Leased Fourplex in Gated
For Sale
$530,000
1009 W La Pointe Avenue, Mission, TX 78573
MULTI_FAMILY - Mission, TX
Property Size4,032 SF
Lot Size0.26 Acres
Price / SF$131.45
Days on Market422
Property Features for 1009 W La Pointe Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Dryer, Washer
Subdivision
Sunset Valley
Lot features
Sidewalks, Sprinkler System
Elementary school
Cantu
Middle school
Alton-Memorial Junior High
High school
Mission H.S.
Elementary school district
Mission ISD
Middle school district
Mission ISD
High school district
Mission ISD
Directions
take South On Conway, Turn Left on Mile 6., Turn Left on Trosper, Go South on Trosper and you will see subdivision about half a mile South on your west .
Standard status
Active
APN
S765700000002300
Size
4,032 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9337
HOA Fee
$550 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Rodolfo Gallegos
(210) 251-9123
Added: Jun 4, 2025
Changed: Apr 15
Last Checked: Jul 30 at 4:06PM
MLS# 471412
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully leased fourplex presents an investment opportunity. Located in a gated community, the property features modern fixtures and kitchens equipped with pantries and ample cabinet space. Each unit includes kitchen appliances such as a refrigerator and stove/oven combo, as well as a washer and dryer. Private patio areas are included. The two back units feature spacious backyards. The property offers the opportunity for owners to reside on the property. The fourplex is fully leased and well-maintained, with leases up to date. The property is located in Mission, TX, in Hidalgo County. The lot size is 0.2638 acres, and the property size is 4032 square feet.
Key Highlights
- Fully leased fourplex provides immediate rental income and investment opportunity.
- Gated community offers secure living for tenants.
- Each unit includes kitchen appliances and washer/dryer.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.6k | $14.04 |
| − Vacancy | −$6.2k | −$1.55 |
| EGI | $50.4k | $12.49 |
| − OpEx | −$15.1k | −$3.75 |
| NOI | $35.3k | $8.74 |
4,032 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 6.13%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 40.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased fourplex in Mission, TX with modern amenities.
Where is this quadplex located?
The property is located at 1009 W La Pointe Avenue Mission, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Fully leased fourplex provides immediate rental income and investment opportunity.; Gated community offers secure living for tenants.; Each unit includes kitchen appliances and washer/dryer.
