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9-Unit Apartment Building
For Sale
$550,000

5020 N La Homa Rd., Mission, TX 78574

MULTI_FAMILY - Mission, TX

Property Size7,114 SF
Lot Size1.15 Acres
Price / SF$77.31
Days on Market67

Property Features for 5020 N La Homa Rd.

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 2, Bathroom 1, Bedroom 1
Parking features Carport, Garage
Pets allowed No
Interior features Ceiling Fan(s)
Exterior features Fence
Fencing Fenced
Appliances Stove
Subdivision New Caledonia UT NO. 3
Elementary school district Sharyland ISD
Middle school district Sharyland ISD
High school district Sharyland ISD
Standard status Active
Size 7,114 SF
Lot size 1.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8463

Building Details

Year built 1996
Floors in Building 1
Number of units 9
Flooring type Vinyl, Concrete
Listing Agency: Effective Real Estate
Listed By: Ryan McDaniel
Added: Jun 8 Changed: Jul 30 Last Checked: Aug 13 at 7:06AM
MLS# 106387

Copyright © 2026 South Padre Island Board 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 9-unit apartment building built in 1996 on a 1.15-acre lot. The property includes nine 2-bedroom, 1-bath apartment units. Each unit has its own electric and water meters.

The apartments feature ceiling fans, with vinyl and concrete flooring. Appliances include a stove. Exterior amenities include fencing, along with carport and garage parking.

Zoned R, the property is positioned for multifamily occupancy in Mission, TX.

Key Highlights

  • 9 apartment units, each 2 bed and 1 bath
  • 1.15‑acre lot
  • Each unit has its own electric and water meters

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

Location Intelligence

Trade Area within ½ mile

143
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 - R-zoned 9-unit apartment building with fenced site and carport/garage parking.
Where is this apartment building located?
The property is located at 5020 N La Homa Rd. 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: 9 apartment units, each 2 bed and 1 bath; 1.15‑acre lot; Each unit has its own electric and water meters
More about this property
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