Triplex with Two Studio
For Sale
$296,000
1012 Glasscock Road N, Mission, TX 78572
Residential Income, Mission, TX
Property Size2,816 SF
Lot Size0.45 Acres
Price / SF$105.11
Days on Market49
Property Features for 1012 Glasscock Road N
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
3
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Mature Trees
Fencing
Privacy
Fireplace
1
Appliances
Electric Water Heater, Water Heater (Other), Tankless Water Heater, Smooth Electric Cooktop, Refrigerator
Subdivision
Sharyland Orchards
Lot features
Corner Lot, Curb & Gutters
Elementary school
Shary
Middle school
B.L. Gray Junior High
High school
Sharyland H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
From Buss. 83 go North on Glasscock. House is in the corner of School Lane and Glasscock RD. From Shary Rd. go West on School lane, House is in the corner of School Lane and Glasscock RD.
Standard status
Active
APN
S3000000000038
Size
2,816 SF
Lot size
0.45 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4949
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Number of units
3
Building materials
Brick, HardiPlank Type, Siding, Stucco, Vinyl Siding
Roof type
Metal, Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Jose Luis Adame
(956) 655-1263
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 29 at 4:06AM
MLS# 515072
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.
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Investment Insights
Based on property information with market context.
This 2,816-square-foot triplex sits on 0.45 acres and comprises a four-bedroom, two-bath main residence alongside two studio apartments. The property was built in 1981 and is currently tenant-occupied. Mature trees, a patio, privacy fencing, and a garage are among the site and building features. The main home has original hardwood floors and a living-room fireplace.
The property is in Mission, Texas, in Hidalgo County. Public water serves the site, and the main residence has central electric heating and cooling.
The property is in Mission, Texas, in Hidalgo County. Public water serves the site, and the main residence has central electric heating and cooling.
Key Highlights
- 2,816‑square‑foot property on 0.45 acres
- Four‑bedroom, two‑bath main residence plus two studio apartments
- Currently tenant‑occupied
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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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
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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 and two studio units are situated on a tree-shaded parcel.
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: 2,816‑square‑foot property on 0.45 acres; Four‑bedroom, two‑bath main residence plus two studio apartments; Currently tenant‑occupied
