Brick Triplex with Private
1004 N Holland Avenue, Mission, TX 78572
For Sale
$385,000
Three individually equipped residences provide two-bedroom layouts and outdoor space for each household.
Property Size2,805 SF
Price / SF$137.25
Days on Market16
Property Features for 1004 N Holland Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Construction
Listing Agency:
TNT Real Estate
(956) 322-3020
Listed By:
Miguel Vargas
(956) 560-8245
Source:
Exprealty
Added: Oct 25
Changed: Nov 7
Last Checked: Nov 8 at 6:48AM
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 TNT Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This new-build brick triplex contains three units, each with 2 bedrooms, 2 bathrooms, and a private yard. The 2,805-square-foot property is on a corner lot. Refrigerators, stoves, washers, and dryers are included in every residence, and the construction carries a builder warranty.
The property is located across from an elementary school at 1004 N Holland Avenue in Mission, Texas. Its three-unit configuration allows for separate households within one building.
The property is located across from an elementary school at 1004 N Holland Avenue in Mission, Texas. Its three-unit configuration allows for separate households within one building.
Key Highlights
- Three units, each with 2 bedrooms and 2 bathrooms
- Private yard provided for each residence
- 2,805 square feet on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,530
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,600
$490.6K
Cap Rate 7%
$350,429
$350.4K
Cap Rate 9%
$272,556
$272.6K
Market Conditions
NOI Build-Up for 2,805 SF
Gross rent
$39.4K $14.04/SF
− Vacancy
−$4.3K −$1.55/SF
EGI
$35.0K $12.49/SF
− OpEx
−$10.5K −$3.75/SF
NOI
$24.5K $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%
$490,600
Cap Rate 7%
$350,429
Cap Rate 9%
$272,556
Alternative Uses
Best Use
Multifamily LT 5
$350.4K
$306.6K – $408.8K
NOI $24,530 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$322.6K
$282.3K – $376.4K
NOI $22,584 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$986.7K
$863.4K – $1.15M
NOI $69,070 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
747
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
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Hidalgo County, TX
Properties on Market for Triplexes in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three individually equipped residences provide two-bedroom layouts and outdoor space for each household.
Where is this triplex located?
The property is located at 1004 N Holland Avenue Mission, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 2 bathrooms; Private yard provided for each residence; 2,805 square feet on a corner lot
