Weslaco Triplex Investment
2109 Davenport Street Weslaco, TX 78596
2109 Davenport Street, Weslaco, TX, 78596
$364,900
For Sale
$364,900
MULTI_FAMILY - Weslaco, TX
Property Size3,161 SF
Lot Size0.24 Acres
Price / SF$115.44
Days on Market21
Property Features for 2109 Davenport Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage, Other
- Patio and Porch features
- Patio
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Dryer, Microwave, Oven-Single, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- A144500000001200
- Size
- 3,161 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8216
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Stucco
- Roof type
- Composition
Listing Agency
Key Realty
(956) 627-7552
4907 S Jackson Road, Edinburg, TX
Listed by
Preshina Samtani
(956) 460-7763
Added: Jun 27 Checked: Jul 17 at 10:06 am
MLS# 500367
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 fully rented triplex presents a great investment opportunity. The property is located near the expressway, an elementary school, a city park, and the medical district. The property features one 2-bedroom, 2-bath unit and two 3-bedroom, 2-bath units. Each unit includes a stove, refrigerator, microwave, washer, and dryer. All units also include a private patio. The property size is 3161 square feet and the lot size is 0.2427 acres.
Key Highlights
- Fully rented triplex built in 2021 with one 2BR/2BA unit and two 3BR/2BA units
- Each unit includes stove, refrigerator, microwave, washer, and dryer
- Central air and electric heating throughout
Local 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 7.58%
Second Best
Apartment 5plus
$363.6K
$318.1K – $424.2K
NOI $25,451 @ 7.0% cap · market cap 6.97%
Theoretical Best
Hotel Hospitality
$2.38M
$2.08M – $2.78M
NOI $166,664 @ 7.0% cap · market cap 45.67%
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 - Fully rented triplex near expressway, school, park, and medical district.
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 $364,900.
What are key features of this property?
This property features: Fully rented triplex built in 2021 with one 2BR/2BA unit and two 3BR/2BA units; Each unit includes stove, refrigerator, microwave, washer, and dryer; Central air and electric heating throughout
