About 121 Falcon Blvd
Excellent investment opportunity in Eagle Pass! This 5-unit apartment complex offers strong income potential in a convenient, centrally located area. Each unit features approximately 980 square feet of living space with 2 bedrooms and 1 bathroom, along with an open-concept living, dining, and kitchen area. All units are equipped with central air conditioning and heating and include a private backyard and covered parking. Tenants are responsible for all utilities, helping simplify operating expenses for the owner. This property presents an attractive opportunity for investors looking to add a well-established multifamily property to their portfolio.
Features of 121 Falcon Blvd
| MLS® # | 2014427 |
|---|---|
| Price | $625,000 |
| Number Of Units | 5 |
| Square Footage | 5,148 |
| Acres | 0.34 |
| Year Built | 1999 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | New |
Community Information
| Address | 121 Falcon Blvd |
|---|---|
| Subdivision | WESTLAKES |
| City | Eagle Pass |
| County | Maverick |
| State | TX |
| Zip Code | 78852 |
Multi-Unit Information
| Gross Annual Income | $61,200 |
|---|---|
| Net Operating Income | $57,082 |
| Annual Operating Expense | $4,118 |
| Operating Expense Includes | Insurance |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Bathrooms (Half) | 1 |
| Parking Spaces | 2 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | YES |
| Includes | Oven/Stove, Washer Connection, Dryer Connection, Refrigerator |
Unit 2 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Bathrooms (Half) | 1 |
| Parking Spaces | 2 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | YES |
| Includes | Oven/Stove, Dishwasher, Washer Connection, Dryer Connection |
Unit 3 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Bathrooms (Half) | 1 |
| Parking Spaces | 2 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | NO |
| Includes | Dryer Connection, Oven/Stove, Refrigerator, Washer Connection |
Unit 4 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Bathrooms (Half) | 1 |
| Parking Spaces | 2 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | YES |
| Includes | Dryer Connection, Oven/Stove, Refrigerator, Washer Connection |
Unit 5 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Bathrooms (Half) | 1 |
| Parking Spaces | 2 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | NO |
| Includes | Dryer Connection, Oven/Stove, Refrigerator, Washer Connection |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | One Central |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|---|
| Exterior Features | Level, Cable TV Available |
| Roof | Composition |
| Foundation | Slab |
School Information
| District | Eagle Pass ISD |
|---|---|
| Middle | Memorial |
| High | C.C. Winn |
Additional Information
| Date Listed | September 4th, 2026 |
|---|---|
| Days on Market | 1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 9.13 |
| Gross Rent Multiplier | 10.21 |
| Estimated Taxes | $8,747 |
Listing Details
| Agent | Matthew Gary |
|---|---|
| Office | Keller Williams Laredo |
| Contact Info | (830) 776-3692 |