4-Unit Quadplex with Covered
1008 W La Pointe Avenue, Mission, TX 78573
For Sale
$415,000
Each residence combines a private patio with in-unit laundry and a kitchen equipped with stainless steel appliances.
Property Size4,032 SF
Price / SF$102.93
Days on Market17
Property Features for 1008 W La Pointe Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
tile flooring
ceiling fans
granite countertops
stainless steel stove and refrigerator
washer and dryer included
private patio
covered carport parking
gated community
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Walk-In Closet(s)
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Accel Property Management & Investments, LLC
(956) 994-3000
Listed By:
Ann M. Anderson
(956) 827-3707
Source:
Gdvrealty
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 6 at 3:22PM
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 Accel Property Management & Investments, LLC
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Investment Insights
Based on property information with market context.
Built in 2022, this four-unit residential property contains 4,032 square feet. Each residence offers three bedrooms and two bathrooms, with tile flooring and ceiling fans throughout. Kitchens include granite countertops, stainless steel stoves and refrigerators, and the units come with washers and dryers. Each home also has a private patio and covered carport parking.
The property is situated within a gated community.
The property is situated within a gated community.
Key Highlights
- Four residences, each with 3 bedrooms and 2 bathrooms
- 4,032 square feet; built in 2022
- Granite‑countertop kitchens with stainless steel stove and refrigerator in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,200
$705.2K
Cap Rate 7%
$503,714
$503.7K
Cap Rate 9%
$391,778
$391.8K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$56.6K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.4K $12.49/SF
− OpEx
−$15.1K −$3.75/SF
NOI
$35.3K $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%
$705,200
Cap Rate 7%
$503,714
Cap Rate 9%
$391,778
Alternative Uses
Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 7.82%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 51.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
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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
$154,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Mission, TX
Properties on Market for Quadplexes in Mission
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence combines a private patio with in-unit laundry and a kitchen equipped with stainless steel appliances.
Where is this quadplex located?
The property is located at 1008 W La Pointe Avenue Mission, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Four residences, each with 3 bedrooms and 2 bathrooms; 4,032 square feet; built in 2022; Granite‑countertop kitchens with stainless steel stove and refrigerator in each unit
