Alton, TX Four-Plex
1225 W Garfield Avenue Mission, TX 78573
1225 W Garfield Avenue, Mission, TX, 78573
$450,000
For Sale
$450,000
MULTI_FAMILY - Mission, TX
Property Size3,712 SF
Lot Size0.21 Acres
Price / SF$121.23
Days on Market298
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
- 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
3300 N Mccoll. Ste P & Q, McAllen, TX
Listed by
Jaime Lee Gonzalez
(956) 599-8400
Added: Sep 23, 2025 Checked: Jul 17 at 1:06 pm
MLS# 478427
Listing URL
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.
Local 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 | $52.1k | $14.04 |
| − Vacancy | −$5.7k | −$1.55 |
| EGI | $46.4k | $12.49 |
| − OpEx | −$13.9k | −$3.75 |
| NOI | $32.5k | $8.74 |
3,712 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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.
