Fourplex Residential Income
2108 Davenport St Weslaco, TX 78596
New
For Sale
$430,000
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 Market7
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
(956) 330-3674
Listed By:
Gustavo Figueroa · License #602632
Source:
Aregtx
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 27 at 1:50PM
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
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 For Multifamily LT 5
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 | $55.4k | $14.04 |
| − Vacancy | −$6.1k | −$1.55 |
| EGI | $49.3k | $12.49 |
| − OpEx | −$14.8k | −$3.75 |
| NOI | $34.5k | $8.74 |
3,944 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
