Duplex with Rear
New
For Sale
$210,000
1014 N Saint Marie, Mission, TX 78572
A four-bedroom residence is paired with a separately metered rear dwelling with alley access and covered parking.
Property Size2,070 SF
Price / SF$101.45
Days on Market3
Property Features for 1014 N Saint Marie
General Information
Standard status
Active
Size
2,070 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
covered parking/patio area
Building Details
Year Built
1973
Listing Agency:
Tnt Real Estate
Listed By:
Lilliana Garza · License #801071583
(956) 222-5963
Source:
Tnt
Added: Oct 1
Last Checked: Oct 2 at 5:44PM
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
Investment Insights
Based on property information with market context.
The property combines a four-bedroom, two-bathroom main residence with a separate rear dwelling offering one bedroom, one bathroom, a kitchen area, and a bonus storage room. Each dwelling has its own electric meter. The rear unit also has private access from the alley and a covered parking and patio area. The property was built in 1973.
Key Highlights
- Main residence has 4 bedrooms and 2 bathrooms
- Separate rear dwelling includes 1 bedroom, 1 bathroom, a kitchen area, and bonus storage room
- Separate electric meters for both dwellings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,102
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$362,040
$362.0K
Cap Rate 7%
$258,600
$258.6K
Cap Rate 9%
$201,133
$201.1K
Market Conditions
NOI Build-Up for 2,070 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.1K $14.04/SF
− Vacancy
−$3.2K −$1.55/SF
EGI
$25.9K $12.49/SF
− OpEx
−$7.8K −$3.75/SF
NOI
$18.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$362,040
Cap Rate 7%
$258,600
Cap Rate 9%
$201,133
Alternative Uses
Best Use
Multifamily LT 5
$258.6K
$226.3K – $301.7K
NOI $18,102 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$238.1K
$208.3K – $277.8K
NOI $16,667 @ 7.0% cap · market cap 7.94%
Theoretical Best
Hotel Hospitality
$1.56M
$1.36M – $1.82M
NOI $109,141 @ 7.0% cap · market cap 51.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
957
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - A four-bedroom residence is paired with a separately metered rear dwelling with alley access and covered parking.
Where is this duplex located?
The property is located at 1014 N Saint Marie Mission, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Main residence has 4 bedrooms and 2 bathrooms; Separate rear dwelling includes 1 bedroom, 1 bathroom, a kitchen area, and bonus storage room; Separate electric meters for both dwellings
