3-Unit Triplex with
New
For Sale
$296,000
1012 Glasscock Road N, Mission, TX 78572
A four-bedroom main residence is accompanied by two studio apartments.
Property Size2,816 SF
Lot Size0.50 Acres
Price / SF$105.11
Days on Market4
Property Features for 1012 Glasscock Road N
General Information
Standard status
Active
Size
2,816 SF
Total Parking Spaces
3
Lot size
0.50 Acres
Property subtype
Multi Family Home
Units
Unit Mix
1 x 4BR/2BA, 2 x studio
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,949
Amenities
Bonus Room
Ceiling Fan(s)
Fireplace
Walk-In Closet(s)
Mature Trees
Building Details
Building Size
2,816 SF
Year Built
1981
Buildings
2
Stories
1
Units
3
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Jose Luis Adame
(956) 655-1263
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:50PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This 2,816-square-foot triplex, built in 1981, has a four-bedroom, two-bathroom main residence and two studio apartments. The home includes original hardwood flooring and a fireplace in the living room. The property occupies approximately half an acre and is currently tenant-occupied.
Located at 1012 Glasscock Road N in Mission, the property combines the main home with two separate studio units.
Located at 1012 Glasscock Road N in Mission, the property combines the main home with two separate studio units.
Key Highlights
- Three units: a 4‑bedroom, 2‑bath main residence and two studios
- 2,816 square feet on approximately half an acre
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,626
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,520
$492.5K
Cap Rate 7%
$351,800
$351.8K
Cap Rate 9%
$273,622
$273.6K
Market Conditions
NOI Build-Up for 2,816 SF
Gross rent
$39.5K $14.04/SF
− Vacancy
−$4.4K −$1.55/SF
EGI
$35.2K $12.49/SF
− OpEx
−$10.6K −$3.75/SF
NOI
$24.6K $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%
$492,520
Cap Rate 7%
$351,800
Cap Rate 9%
$273,622
Alternative Uses
Best Use
Multifamily LT 5
$351.8K
$307.8K – $410.4K
NOI $24,626 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$323.9K
$283.4K – $377.9K
NOI $22,673 @ 7.0% cap · market cap 7.66%
Theoretical Best
Hotel Hospitality
$2.12M
$1.86M – $2.47M
NOI $148,474 @ 7.0% cap · market cap 50.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
318
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - A four-bedroom main residence is accompanied by two studio apartments.
Where is this triplex located?
The property is located at 1012 Glasscock Road N Mission, TX.
What is the asking price?
The asking price for this property is $296,000.
What are key features of this property?
This property features: Three units: a 4‑bedroom, 2‑bath main residence and two studios; 2,816 square feet on approximately half an acre; Built in 1981
