1522 S Elmendorf St Triplex

Asset summary.

This fully leased 2023 triplex combines immediate 8.99% in-place yield with low capital needs and an efficient expense structure. Three-bedroom units broaden renter appeal, while tenant-paid utilities and staggered lease expirations support resilient cash flow, operational efficiency, and flexible rent growth in a near-Downtown Westside location. Operating expenses of $12,511 (21.9% of gross scheduled income) cover taxes, insurance, and maintenance; the property is owner self-managed, so no management fee is included. With one unit already achieving $1,650, marking the remaining two to that level brings the pro-forma cap rate to 9.47%.