Fully Leased Four-Plex
For Sale
$499,000
2605 E Israel Avenue, Mission, TX 78573
MULTI_FAMILY - Mission, TX
Property Size4,032 SF
Lot Size0.26 Acres
Price / SF$123.76
Days on Market40
Property Features for 2605 E Israel Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Patio and Porch features
Patio
Appliances
Electric Water Heater, Dryer, Stove/Range-Electric Smooth, Washer
Subdivision
Sunterra
Lot features
Professional Landscaping, Sidewalks
Elementary school
Cantu
Middle school
Sharyland North Junior
High school
Sharyland Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
From Expressway 83, North on Shary Rd, West on Lark Ave, North on Stewart Rd, East on Israel Ave.
Standard status
Active
APN
S706500000000400
Size
4,032 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12735
HOA Fee
$500 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
8
Building materials
Brick
Roof type
Shingle
Listing Agency:
The International Real Estate Company
(956) 400-0192
Listed By:
Monica J. Acevedo
(956) 703-6377
Added: Jun 24
Last Checked: Aug 2 at 6:06AM
MLS# 493782
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 custom four-plex was built in 2024 and is fully leased. The property includes four separate units, each configured with 3 bedrooms and 2 bathrooms. Interiors feature an open-concept layout with tile flooring throughout, along with included appliances and in-unit laundry for day-to-day convenience. The building presents a brick exterior, and each unit benefits from private fencing.
Located in Mission, Texas, the property is identified as part of the Sunterra Estates community per the remarks provided. The listing also notes zoning to Sharyland ISD.
For investors seeking an income-producing multifamily asset, this configuration provides four distinct 3-bedroom units within a newer construction footprint. The in-unit laundry and included appliances may help reduce resident friction, while the private fencing and brick exterior support a more established residential presentation. As described, the property is offered for sale as a fully leased four-plex, which can appeal to buyers looking for an already occupied rental setup.
Located in Mission, Texas, the property is identified as part of the Sunterra Estates community per the remarks provided. The listing also notes zoning to Sharyland ISD.
For investors seeking an income-producing multifamily asset, this configuration provides four distinct 3-bedroom units within a newer construction footprint. The in-unit laundry and included appliances may help reduce resident friction, while the private fencing and brick exterior support a more established residential presentation. As described, the property is offered for sale as a fully leased four-plex, which can appeal to buyers looking for an already occupied rental setup.
Key Highlights
- Brand‑new 2024‑built four‑plex with four units
- Each unit offers 3 bedrooms and 2 bathrooms
- Central heating and central air; brick exterior with shingle roof
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 | $56.6k | $14.04 |
| − Vacancy | −$6.2k | −$1.55 |
| EGI | $50.4k | $12.49 |
| − OpEx | −$15.1k | −$3.75 |
| NOI | $35.3k | $8.74 |
4,032 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 6.51%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 42.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
63
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Newly built four-plex with in-unit laundry, tiled interiors, and included appliances, offering a fully leased rental setup.
Where is this quadplex located?
The property is located at 2605 E Israel Avenue Mission, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Brand‑new 2024‑built four‑plex with four units; Each unit offers 3 bedrooms and 2 bathrooms; Central heating and central air; brick exterior with shingle roof
