Alton, TX Four-Plex
For Sale
$450,000
1225 W Garfield Avenue, Mission, TX 78573
MULTI_FAMILY - Mission, TX
Property Size3,712 SF
Lot Size0.21 Acres
Price / SF$121.23
Days on Market340
Property Features for 1225 W Garfield Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Patio and Porch features
Patio
Appliances
Electric Water Heater, Disposal, Dryer, Convection Oven, Refrigerator, Stove/Range, Stove/Range-Electric Smooth, Washer
Subdivision
Taurus Estates #16
Lot features
Sidewalks
Elementary school
Cantu
Middle school
Alton-Memorial Junior High
High school
Alton H.S.
Elementary school district
Mission ISD
Middle school district
Mission ISD
High school district
Mission ISD
Directions
From Intersection W St Francis Ave and S Trosper Blvd go north on S Trosper Blvd, then take a left on W Garfield Ave.
Standard status
Active
APN
T094516000001900
Size
3,712 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9645
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
2021
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Sep 23, 2025
Changed: Apr 15
Last Checked: Aug 28 at 10:06AM
MLS# 478427
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 four-plex in Alton, TX, presents an investment opportunity. The property consists of four identical units, each featuring 2 bedrooms and 2 bathrooms, along with essential appliances, tile flooring, and an open floor plan. There are 8 covered carport spaces located at the front of the property, providing two dedicated parking spots for each tenant. The lot size is 0.2112 acres and the property size is 3712 square feet. Located in Mission, TX, this property is suitable for investors seeking an income-producing asset.
Key Highlights
- Income‑producing 4‑plex investment opportunity.
- Four identical units, each with 2 bedrooms and 2 bathrooms.
- Built in 2021, ensuring modern construction and features.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,461
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,220
$649.2K
Cap Rate 7%
$463,729
$463.7K
Cap Rate 9%
$360,678
$360.7K
Market Conditions
NOI Build-Up for 3,712 SF
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.
Gross rent
$52.1K $14.04/SF
− Vacancy
−$5.7K −$1.55/SF
EGI
$46.4K $12.49/SF
− OpEx
−$13.9K −$3.75/SF
NOI
$32.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,220
Cap Rate 7%
$463,729
Cap Rate 9%
$360,678
Alternative Uses
Best Use
Multifamily LT 5
$463.7K
$405.8K – $541.0K
NOI $32,461 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$427.0K
$373.6K – $498.1K
NOI $29,887 @ 7.0% cap · market cap 6.64%
Theoretical Best
Hotel Hospitality
$2.80M
$2.45M – $3.26M
NOI $195,715 @ 7.0% cap · market cap 43.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
95
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 - Four-plex in Alton, TX with identical units and carports.
Where is this quadplex located?
The property is located at 1225 W Garfield Avenue Mission, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Income‑producing 4‑plex investment opportunity.; Four identical units, each with **2 bedrooms and 2 bathrooms**.; Built in 2021, ensuring modern construction and features.
