Brick Fourplex with New
For Sale
$315,000
3501 N Inspiration Road, Mission, TX 78573
Residential Income, Mission, TX
Property Size3,520 SF
Lot Size0.28 Acres
Price / SF$89.49
Days on Market182
Property Features for 3501 N Inspiration Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
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: Oct 8
Last Checked: Oct 13 at 1:06PM
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 fourplex contains 3,520 square feet on a 0.2788-acre parcel and was built in 2002. The brick structure has a new shingle roof, central heating, central air conditioning, an electric water heater, public water service, and chain-link fencing. On-site parking is not provided.
The property is positioned just off Mile 2 Road and Inspiration Road in Mission, across from a park and near a laundromat. Schools and public transportation are also identified in the surrounding area. Its four-unit configuration and established building systems provide a straightforward multifamily asset profile.
The property is positioned just off Mile 2 Road and Inspiration Road in Mission, across from a park and near a laundromat. Schools and public transportation are also identified in the surrounding area. Its four-unit configuration and established building systems provide a straightforward multifamily asset profile.
Key Highlights
- Fourplex with 3,520 square feet on a 0.2788‑acre lot
- New shingle roof
- Built in 2002 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,341
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit brick property with central HVAC, public water, and convenient access to a park and nearby everyday services.
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: Fourplex with 3,520 square feet on a 0.2788‑acre lot; New shingle roof; Built in 2002 with brick construction
