3115 E Diamondhead Avenue, Mission, TX 78573
MULTI_FAMILY - Mission, TX
- Added:
- Feb 26, 2026
- Days on Market:
- 104
- Last Refresh:
- Jun 10 at 4:06 am
Property Features for 3115 E Diamondhead Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Mature Trees
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Dryer, Stove/Range, Washer
- Standard status
- Active
- APN
- E443500000002400
- Size
- 3,640 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7026
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2007
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Nacole Ricks (956) 207-0456
Listing office eXp Realty LLC 9600 Great Hills Trail #150w, Austin, TX (888) 519-7431
Listing date Feb 26, 2026
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.
HighLights
- 2007‑built 4‑plex with 4 units, each a 2 bed / 2 bath layout
- 100% occupied with long‑term tenants in place for 5–8 years
- Recent improvements: repaired roof (2023), new paint and repairs for the entire 4‑plex (2023), and new exterior paint (2024)
- Central air with electric heat; includes electric water heater, stove/range, washer, and dryer in‑unit
- Parking and security: garage parking, privacy fencing, and new exterior lights and cameras
- Utilities and service: public water; AC exterior units cleaned (2023) and dryer exhaust roof vents cleaned
Overview
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 | $51.1k | $14.04 |
| − Vacancy | −$5.6k | −$1.55 |
| EGI | $45.5k | $12.49 |
| − OpEx | −$13.6k | −$3.75 |
| NOI | $31.8k | $8.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.283028
- Latitude
- 26.288857
