Triplex with New
For Sale
$289,000
403 Date Palm St, Donna, TX 78537
Three matching units offer two-bedroom, one-bathroom layouts near schools, shopping, and Expressway 83.
Property Size2,565 SF
Price / SF$112.67
Days on Market71
Property Features for 403 Date Palm St
General Information
Standard status
Active
Size
2,565 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,800
Building Details
Buildings
1
Listing Agency:
Monarca Real Estate Group LLC
(956) 212-1088
Listed By:
Jisella Ortiz · License #0733033
(956) 862-2964
Source:
Exprealty
Added: Aug 13
Changed: Oct 13
Last Checked: Oct 20 at 10:25PM
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 Monarca Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This triplex contains three residential units, each configured with two bedrooms and one bathroom. The property has received a new roof upgrade, addressing a major building component for the multi-unit asset. The total property size is listed as 2,565.
Located on Date Palm St in Donna, the property offers access to Expressway 83, nearby schools, and everyday shopping. Its three-unit layout and consistent floor plans provide a straightforward multifamily configuration for an owner or operator evaluating a residential income property.
Located on Date Palm St in Donna, the property offers access to Expressway 83, nearby schools, and everyday shopping. Its three-unit layout and consistent floor plans provide a straightforward multifamily configuration for an owner or operator evaluating a residential income property.
Key Highlights
- Three‑unit triplex configuration
- Each unit includes 2 bedrooms and 1 bathroom
- New roof upgrade completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,431
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,620
$448.6K
Cap Rate 7%
$320,443
$320.4K
Cap Rate 9%
$249,233
$249.2K
Market Conditions
NOI Build-Up for 2,565 SF
Gross rent
$36.0K $14.04/SF
− Vacancy
−$4.0K −$1.55/SF
EGI
$32.0K $12.49/SF
− OpEx
−$9.6K −$3.75/SF
NOI
$22.4K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,620
Cap Rate 7%
$320,443
Cap Rate 9%
$249,233
Alternative Uses
Best Use
Multifamily LT 5
$320.4K
$280.4K – $373.9K
NOI $22,431 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$295.0K
$258.2K – $344.2K
NOI $20,652 @ 7.0% cap · market cap 7.15%
Theoretical Best
Hotel Hospitality
$1.93M
$1.69M – $2.25M
NOI $135,240 @ 7.0% cap · market cap 46.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
258
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
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
Frequently Asked Questions
What type of property is this?
Triplex - Three matching units offer two-bedroom, one-bathroom layouts near schools, shopping, and Expressway 83.
Where is this triplex located?
The property is located at 403 Date Palm St Donna, TX.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; Each unit includes 2 bedrooms and 1 bathroom; New roof upgrade completed
