Fourplex with Private Backyard
For Sale
$365,000
3709 N Inspiration Road, Mission, TX 78572
MULTI_FAMILY - Mission, TX
Property Size2,720 SF
Lot Size0.28 Acres
Price / SF$134.19
Days on Market107
Property Features for 3709 N Inspiration Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Other
Fencing
Privacy
Appliances
Electric Water Heater, Refrigerator, Stove/Range
Subdivision
Taurus Estates #2
Lot features
Sidewalks
Elementary school
Escandon
Middle school
Garcia
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 Mile 2 and Inspiration head north on Inspiration Rd, about 1/2 mile property will be on the left hand side.
Standard status
Active
APN
T094002000019300
Size
2,720 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5757
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Number of units
4
Building materials
Brick, Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: May 14
Changed: Jul 31
Last Checked: Aug 28 at 10:06AM
MLS# 478703
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.
Fourplex (quadplex) at 3709 N Inspiration Road in Mission, TX, built in 1998. The property includes four units, and each unit is configured as two bedrooms and one bathroom. Units have washer and dryer connections, tile flooring, and private access to the backyard. A front parking area serves the property, and the perimeter is fully fenced with privacy fencing.
On-site utilities are supported by public water service. Construction materials include brick and stucco, with a shingle roof. Heating and cooling are provided via central systems, with central air conditioning.
Each unit includes a basic appliance package, including an electric water heater, refrigerator, and stove/range. The home is described as centrally located in a high-traffic area near Expressway 83, Hollis Park, Dollar General, and Fire Station #4.
On-site utilities are supported by public water service. Construction materials include brick and stucco, with a shingle roof. Heating and cooling are provided via central systems, with central air conditioning.
Each unit includes a basic appliance package, including an electric water heater, refrigerator, and stove/range. The home is described as centrally located in a high-traffic area near Expressway 83, Hollis Park, Dollar General, and Fire Station #4.
Key Highlights
- Four two‑bedroom, one‑bath units in a fourplex configuration
- Washer and dryer connections in each unit plus tile flooring
- Private access to the backyard and fully fenced privacy yard
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
$23,786
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
6.52%
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%
$475,720
$475.7K
Cap Rate 7%
$339,800
$339.8K
Cap Rate 9%
$264,289
$264.3K
Market Conditions
NOI Build-Up for 2,720 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
$38.2K $14.04/SF
− Vacancy
−$4.2K −$1.55/SF
EGI
$34.0K $12.49/SF
− OpEx
−$10.2K −$3.75/SF
NOI
$23.8K $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%
$475,720
Cap Rate 7%
$339,800
Cap Rate 9%
$264,289
Alternative Uses
Best Use
Multifamily LT 5
$339.8K
$297.3K – $396.4K
NOI $23,786 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$312.9K
$273.8K – $365.0K
NOI $21,900 @ 7.0% cap · market cap 6.00%
Theoretical Best
Hotel Hospitality
$2.05M
$1.79M – $2.39M
NOI $143,412 @ 7.0% cap · market cap 39.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
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 - Fourplex in Mission, TX with two-bedroom, one-bath units, private backyard access, front parking, and a privacy-fenced yard.
Where is this quadplex located?
The property is located at 3709 N Inspiration Road Mission, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units in a fourplex configuration; Washer and dryer connections in each unit plus tile flooring; Private access to the backyard and fully fenced privacy yard
