Four-Unit
For Sale
$490,000
7111 N 59th Lane, Mission, TX 78573
Residential Income, Mission, TX
Property Size4,131 SF
Lot Size0.30 Acres
Price / SF$118.62
Days on Market92
Property Features for 7111 N 59th Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Parking features
None
Exterior features
Motorized Gate, Sprinkler System
Fencing
Gate
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dryer, Oven-Single, Refrigerator, Washer
Subdivision
Shary Manor
Lot features
Cul-De-Sac, Curb & Gutters, Sidewalks
Elementary school
O'Garza
Middle school
North Jr. High
High school
Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
Drive north on Shary Rd. passed 4 mile. Turn East (right) on Robin Ave and take the first turn South (right) and you will find the property at the end of the street on the East (right) side.
Standard status
Active
APN
1371371
Size
4,131 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12364
HOA Fee
$600 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jalyssa Garza
(956) 655-2191
Added: Jun 19
Changed: Sep 16
Last Checked: Sep 18 at 12:06PM
MLS# 501411
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.
Built in 2022, this 4,131-square-foot quadplex contains four residential units: three with 3 bedrooms and 2 bathrooms, plus one with 2 bedrooms and 2 bathrooms. The residences include living areas, full kitchens, bedrooms, and bathrooms, with central heating and central air. Brick construction, shingle roofing, public water, and an electric water heater support the property's core infrastructure. Appliances include refrigerators, ovens, smooth electric cooktops, washers, and dryers.
One unit is vacant, while the remaining residences provide an occupied-unit configuration. The property sits on 0.2952 acres in Mission, Texas, near schools, shopping, dining, and major roadways. Exterior features include a motorized gate and sprinkler system; the property does not include designated parking.
One unit is vacant, while the remaining residences provide an occupied-unit configuration. The property sits on 0.2952 acres in Mission, Texas, near schools, shopping, dining, and major roadways. Exterior features include a motorized gate and sprinkler system; the property does not include designated parking.
Key Highlights
- 2022‑built quadplex totaling 4,131 square feet
- Unit mix includes three 3‑bedroom, 2‑bath units and one 2‑bedroom, 2‑bath unit
- One unit is currently vacant
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
$36,125
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
7.37%
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%
$722,500
$722.5K
Cap Rate 7%
$516,071
$516.1K
Cap Rate 9%
$401,389
$401.4K
Market Conditions
NOI Build-Up for 4,131 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
$58.0K $14.04/SF
− Vacancy
−$6.4K −$1.55/SF
EGI
$51.6K $12.49/SF
− OpEx
−$15.5K −$3.75/SF
NOI
$36.1K $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%
$722,500
Cap Rate 7%
$516,071
Cap Rate 9%
$401,389
Alternative Uses
Best Use
Multifamily LT 5
$516.1K
$451.6K – $602.1K
NOI $36,125 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$475.2K
$415.8K – $554.4K
NOI $33,261 @ 7.0% cap · market cap 6.79%
Theoretical Best
Hotel Hospitality
$3.11M
$2.72M – $3.63M
NOI $217,807 @ 7.0% cap · market cap 44.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
71
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
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 - Brick multifamily property with varied floor plans, central HVAC, full kitchens, and one currently vacant residence.
Where is this quadplex located?
The property is located at 7111 N 59th Lane Mission, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 2022‑built quadplex totaling 4,131 square feet; Unit mix includes three 3‑bedroom, 2‑bath units and one 2‑bedroom, 2‑bath unit; One unit is currently vacant
