 S Iowa Avenue in Weslaco, Texas, the home sits on a corner lot and provides five parking spaces for residents or guests. The listing requests that tenants not be disturbed, with tours by appointment.
For investors or owner-occupants seeking a straightforward residential income property, the unit mix offers a blend of two-bedroom and one-bedroom layouts within a single asset. Recent mechanical and roofing improvements can help reduce near-term capital concerns, while the corner-lot configuration and dedicated parking support practical day-to-day access for tenants.
Located at 100 S Iowa Avenue in Weslaco, Texas, the home sits on a corner lot and provides five parking spaces for residents or guests. The listing requests that tenants not be disturbed, with tours by appointment.
For investors or owner-occupants seeking a straightforward residential income property, the unit mix offers a blend of two-bedroom and one-bedroom layouts within a single asset. Recent mechanical and roofing improvements can help reduce near-term capital concerns, while the corner-lot configuration and dedicated parking support practical day-to-day access for tenants.
Key Highlights
- Triplex with 2 units of 2 bed / 1 bath and 1 unit of 1 bed / 1 bath
- Roof is approximately 8 years old (30‑year composition shingle roof)
- HVAC units replaced approximately 3 years ago; central air and electric heating
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.3k | $16.56 |
| − Vacancy | −$4.0k | −$1.92 |
| EGI | $30.3k | $14.64 |
| − OpEx | −$13.6k | −$6.59 |
| NOI | $16.7k | $8.05 |
2,072 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex with two 2-bedroom units and one 1-bedroom unit, featuring updated roof and HVAC, plus five parking spaces.
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: Triplex with 2 units of 2 bed / 1 bath and 1 unit of 1 bed / 1 bath; Roof is approximately 8 years old (30‑year composition shingle roof); HVAC units replaced approximately 3 years ago; central air and electric heating
