Duplex with Renovated
For Sale
$270,000
Pending
2201 Jose De La Cruz Road, Mission, TX 78574
MULTI_FAMILY - Mission, TX
Property Size1,970 SF
Lot Size0.19 Acres
Days on Market308
Property Features for 2201 Jose De La Cruz Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Parking features
None
Exterior features
Mature Trees
Appliances
Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth
Subdivision
Good Valley Ranch #1
Lot features
Corner Lot, Mature Trees
Elementary school
Kika De la Garza
Middle school
Trevino
High school
La Joya H.S.
Elementary school district
La Joya ISD
Middle school district
La Joya ISD
High school district
La Joya ISD
Directions
From the expressway (Expressway?83 / Business?US-83) in Mission. Travel north on Mile 5 Line Road. Continue north for approximately 0.9 miles, then turn west (left) onto Jose de la Cruz Road. Continue west on Jose de la Cruz Road-2201 will be along this stretch
Standard status
Pending
APN
G577001000000100
Size
1,970 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1215
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
electric fence
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Stephany Cisneros
(956) 600-5334
Added: Oct 25, 2025
Changed: Jul 29
Last Checked: Aug 28 at 10:06PM
MLS# 479324
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 duplex includes two units, with one fully renovated unit and one brand new unit. The exterior features stucco construction and a shingle roof, with heating and cooling provided by central systems. Electric appliances included in the home feature an electric water heater, refrigerator, and electric smooth stove/range.
The property sits on a 0.1935-acre lot and includes mature trees. Built in 1986, the home is secured with an electric fence.
The combination of a renovated unit and a brand new unit may support a variety of owner-occupied or rental configurations, with each unit presented for modern comfort and privacy behind the fenced perimeter.
The property sits on a 0.1935-acre lot and includes mature trees. Built in 1986, the home is secured with an electric fence.
The combination of a renovated unit and a brand new unit may support a variety of owner-occupied or rental configurations, with each unit presented for modern comfort and privacy behind the fenced perimeter.
Key Highlights
- Electric fence security
- Two units: one fully renovated and one brand new
- Central heating and central air
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
$17,228
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
6.38%
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%
$344,560
$344.6K
Cap Rate 7%
$246,114
$246.1K
Cap Rate 9%
$191,422
$191.4K
Market Conditions
NOI Build-Up for 1,970 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
$27.7K $14.04/SF
− Vacancy
−$3.0K −$1.55/SF
EGI
$24.6K $12.49/SF
− OpEx
−$7.4K −$3.75/SF
NOI
$17.2K $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%
$344,560
Cap Rate 7%
$246,114
Cap Rate 9%
$191,422
Alternative Uses
Best Use
Multifamily LT 5
$246.1K
$215.4K – $287.1K
NOI $17,228 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$226.6K
$198.3K – $264.4K
NOI $15,861 @ 7.0% cap · market cap 5.87%
Theoretical Best
Hotel Hospitality
$1.48M
$1.30M – $1.73M
NOI $103,868 @ 7.0% cap · market cap 38.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
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?
Duplex - Duplex with one fully renovated unit and one brand new unit, secured by an electric fence and served by central HVAC.
Where is this duplex located?
The property is located at 2201 Jose De La Cruz Road Mission, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Electric fence security; Two units: one fully renovated and one brand new; Central heating and central air
