Brick Quadplex with New
For Sale
$315,000
3501 N Inspiration Road, Mission, TX 78573
MULTI_FAMILY - Mission, TX
Property Size3,520 SF
Lot Size0.28 Acres
Price / SF$89.49
Days on Market136
Property Features for 3501 N Inspiration Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Fencing
Chain Link
Appliances
Electric Water Heater
Subdivision
Taurus Estates #2
Elementary school
Camarena
Middle school
Memorial
High school
Palmview H.S.
Elementary school district
La Joya ISD
Middle school district
La Joya ISD
High school district
La Joya ISD
Directions
Corner of Mile 2 Road and Inspiration Road. Head North on Inspiration Road, property will be on your left-hand side right before reaching Orquieda Street.
Standard status
Active
APN
T094002000018200
Size
3,520 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
6449
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2002
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Joshua I. Benavides
(956) 223-9200
Added: Apr 15
Changed: Jul 29
Last Checked: Aug 28 at 9:06PM
MLS# 496275
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 brick quadplex is well maintained and built for everyday reliability, with a shingle roof and a “new roof” noted in the property remarks. The property was constructed in 2002 and includes central heating and central air conditioning for year-round comfort, plus an electric water heater. Chain link fencing is in place, and the home is served by public water.
The property is located at 3501 N Inspiration Road in Mission, TX, just off Mile 2 Road and Inspiration Road. It is described as being directly across from a well-kept park and near a nearby laundromat, adding convenience for residents. Parking is listed as none.
Set on a 0.2788-acre lot with a 3,520-square-foot property size, this fourplex configuration is positioned to support consistent tenant demand in a convenient, amenity-adjacent area of Hidalgo County.
The property is located at 3501 N Inspiration Road in Mission, TX, just off Mile 2 Road and Inspiration Road. It is described as being directly across from a well-kept park and near a nearby laundromat, adding convenience for residents. Parking is listed as none.
Set on a 0.2788-acre lot with a 3,520-square-foot property size, this fourplex configuration is positioned to support consistent tenant demand in a convenient, amenity-adjacent area of Hidalgo County.
Key Highlights
- Brick quadplex with shingle roof and a new roof noted in the remarks
- Built in 2002 with central heat and central air
- 3,520 SF property size on a 0.2788‑acre lot
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
$28,341
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
9.00%
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%
$566,820
$566.8K
Cap Rate 7%
$404,871
$404.9K
Cap Rate 9%
$314,900
$314.9K
Market Conditions
NOI Build-Up for 3,520 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
$58.3K $16.56/SF
− Vacancy
−$6.8K −$1.92/SF
EGI
$51.5K $14.64/SF
− OpEx
−$23.2K −$6.59/SF
NOI
$28.3K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
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%
$566,820
Cap Rate 7%
$404,871
Cap Rate 9%
$314,900
Alternative Uses
Best Use
Multifamily LT 5
$439.7K
$384.8K – $513.0K
NOI $30,782 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$404.9K
$354.3K – $472.4K
NOI $28,341 @ 7.0% cap · market cap 9.00%
Theoretical Best
Hotel Hospitality
$2.65M
$2.32M – $3.09M
NOI $185,592 @ 7.0% cap · market cap 58.92%
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
100
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 - Well-maintained brick quadplex with central HVAC, shingle roof, and public utilities on a small corner-lot site in Mission.
Where is this quadplex located?
The property is located at 3501 N Inspiration Road Mission, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Brick quadplex with shingle roof and a new roof noted in the remarks; Built in 2002 with central heat and central air; 3,520 SF property size on a 0.2788‑acre lot
