Leased Fourplex with Private
For Sale
$530,000
1009 W La Pointe Avenue, Mission, TX 78573
Residential Income, Mission, TX
Property Size4,032 SF
Lot Size0.26 Acres
Price / SF$131.45
Days on Market198
Property Features for 1009 W La Pointe Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
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
Amenities
gated community
private patio
backyard
in-unit washer/dryer
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: Apr 15
Changed: Oct 8
Last Checked: Oct 29 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 2022, this four-unit residential property contains 4,032 square feet and sits on a 0.2638-acre lot. All four units are leased and feature modern fixtures, full kitchens with pantries and ample cabinetry, private patio areas, and included refrigerator and stove/oven combinations. Washers and dryers are also provided in each unit. The two rear residences add larger backyard areas.
The property is located within a gated community at 1009 W La Pointe Avenue in Mission, Texas. Construction includes stucco exteriors, shingle roofing, central heating and central air conditioning, public water service, and an irrigation sprinkler system.
The property is located within a gated community at 1009 W La Pointe Avenue in Mission, Texas. Construction includes stucco exteriors, shingle roofing, central heating and central air conditioning, public water service, and an irrigation sprinkler system.
Key Highlights
- Four‑unit property with 4,032 square feet
- Built in 2022 on a 0.2638‑acre lot
- All four units are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,200
$705.2K
Cap Rate 7%
$503,714
$503.7K
Cap Rate 9%
$391,778
$391.8K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$56.6K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.4K $12.49/SF
− OpEx
−$15.1K −$3.75/SF
NOI
$35.3K $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 Rate 5%
$705,200
Cap Rate 7%
$503,714
Cap Rate 9%
$391,778
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
177
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - 2022 multifamily property with gated access, in-unit laundry, appliances, and central HVAC.
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: Four‑unit property with 4,032 square feet; Built in 2022 on a 0.2638‑acre lot; All four units are leased
