MULTIFAMILYRADAR
21-Unit Multifamily in Donna, TX, photo 1
Stabilized
$1,600,000

21-Unit Multifamily in Donna, TX

Hidalgo County, TX · listed Apr 19, 2026 (192 days)

Price per unit compared
This property$76K
Within ~40 mi (200)$82K
Texas median (1,196)$92K
$/unit
$76,190
▼ 17% vs TX · 37th pct
Cap rate
7.6%
▲ 0.2 pts vs TX median
NOI
$121K
$5,762/unit/yr
Units
21
3 bldg · 2019

Financials

Asking price
$1,600,000
Price per unit
$76,190
Price per sq ft
$133
Gross rent / year
Not stated
Net operating income
$121,000
NOI per unit
$5,762
Cap rate
7.6%
Gross yield
Not stated
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
21
Unit mix
19 of the units are 1 bedroom 1 bathroom and 2 units are 2 bed 2 bath
Buildings
3
Year built
2019
Building size
12,016 sq ft
Avg unit size
572 sq ft
Lot size
0.69 acres
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Apr 19, 2026
Days on market
192 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1315

About this property

This newer construction fully leased multi family property consists of 21 units total. 19 of the units are 1 bedroom 1 bathroom and 2 units are 2 bed 2 bath. The asset is generating excellent income with an 8%+ cap rate.

Multifamily | 8% CAP | 21 Units

Highlights

Strong In-Place Cash Flow

Fully leased 21-unit multifamily property delivering immediate and stable income from day one.

Attractive 8% Cap Rate

Provides a compelling return compared to current market alternatives, appealing to both private and institutional investors.

100% Occupancy

Stabilized asset with consistent rental demand, minimizing lease-up risk and downtime.

Strategic Location in Donna, TX

Positioned in the growing Rio Grande Valley market with proximity to McAllen, Weslaco, and Edinburg, supporting strong tenant demand and economic growth.

Growing Rental Market Fundamentals

Donna and surrounding areas continue to experience population growth, workforce expansion, and increasing rental demand.

Operational Stability

Proven rent collection history and consistent occupancy provide a reliable income stream.

Value-Add Potential

Opportunity to increase rents to market rates and improve operational efficiencies, enhancing future NOI and returns.

Affordable Housing Demand Driver

Positioned in a price point that remains highly accessible to a large tenant base, supporting long-term occupancy stability.

Favorable Landlord Environment

Located in Texas, known for landlord-friendly regulations and no state income tax.

Portfolio Expansion Opportunity

Ideal asset for investors looking to scale in the Rio Grande Valley with a stabilized, income-producing property.

Location

Approximate area. The exact address is shared on request.

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