Triplex with New
New
For Sale
$289,000
406 Date Palm St, Donna, TX 78537
Three two-bedroom units provide a consistent configuration within this recently roof-upgraded multifamily property.
Property Size2,565 SF
Price / SF$112.67
Days on Market7
Property Features for 406 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
Listing Agency:
Monarca Real Estate Group LLC
(956) 862-2964
Listed By:
Jisella Ortiz · License #0733033
(956) 862-2964
Source:
Exprealty
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 19 at 4:37AM
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
Investment Insights
Based on property information with market context.
This triplex contains three separate units, each arranged with 2 bedrooms and 1 bathroom. The property has a brand-new roof, providing a recent improvement to a major building component. Total property size is listed as 2,565.
Located at 406 Date Palm St in Donna, TX, the property offers access to Expressway 83 and is near schools and everyday shopping. Its three-unit layout and consistent floor plans create a straightforward multifamily configuration for ownership and management.
Located at 406 Date Palm St in Donna, TX, the property offers access to Expressway 83 and is near schools and everyday shopping. Its three-unit layout and consistent floor plans create a straightforward multifamily configuration for ownership and management.
Key Highlights
- Three‑unit multifamily property
- Each unit includes 2 bedrooms and 1 bathroom
- Brand‑new roof
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
$22,431
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
7.76%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
319
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
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 two-bedroom units provide a consistent configuration within this recently roof-upgraded multifamily property.
Where is this triplex located?
The property is located at 406 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 multifamily property; Each unit includes 2 bedrooms and 1 bathroom; Brand‑new roof
