4-Unit
New
For Sale
$450,000
1225 W Garfield Avenue, Mission, TX 78573
Each residence has two bedrooms, two bathrooms, and an open floor plan.
Property Size3,712 SF
Price / SF$121.23
Days on Market4
Property Features for 1225 W Garfield Avenue
General Information
Standard status
Active
Size
3,712 SF
Total Parking Spaces
8
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$9,645
Amenities
Tile
true
Laundry Closet,Washer/Dryer Connection
HidalgoCAD
Ceiling Fan(s),Central Vacuum
Wood
false
Sidewalks
Public
9199.872
8
0.2112
Detached
Paved
Slab
3712
2
1
Building Details
Building Size
3,712 SF
Year Built
2021
Stories
1
Listing Agency:
(956) 539-7317
Listed By:
Juan M. Hernandez
Source:
Cncrealtyrgv
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:28AM
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 Juan M. Hernandez
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2021, this 3,712-square-foot quadplex contains four matching residences. Each unit has two bedrooms, two bathrooms, an open floor plan, tile flooring, and essential appliances. Washer and dryer connections are provided in a laundry closet, and the interiors also include ceiling fans and central vacuum.
Eight covered carport spaces sit at the front of the property, with two assigned to each residence.
Eight covered carport spaces sit at the front of the property, with two assigned to each residence.
Key Highlights
- Four matching units, each with 2 bedrooms and 2 bathrooms
- 3,712 square feet
- Eight covered carport spaces, with two assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,461
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,220
$649.2K
Cap Rate 7%
$463,729
$463.7K
Cap Rate 9%
$360,678
$360.7K
Market Conditions
NOI Build-Up for 3,712 SF
Gross rent
$52.1K $14.04/SF
− Vacancy
−$5.7K −$1.55/SF
EGI
$46.4K $12.49/SF
− OpEx
−$13.9K −$3.75/SF
NOI
$32.5K $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%
$649,220
Cap Rate 7%
$463,729
Cap Rate 9%
$360,678
Alternative Uses
Best Use
Multifamily LT 5
$463.7K
$405.8K – $541.0K
NOI $32,461 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$427.0K
$373.6K – $498.1K
NOI $29,887 @ 7.0% cap · market cap 6.64%
Theoretical Best
Hotel Hospitality
$2.80M
$2.45M – $3.26M
NOI $195,715 @ 7.0% cap · market cap 43.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, two bathrooms, and an open floor plan.
Where is this quadplex located?
The property is located at 1225 W Garfield Avenue Mission, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four matching units, each with 2 bedrooms and 2 bathrooms; 3,712 square feet; Eight covered carport spaces, with two assigned to each unit
