Multi-Family Apartment Building with Eight
For Sale
$529,000
5600 N Abram Road, Mission, TX 78574
MULTI_FAMILY - Mission, TX
Property Size5,986 SF
Lot Size2.00 Acres
Price / SF$88.37
Days on Market21
Property Features for 5600 N Abram Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Other
Appliances
Water Heater (Other), Microwave, Refrigerator, Stove/Range-Electric Smooth
Subdivision
Porcion 48
Elementary school
Gonzalez
Middle school
Salinas
High school
La Joya H.S.
Elementary school district
Mission ISD
Middle school district
Mission ISD
High school district
Mission ISD
Directions
Via Farm to Market Rd 676, head toward N Brushline Rd and Turn left onto N Abram Rd. Destination will be on the right
Standard status
Active
APN
1004800000007650
Size
5,986 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9397
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2015
Floors in Building
1
Number of units
8
Building materials
Stucco
Roof type
Metal
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan J. Mcdaniel
(956) 299-2111
Added: Jul 24
Changed: Aug 13
Last Checked: Aug 13 at 7:06AM
MLS# 509579
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.
Multi-family apartment building at 5600 N Abram Rd, Mission, TX 78574, featuring eight separate residential units. The property sits on a 2-acre lot and has a building size of 5,986 square feet. Constructed in 2015, the exterior is built with stucco and topped with a metal roof.
The building is served by public water. Heating is electric and centrally provided, with central air and electric cooling. In-unit appliances noted include a microwave, refrigerator, and electric smooth-range stove.
This configuration supports tenants across multiple units within a single apartment building footprint.
The building is served by public water. Heating is electric and centrally provided, with central air and electric cooling. In-unit appliances noted include a microwave, refrigerator, and electric smooth-range stove.
This configuration supports tenants across multiple units within a single apartment building footprint.
Key Highlights
- Eight separate residential units
- 2‑acre lot with 5,986 square feet building area
- Built in 2015
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
$48,196
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
9.11%
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%
$963,920
$963.9K
Cap Rate 7%
$688,514
$688.5K
Cap Rate 9%
$535,511
$535.5K
Market Conditions
NOI Build-Up for 5,986 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
$99.1K $16.56/SF
− Vacancy
−$11.5K −$1.92/SF
EGI
$87.6K $14.64/SF
− OpEx
−$39.4K −$6.59/SF
NOI
$48.2K $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%
$963,920
Cap Rate 7%
$688,514
Cap Rate 9%
$535,511
Alternative Uses
Best Use
Apartment 5plus
$688.5K
$602.5K – $803.3K
NOI $48,196 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.51M
$3.95M – $5.26M
NOI $315,612 @ 7.0% cap · market cap 59.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building on a 2-acre lot with eight units and central electric heating and cooling.
Where is this apartment building located?
The property is located at 5600 N Abram Road Mission, TX.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Eight separate residential units; 2‑acre lot with 5,986 square feet building area; Built in 2015
