Duplex with Private Fenced
New
For Sale
$255,000
1604 Barnes Street, Mission, TX 78572
Two separate residences provide full kitchens and individual outdoor space.
Property Size2,128 SF
Price / SF$119.83
Days on Market3
Property Features for 1604 Barnes Street
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
private fenced yard
Building Details
Year Built
1987
Construction
cinder block
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:47AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,128-square-foot duplex in Mission contains two 3-bedroom, 2-bathroom residences. Each unit has a full kitchen with ample storage and a private fenced yard. The building has cinder block construction on a concrete slab, and the roof was recently installed.
Built in 1987, the property is located at 1604 Barnes Street in Mission, Texas.
Built in 1987, the property is located at 1604 Barnes Street in Mission, Texas.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,128 square feet across the duplex
- Each residence includes a kitchen with storage and a private fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,609
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,180
$372.2K
Cap Rate 7%
$265,843
$265.8K
Cap Rate 9%
$206,767
$206.8K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$29.9K $14.04/SF
− Vacancy
−$3.3K −$1.55/SF
EGI
$26.6K $12.49/SF
− OpEx
−$8.0K −$3.75/SF
NOI
$18.6K $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%
$372,180
Cap Rate 7%
$265,843
Cap Rate 9%
$206,767
Alternative Uses
Best Use
Multifamily LT 5
$265.8K
$232.6K – $310.2K
NOI $18,609 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$244.8K
$214.2K – $285.6K
NOI $17,134 @ 7.0% cap · market cap 6.72%
Theoretical Best
Hotel Hospitality
$1.60M
$1.40M – $1.87M
NOI $112,199 @ 7.0% cap · market cap 44.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
237
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide full kitchens and individual outdoor space.
Where is this duplex located?
The property is located at 1604 Barnes Street Mission, TX.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,128 square feet across the duplex; Each residence includes a kitchen with storage and a private fenced yard
