Fourplex in HOA
For Sale
$510,000
1002 W 8th St, Mission, TX 78572
Residents have access to shared community maintenance and amenities, with shopping, schools, and an expressway nearby.
Property Size3,760 SF
Price / SF$135.64
Days on Market21
Property Features for 1002 W 8th St
General Information
Standard status
Active
Size
3,760 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,101
Building Details
Buildings
1
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Gregory A Vasquez · License #TEXAS0665545
(956) 289-3288
Source:
Exprealty
Added: Sep 23
Changed: Oct 2
Last Checked: Oct 13 at 1:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BIG Realty
Investment Insights
Based on property information with market context.
This fourplex in Mission, Texas, contains 3,760 square feet of total living area. The property is part of an HOA community that provides shared maintenance and amenities.
Shopping centers, schools, and an expressway are nearby.
Shopping centers, schools, and an expressway are nearby.
Key Highlights
- 3,760 square feet of total living area
- Part of an HOA community with shared maintenance and amenities
- Near shopping centers, schools, and an expressway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,881
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,620
$657.6K
Cap Rate 7%
$469,729
$469.7K
Cap Rate 9%
$365,344
$365.3K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$52.8K $14.04/SF
− Vacancy
−$5.8K −$1.55/SF
EGI
$47.0K $12.49/SF
− OpEx
−$14.1K −$3.75/SF
NOI
$32.9K $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 Rate 5%
$657,620
Cap Rate 7%
$469,729
Cap Rate 9%
$365,344
Alternative Uses
Best Use
Multifamily LT 5
$469.7K
$411.0K – $548.0K
NOI $32,881 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$432.5K
$378.4K – $504.6K
NOI $30,274 @ 7.0% cap · market cap 5.94%
Theoretical Best
Hotel Hospitality
$2.83M
$2.48M – $3.30M
NOI $198,246 @ 7.0% cap · market cap 38.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
891
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Residents have access to shared community maintenance and amenities, with shopping, schools, and an expressway nearby.
Where is this quadplex located?
The property is located at 1002 W 8th St Mission, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 3,760 square feet of total living area; Part of an HOA community with shared maintenance and amenities; Near shopping centers, schools, and an expressway
