Fourplex Residential Income
For Sale
$430,000
2108 Davenport St, Weslaco, TX 78596
Residential fourplex featuring two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units.
Property Size3,944 SF
Price / SF$109.03
Days on Market100
Property Features for 2108 Davenport St
General Information
Standard status
Active
Size
3,944 SF
Property subtype
Multi-Family
Building Details
Year Built
2022
Listing Agency:
RE/MAX elite
Listed By:
Gustavo Figueroa · License #602632
(956) 588-6550
Source:
Aregtx
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 7 at 4:36PM
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 fourplex offers four total residences with a mix of unit sizes: two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. Each home is described as having a functional layout with comfortable living space, spacious bedrooms, and private bathrooms.
The property is located in a growing area of Weslaco and is described as being convenient to shopping, dining, schools, and major roadways.
Designed to support long-term occupancy, the property is presented as an income-oriented investment opportunity with steady rental income potential.
The property is located in a growing area of Weslaco and is described as being convenient to shopping, dining, schools, and major roadways.
Designed to support long-term occupancy, the property is presented as an income-oriented investment opportunity with steady rental income potential.
Key Highlights
- Built in 2022 residential fourplex with 4 total units
- Two 3‑bedroom, 2‑bath units in the fourplex
- Two 2‑bedroom, 2‑bath units in the fourplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,490
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,800
$689.8K
Cap Rate 7%
$492,714
$492.7K
Cap Rate 9%
$383,222
$383.2K
Market Conditions
NOI Build-Up for 3,944 SF
Gross rent
$55.4K $14.04/SF
− Vacancy
−$6.1K −$1.55/SF
EGI
$49.3K $12.49/SF
− OpEx
−$14.8K −$3.75/SF
NOI
$34.5K $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 Rate 5%
$689,800
Cap Rate 7%
$492,714
Cap Rate 9%
$383,222
Alternative Uses
Best Use
Multifamily LT 5
$492.7K
$431.1K – $574.8K
NOI $34,490 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$453.6K
$396.9K – $529.3K
NOI $31,755 @ 7.0% cap · market cap 7.38%
Theoretical Best
Hotel Hospitality
$2.97M
$2.60M – $3.47M
NOI $207,947 @ 7.0% cap · market cap 48.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
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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?
Quadplex - Residential fourplex featuring two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units.
Where is this quadplex located?
The property is located at 2108 Davenport St Weslaco, TX.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Built in 2022 residential fourplex with 4 total units; Two 3‑bedroom, 2‑bath units in the fourplex; Two 2‑bedroom, 2‑bath units in the fourplex
