8-Unit Apartment
For Sale
$950,000
217 N 7th Street, Donna, TX 78537
Each residence has a two-bedroom, two-bathroom layout, with shopping and dining nearby.
Property Size7,104 SF
Price / SF$133.73
Days on Market10
Property Features for 217 N 7th Street
General Information
Standard status
Active
Size
7,104 SF
Property subtype
Residential Income
Units
Unit Mix
8 x 2BR/2BA
Multifamily Units
8
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,954
Listing Agency:
Zapphire Real Estate Group
(956) 600-7494
Listed By:
Joanna Smith
(956) 219-8379
Source:
Exprealty
Added: Oct 23
Changed: Nov 1
Last Checked: Nov 1 at 3:38PM
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 Zapphire Real Estate Group
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Investment Insights
Based on property information with market context.
This apartment property in Donna contains 8 residences, each configured with 2 bedrooms and 2 bathrooms. The complex is described as new and totals 7,104 square feet.
At 217 N 7th Street, the property is approximately five minutes from the expressway. Local shopping, dining, and everyday amenities are nearby.
At 217 N 7th Street, the property is approximately five minutes from the expressway. Local shopping, dining, and everyday amenities are nearby.
Key Highlights
- 8 apartment units, each with 2 bedrooms and 2 bathrooms
- 7,104 square feet
- Approximately 5 minutes from the expressway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,198
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,960
$1.1M
Cap Rate 7%
$817,114
$817.1K
Cap Rate 9%
$635,533
$635.5K
Market Conditions
NOI Build-Up for 7,104 SF
Gross rent
$117.6K $16.56/SF
− Vacancy
−$13.6K −$1.92/SF
EGI
$104.0K $14.64/SF
− OpEx
−$46.8K −$6.59/SF
NOI
$57.2K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,960
Cap Rate 7%
$817,114
Cap Rate 9%
$635,533
Alternative Uses
Best Use
Apartment 5plus
$817.1K
$715.0K – $953.3K
NOI $57,198 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$5.35M
$4.68M – $6.24M
NOI $374,558 @ 7.0% cap · market cap 39.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
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?
Apartment building - Each residence has a two-bedroom, two-bathroom layout, with shopping and dining nearby.
Where is this apartment building located?
The property is located at 217 N 7th Street Donna, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 8 apartment units, each with 2 bedrooms and 2 bathrooms; 7,104 square feet; Approximately 5 minutes from the expressway
