Rented Triplex with
2109 Davenport Street Weslaco, TX 78596
For Sale
Contact for pricing
Fully rented triplex with one 2-bedroom unit and two 3-bedroom units, each with private patio access.
Property Size3,161 SF
Price / SF$118.63
Days on Market117
Property Features for 2109 Davenport Street
General Information
- Standard status
- Active
- Size
- 3,161 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2021
Listing Agency:
Key Realty
(956) 225-5295
Listed By:
Preshina Samtani
Source:
Crexi
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 26 at 5:54AM
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 Key Realty
Investment Insights
Based on property information with market context.
This fully rented triplex includes three residential units: one 2-bedroom, 2-bath unit and two 3-bedroom, 2-bath units. Each unit is equipped with a stove, refrigerator, microwave, washer, and dryer, supporting day-to-day convenience. All units also include a private patio.
The property is located near an expressway and close to an elementary school, city park, and medical district, providing convenient access to everyday destinations.
With a mix of unit sizes and in-unit appliance packages, the layout is designed to accommodate multiple household configurations within a single income property.
The property is located near an expressway and close to an elementary school, city park, and medical district, providing convenient access to everyday destinations.
With a mix of unit sizes and in-unit appliance packages, the layout is designed to accommodate multiple household configurations within a single income property.
Key Highlights
- Built in 2021, fully rented triplex with one 2‑bedroom unit and two 3‑bedroom units
- All units are 2‑bath layouts and include a private patio
- Each unit includes a stove, refrigerator, microwave, washer, and dryer
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 | $44.4k | $14.04 |
| − Vacancy | −$4.9k | −$1.55 |
| EGI | $39.5k | $12.49 |
| − OpEx | −$11.8k | −$3.75 |
| NOI | $27.6k | $8.74 |
3,161 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.9K
$345.5K – $460.7K
NOI $27,643 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$363.6K
$318.1K – $424.2K
NOI $25,451 @ 7.0% cap · market cap 6.79%
Theoretical Best
Hotel Hospitality
$2.38M
$2.08M – $2.78M
NOI $166,664 @ 7.0% cap · market cap 44.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully rented triplex with one 2-bedroom unit and two 3-bedroom units, each with private patio access.
Where is this triplex located?
The property is located at 2109 Davenport Street Weslaco, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Built in 2021, fully rented triplex with one 2‑bedroom unit and two 3‑bedroom units; All units are 2‑bath layouts and include a private patio; Each unit includes a stove, refrigerator, microwave, washer, and dryer
