12-Unit Apartment
New
For Sale
$675,000
1002 Miller Avenue, Donna, TX 78537
Two-story residences feature one-bedroom, one-bathroom layouts throughout.
Property Size6,248 SF
Lot Size0.34 Acres
Price / SF$108.03
Days on Market4
Property Features for 1002 Miller Avenue
General Information
Standard status
Active
Size
6,248 SF
Lot size
0.34 Acres
Property subtype
Multi Family Home
Occupancy
75%
Units
Unit Mix
12 x 1BD/1BA
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$9,094
Amenities
Ceiling Fan(s)
Building Details
Building Size
6,248 SF
Year Built
1980
Buildings
1
Stories
2
Units
12
Listing Agency:
TNT Real Estate
(956) 322-3020
Listed By:
Rebeca Bermudez · License #535_2
(956) 328-8473
Source:
Justrealty
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:37AM
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 TNT Real Estate
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 12 units, each arranged as a one-bedroom, one-bathroom residence. The building provides approximately 6,248 square feet of living area and received a new roof in 2023. It occupies two lots totaling approximately 0.34 acre. Built in 1980, the property currently has 9 leased units and 3 vacant units ready for occupancy.
At 1002 Miller Avenue in Donna, the property is within walking distance of H-E-B, Donna City Square Park, the public library, dining and local businesses.
At 1002 Miller Avenue in Donna, the property is within walking distance of H-E-B, Donna City Square Park, the public library, dining and local businesses.
Key Highlights
- 12 units, each configured as a one‑bedroom, one‑bathroom residence
- 9 units leased; 3 vacant and rent‑ready
- New roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,306
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,120
$1.0M
Cap Rate 7%
$718,657
$718.7K
Cap Rate 9%
$558,956
$559.0K
Market Conditions
NOI Build-Up for 6,248 SF
Gross rent
$103.5K $16.56/SF
− Vacancy
−$12.0K −$1.92/SF
EGI
$91.5K $14.64/SF
− OpEx
−$41.2K −$6.59/SF
NOI
$50.3K $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%
$1,006,120
Cap Rate 7%
$718,657
Cap Rate 9%
$558,956
Alternative Uses
Best Use
Apartment 5plus
$718.7K
$628.8K – $838.4K
NOI $50,306 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.71M
$4.12M – $5.49M
NOI $329,426 @ 7.0% cap · market cap 48.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
12
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
583
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story residences feature one-bedroom, one-bathroom layouts throughout.
Where is this apartment building located?
The property is located at 1002 Miller Avenue Donna, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 12 units, each configured as a one‑bedroom, one‑bathroom residence; 9 units leased; 3 vacant and rent‑ready; New roof installed in 2023
