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    1802 W Ramirez Street, Mission, TX 78572

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    Claim this Listing
    Pending
    $495,000

    MULTI_FAMILY - Mission, TX

    Property size:
    3,634 SF
    Lot size:
    0.22 Acres
    Added:
    Jun 6, 2026
    Days on Market:
    24
    Last Refresh:
    Jun 29 at 8:06 am

    Property Features for 1802 W Ramirez Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    8
    Parking features
    Garage
    Patio and Porch features
    Patio
    Exterior features
    Sprinkler System
    Fencing
    Privacy
    Appliances
    Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
    Standard status
    Pending
    APN
    I405500000000700
    Size
    3,634 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    12992

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    2023
    Floors in Building
    1
    Number of units
    4
    Building materials
    Stucco
    Roof type
    Composition

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    Daniel A. Chapa
    Daniel A. Chapa

    Listing agent Daniel A. Chapa

    Listing office Dillard and Chapa Real Estate 313 E Tom Landry St., Ste. A, Mission, TX

    Listing date Jun 6, 2026

    MLS# 453959 Listing URL

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Newly constructed in 2023.
    • Each unit includes stainless steel kitchen appliances (refrigerator, stove, microwave), and a washer and dryer.
    • Granite kitchen countertops.
    • Enjoy open concept living, dining, and kitchen areas.
    • Tiled floors throughout.
    • Fenced patio area.

    Overview

    This four-unit residential income property was built in 2023 and is configured as a quadplex. The building includes two two-bedroom, two-bath units and two three-bedroom, two-bath units. Each unit features an open-concept layout connecting the living, dining, and kitchen areas, with tiled flooring throughout. Kitchens include granite countertops and stainless steel appliances, and each unit is equipped with a washer and dryer. Select outdoor space is provided with fenced patio areas for added privacy and usability.

    The property is located at 1802 W Ramirez Street in Mission, Texas (78572) within Hidalgo County.

    For tenants, the mix of two-bedroom and three-bedroom floor plans can help accommodate different household sizes within one building. For buyers, it presents a newer construction multifamily asset with consistent unit features, including covered parking and in-unit laundry, supported by the property’s uniform configuration across all four units.

    Local Financial Insights For Multifamily LT 5

    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 $51.0k $14.04
    − Vacancy −$5.6k −$1.55
    EGI $45.4k $12.49
    − OpEx −$13.6k −$3.75
    NOI $31.8k $8.74
    3,634 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $454.0K
    $397.2K – $529.7K (±1% cap)
    NOI $31,779 @ 7.0% cap · market cap 6.42%
    Second Best
    Apartment 5plus
    $418.0K
    $365.7K – $487.7K (±1% cap)
    NOI $29,259 @ 7.0% cap · market cap 5.91%
    Theoretical Best
    Hotel Hospitality
    $2.74M
    $2.40M – $3.19M (±1% cap)
    NOI $191,603 @ 7.0% cap · market cap 38.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.342956
    Latitude
    26.248603

    FAQs

    What type of property is this?
    Quadplex - Built in 2023, this four-unit quadplex offers fenced patio areas, covered parking, and in-unit laundry amenities.
    Where is this quadplex located?
    The property is located at 1802 W Ramirez Street Mission, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Newly constructed in 2023.; Each unit includes stainless steel kitchen appliances (refrigerator, stove, microwave), and a washer and dryer.; Granite kitchen countertops.
    More about this property
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