Newer Multifamily Property in
212 N 5th St., Donna, TX 78537
- Added:
- Apr 18, 2026
- Days on Market:
- 46
- Last Refresh:
- Jun 2 at 9:06 pm
Property Features for 212 N 5th St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 1
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bathroom 1
- Parking features
- Assigned, Covered
- Pets allowed
- No
- Appliances
- Refrigerator, Stove, Washer/Dryer
- Standard status
- Pending
- Size
- 12,016 SF
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 31335
Building Details
- Year built
- 2019
- Number of units
- 21
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Composition
Listing agent Ryan McDaniel (956) 299-2111
Listing office Effective Real Estate 1817 Padre Blvd, Ste 3, Mcallen, TX (956) 322-8522
Listing date Apr 18, 2026
MLS# 106140
Listing URL
Copyright © 2026 South Padre Island Board 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.
HighLights
- 8%+ Cap Rate offers a strong return on investment.
- Fully Leased, providing immediate income.
- Newer Construction (Built 2019) means modern amenities and less maintenance.
- 21 Units Total (Mix of 1 and 2 Bedroom) caters to a diverse tenant base.
- Individual Electric Meters (22 Total) simplifies billing.
- Covered Assigned Parking for tenant convenience.
Overview
This newer construction multifamily property, located in Donna, Texas, consists of 21 units. The unit mix includes 19 one-bedroom, one-bathroom units and 2 two-bedroom, two-bathroom units. The property is fully leased and generates income with an 8%+ cap rate. The lot size is 0.69 acres. The building has a total area of 12,016 square feet. There are 22 electric meters and 8 water meters for the property. The zoning is R.
Local Financial Insights For Apartment 5plus
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 | $199.0k | $16.56 |
| − Vacancy | −$23.1k | −$1.92 |
| EGI | $175.9k | $14.64 |
| − OpEx | −$79.2k | −$6.59 |
| NOI | $96.7k | $8.05 |
12,016 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,746 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$9.05M
$7.92M – $10.56M
NOI $633,544 @ 7.0% cap · market cap 39.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Donna
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.0589936
- Latitude
- 26.1692151
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully leased multifamily property with 21 units and strong income.
Where is this apartment building located?
The property is located at 212 N 5th St. Donna, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8%+ Cap Rate offers a strong return on investment.; Fully Leased, providing immediate income.; Newer Construction (Built 2019) means modern amenities and less maintenance.
