Triplex Property with Assigned
New
For Sale
$299,995
2302 E Lyon St, Laredo, TX 78043
MULTI-FAMILY, LAREDO, TX
Property Size3,266 SF
Lot Size0.30 Acres
Price / SF$91.85
Days on Market3
Property Features for 2302 E Lyon St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
02 N Eastern Division, be
Bedrooms
6
Bathrooms
12
Full bathrooms
9
Half bathrooms
3
Rooms
Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 9, Bathroom 1, Bathroom 8, Bathroom 10, Bedroom 6, Bathroom 11, Bathroom 4, Bedroom 1, Bathroom 5, Bathroom 6, Bedroom 4, Bathroom 7, Bathroom 12, Bathroom 2
Parking features
Assigned
Subdivision
Eastern Division
Elementary school district
Laredo
Middle school district
Laredo
High school district
Laredo
Standard status
Active
Size
3,266 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
LOT 11-12 BLK 1364 ED
Legal Description
LOT 11-12 BLK 1364 ED
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Flooring type
Tile, Vinyl
Building materials
Stucco
Roof type
Composition
Listing Agency:
Real Broker, LLC
(214) 202-7615
Listed By:
Deissy Murillo Gonzalez
(956) 286-6769
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 11 at 1:06AM
MLS# 20264347
Copyright © 2026 Laredo 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 triplex spans 3,266 square feet across two lots totaling 0.2986 acres. The property is currently generating rental income and includes assigned parking, stucco construction, tile and vinyl flooring, central heating, central air, public water, and a composition roof.
Located in Laredo near Vidal M. Trevino Magnet School, Nixon High School, and Ryan Elementary, the property offers a central setting with nearby educational facilities. The three-unit configuration supports continued residential rental use, with existing improvements and building systems already in place.
Located in Laredo near Vidal M. Trevino Magnet School, Nixon High School, and Ryan Elementary, the property offers a central setting with nearby educational facilities. The three-unit configuration supports continued residential rental use, with existing improvements and building systems already in place.
Key Highlights
- Triplex with 3,266 square feet of building area
- Two‑lot property totaling 0.2986 acres
- Currently generating rental income
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$514,300
$514.3K
Cap Rate 7%
$367,357
$367.4K
Cap Rate 9%
$285,722
$285.7K
Market Conditions
NOI Build-Up for 3,266 SF
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.
Gross rent
$50.2K $15.36/SF
− Vacancy
−$3.4K −$1.04/SF
EGI
$46.8K $14.32/SF
− OpEx
−$21.0K −$6.44/SF
NOI
$25.7K $7.87/SF
Area
Laredo, TX
Vacancy
6.80%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$514,300
Cap Rate 7%
$367,357
Cap Rate 9%
$285,722
Alternative Uses
Best Use
Multifamily LT 5
$416.9K
$364.8K – $486.4K
NOI $29,183 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$367.4K
$321.4K – $428.6K
NOI $25,715 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$804.1K
$703.6K – $938.1K
NOI $56,288 @ 7.0% cap · market cap 18.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 78043, TX
43,473
Population
14,263
Households
3
Avg Household Size
30
Median Age
13%
College-Educated
65%
High-School Grad
177.1 sq mi
ZIP Area
245
Density / Sq Mi
$54,280
Median Household Income
$27,651
Median Earnings
$954
Median Rent
$151,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with assigned parking, tile and vinyl flooring, and central heating and cooling.
Where is this triplex located?
The property is located at 2302 E Lyon St Laredo, TX.
What is the asking price?
The asking price for this property is $299,995.
What are key features of this property?
This property features: Triplex with 3,266 square feet of building area; Two‑lot property totaling 0.2986 acres; Currently generating rental income
