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Apartment Building with Individual Utilities
For Sale
$550,000

5020 La Homa Road, Mission, TX 78574

MULTI_FAMILY - Mission, TX

Property Size7,113 SF
Lot Size1.15 Acres
Price / SF$77.32
Days on Market67

Property Features for 5020 La Homa Road

General Information

Property type Residential Multi Family
Property subtype Other
Parking features None
Exterior features Mature Trees
Fencing Chain Link
Appliances Electric Water Heater, Stove/Range-Electric Coil
Subdivision New Caledonia #3
Elementary school Lloyd Dolly Bentsen
Middle school La Joya Palmview
High school Palmview H.S.
Elementary school district Sharyland ISD
Middle school district Sharyland ISD
High school district Sharyland ISD
Directions From west on I-2, take exit 133 for Bentsen Palm Dr/La Homa Rd. Continue north on N La Homa Rd for approximately 15 miles. The property will be on your right-hand side.
Standard status Active
APN N120003000003510
Size 7,113 SF
Lot size 1.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8463

Utilities

Heating system Central
Cooling system Central Air

Building Details

Year built 1995
Floors in Building 1
Number of units 9
Building materials Brick, Block, Solid Masonry
Roof type Shingle, Metal
Listing Agency: Effective Real Estate
Listed By: Ryan J. Mcdaniel
Added: Jun 8 Changed: Aug 13 Last Checked: Aug 13 at 7:06AM
MLS# 505698

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.

North La Homa Apts is a multifamily apartment building in Mission, TX, built in 1995. The property contains nine apartment units, each configured as two bedrooms and one bathroom. Each unit is fully equipped with its own electric and water meters, supporting privacy and straightforward utility separation. The building is constructed with brick, block, and solid masonry, and is served by central heating and central air conditioning. Appliances listed include an electric water heater and a stove/range-electric coil.

Exterior features include mature trees and chain-link fencing, with a metal and shingle roof. Parking is listed as none.

The site totals 1.15 acres and the property size is 7,113 square feet. Additional on-site improvements and finishes include the listed heating, cooling, and exterior characteristics that support day-to-day residential use.

Key Highlights

  • Nine total units, each 2 bed and 1 bath
  • Each unit has its own electric and water meters
  • Built in 1995 with brick, block, and solid masonry construction

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Pharmacy Kitchen & Bath Showroom Garden Center HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

121
Businesses Nearby

Demographics for 78574, TX

63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Mission apartment building built in 1995 with individual electric and water meters for each 2-bedroom unit.
Where is this apartment building located?
The property is located at 5020 La Homa Road Mission, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Nine total units, each 2 bed and 1 bath; Each unit has its own electric and water meters; Built in 1995 with brick, block, and solid masonry construction
More about this property
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