5-Unit Apartment
New
For Sale
$330,000
116 E 13th Street, Mission, TX 78572
Built in 1975, the property is one block from North Conway Avenue.
Property Size2,797 SF
Lot Size0.26 Acres
Price / SF$117.98
Days on Market2
Property Features for 116 E 13th Street
General Information
Standard status
Active
Size
2,797 SF
Lot size
0.26 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
5
Building Details
Year Built
1975
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:45AM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This 5-unit apartment building in Mission, Texas, contains 2,797 square feet and was built in 1975. The property occupies a 0.26-acre parcel.
The building is located one block from North Conway Avenue at 116 E 13th Street.
The building is located one block from North Conway Avenue at 116 E 13th Street.
Key Highlights
- Five apartment units
- 2,797 square feet of building area
- 0.26‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,520
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,400
$450.4K
Cap Rate 7%
$321,714
$321.7K
Cap Rate 9%
$250,222
$250.2K
Market Conditions
NOI Build-Up for 2,797 SF
Gross rent
$46.3K $16.56/SF
− Vacancy
−$5.4K −$1.92/SF
EGI
$40.9K $14.64/SF
− OpEx
−$18.4K −$6.59/SF
NOI
$22.5K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,400
Cap Rate 7%
$321,714
Cap Rate 9%
$250,222
Alternative Uses
Best Use
Apartment 5plus
$321.7K
$281.5K – $375.3K
NOI $22,520 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.11M
$1.84M – $2.46M
NOI $147,472 @ 7.0% cap · market cap 44.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
826
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?
Apartment building - Built in 1975, the property is one block from North Conway Avenue.
Where is this apartment building located?
The property is located at 116 E 13th Street Mission, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Five apartment units; 2,797 square feet of building area; 0.26‑acre parcel
