Single-Family
1404 N State Highway 359 Mathis, TX 78368
For Sale
$150,000
SINGLE_FAMILY - Mathis, TX
Property Size1,175 SF
Lot Size0.23 Acres
Price / SF$127.66
Days on Market481
Property Features for 1404 N State Highway 359
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Parking features
- Covered
- Standard status
- Active
- APN
- 50048
- Size
- 1,175 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Description
- ABST 4 DELGADO SUR. 0.2287 ACRES
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1995
- Floors in Building
- 1
- Building materials
- Brick, WoodSiding
- Roof type
- Metal
Listing Agency:
Underbrink Real Estate
(361) 877-2483
Listed By:
Sabra Underbrink · License #0546432
(361) 877-2483
Added: Mar 31, 2025
Changed: Jul 11
Last Checked: Jul 24 at 12:06AM
MLS# 456891
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale single-family residence at 1404 N State Highway 359 in Mathis, Texas, offers approximately 1,175 square feet of living space on a 0.23-acre lot. The property is positioned “just off” Hwy 359, providing convenient in-town access.
According to the listing remarks, the home is situated in the middle of town near Hwy 359. This placement can be appealing for buyers seeking an owner-occupied option or a property to hold as a rental, depending on their plans.
According to the listing remarks, the home is situated in the middle of town near Hwy 359. This placement can be appealing for buyers seeking an owner-occupied option or a property to hold as a rental, depending on their plans.
Key Highlights
- Built in 1995 with brick and wood siding exterior
- Metal roof
- Ductless heating plus window AC units for cooling
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.0k | $17.04 |
| − Vacancy | −$2.5k | −$2.15 |
| EGI | $17.5k | $14.89 |
| − OpEx | −$7.9k | −$6.70 |
| NOI | $9.6k | $8.19 |
1,175 SF · lease $17.04/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$137.5K
$120.3K – $160.4K
NOI $9,625 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$602.8K
$527.4K – $703.2K
NOI $42,194 @ 7.0% cap · market cap 28.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - For sale single-family home located just off Hwy 359 in Mathis on a 0.23-acre lot.
Where is this single family property located?
The property is located at 1404 N State Highway 359 Mathis, TX.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Built in 1995 with brick and wood siding exterior; Metal roof; Ductless heating plus window AC units for cooling
