Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    215 W Diamond Ave Mission, TX 78573

    View on Map
    Sponsored
    For Sale
    $479,000

    MULTI_FAMILY - Mission, TX

    Property size:
    4,100 SF
    Lot size:
    0.23 Acres
    Days on Market:
    48
    Last Refresh:
    Mar 12 at 7:06 pm

    Property Features for 215 W Diamond Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    L102500000004000
    Parking
    8
    Parking features
    Garage
    Patio and Porch features
    Patio
    Exterior features
    Mature Trees, Sprinkler System
    Fencing
    Privacy
    Appliances
    Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
    Size
    4,100 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    1
    Number of units
    4
    Building materials
    Stucco
    Roof type
    Composition

    We can help!

    Listing Contact
    Mario E. Baez
    Mario E. Baez

    eXp Realty, LLC (888) 519-7431

    Listing agent Mario E. Baez (956) 827-0170

    Listing date Jan 23, 2026

    MLS# 460451

    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.

    Learn more

    Property Insight Report

    Overview

    Mission, TX Fourplex Investment

    This fourplex in Mission, TX, presents an excellent investment opportunity with 100% occupancy and a gross income above $57,000. The property generates a positive cash flow and requires low maintenance. Its prime location is situated right off N. Conway/Alton Blvd, offering convenient access to shopping and dining options. Each unit features stainless-steel appliances, quartz countertops, a washer and dryer, and tile flooring throughout. The open floor concept highlights modern kitchen cabinets and large countertop areas. Spacious bedrooms include large closets. The property includes 8 carport spaces. Tenants are responsible for electricity, internet, and cable. The owner covers trash, home meter water and electricity, and landscape maintenance. All units have private fenced backyards. The property, situated on a 0.2287-acre lot, comprises 4,100 square feet. There are 5 electrical meters and 1 water meter on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy Auto Parts Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.314619
    Latitude
    26.292378

    Nearby Similar for Sale

    • $425,000
      Pending

      Mission, TX Car Wash

      Operating car wash with detail shop in Mission, Texas.
      2527 E Griffin Pkwy, Mission, TX 78572
      View Details
    • $350,000
      1,800 SF

      Mission, TX Commercial Property

      Prime real estate suitable for retail, daycare, office spaces.
      7710 Expressway 83 W, Mission, TX 78572
      View Details
    • $510,000
      1,312 SF

      Mission Commercial Property with Drive-Thru

      Commercial property with drive-thru, cooler, and high-visibility location.
      7710 Bentsen Palm Dr N, Mission, TX 78574
      View Details
    • $1,089,000
      8,296 SF

      Leased Investment Property in Mission

      Fully leased commercial property with stable income in Mission, TX.
      1921 Main Ave, Mission, TX 78573
      View Details
    • $450,000
      2,544 SF

      Palmview Commercial Property on Corner Lot

      Large corner lot with high visibility and traffic for business.
      4500 Expressway 83 W, Mission, TX 78572
      View Details
    • $205,000
      Pending

      Mission, TX Commercial Office Space

      Affordable office building with four offices in a high-visibility area.
      6206 W Mile 7 Rd, Mission, TX 78574
      View Details
    • $350,000
      4,000 SF

      Coin Operated Carwash For Sale

      Six-bay carwash with equipment room on 0.46 acres.
      923 W Business Highway 83, Mission, TX 78572
      View Details
    • $305,000
      4,112 SF

      Prestigious Office Space in Mission

      Professional office space in a sought-after Mission location.
      1022 Partial & 206, Mission, TX 78572
      View Details
    • New
      $950,000
      5,704 SF

      Move-in Ready Daycare Facility

      Turnkey daycare facility in a high-visibility location.
      239 E Griffin Ave, Mission, TX 78572
      View Details
    • $250,000
      1,192 SF

      Mission, TX Commercial Office

      Office space for sale featuring a reception area.
      2100 S Shary Rd, Mission, TX 78572
      View Details
    • $455,000
      4,107 SF

      Mixed-Use Property with Warehouse

      Mixed-use property with warehouse and two leased units.
      1717 La Homa Rd, Mission, TX 78574
      View Details
    • $1,500,000
      23,740 SF

      Mission, TX Commercial Opportunity

      Versatile 15,040 sq.ft. building on 0.69 acres.
      801 N Inspiration Rd, Mission, TX 78572
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully leased fourplex with positive cash flow in prime location.
    Where is this quadplex located?
    The property is located at 215 W Diamond Ave Mission, TX.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: - 100% Leased with Immediate Cash Flow; - Above $57,000 Gross Annual Income ($4,800 Monthly); - Low Maintenance
    (888) 519-7431
    Request Owner's contact information
    215 W Diamond Ave Mission, TX 78573
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 W Diamond Ave
    Mission, TX 78573
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 W Diamond Ave Mission, TX 78573
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mario E. Baez
    Mario E. Baez
    Real Estate License ID: 616428
    (888) 519-7431 (956) 827-0170
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!