4-Unit Quadplex with Covered
New
For Sale
$495,000
1803 W Ramirez Street, Mission, TX 78572
Each residence combines open living, dining, and kitchen areas with in-unit laundry and a fenced patio.
Property Size3,634 SF
Price / SF$136.21
Days on Market4
Property Features for 1803 W Ramirez Street
General Information
Standard status
Active
Size
3,634 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,732
Amenities
open concept living
tiled floors
fenced patio
covered parking
stainless steel kitchen appliances
granite countertops
washer and dryer in each unit
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Microwave
Washer
Sprinkler System
Building Details
Building Size
3,634 SF
Year Built
2023
Buildings
2
Stories
1
Units
4
Listing Agency:
Dillard and Chapa Real Estate
Listed By:
Daniel A. Chapa
(956) 271-2600
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 23 at 3:55PM
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 Dillard and Chapa Real Estate
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Investment Insights
Based on property information with market context.
Built in 2023, this 3,634-square-foot quadplex contains four residences: two with two bedrooms and two bathrooms, and two with three bedrooms and two bathrooms. Open-concept living, dining, and kitchen spaces are finished with tile flooring. Each unit includes stainless steel kitchen appliances, granite countertops, a washer and dryer, and a fenced patio. Covered parking serves the complex.
Key Highlights
- Four units across 3,634 square feet, built in 2023
- Two units have 2 bedrooms and 2 bathrooms; two have 3 bedrooms and 2 bathrooms
- Open‑concept living, dining, and kitchen areas with tile floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,779
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,580
$635.6K
Cap Rate 7%
$453,986
$454.0K
Cap Rate 9%
$353,100
$353.1K
Market Conditions
NOI Build-Up for 3,634 SF
Gross rent
$51.0K $14.04/SF
− Vacancy
−$5.6K −$1.55/SF
EGI
$45.4K $12.49/SF
− OpEx
−$13.6K −$3.75/SF
NOI
$31.8K $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%
$635,580
Cap Rate 7%
$453,986
Cap Rate 9%
$353,100
Alternative Uses
Best Use
Multifamily LT 5
$454.0K
$397.2K – $529.7K
NOI $31,779 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$418.0K
$365.7K – $487.7K
NOI $29,259 @ 7.0% cap · market cap 5.91%
Theoretical Best
Hotel Hospitality
$2.74M
$2.40M – $3.19M
NOI $191,603 @ 7.0% cap · market cap 38.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
90
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence combines open living, dining, and kitchen areas with in-unit laundry and a fenced patio.
Where is this quadplex located?
The property is located at 1803 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: Four units across 3,634 square feet, built in 2023; Two units have 2 bedrooms and 2 bathrooms; two have 3 bedrooms and 2 bathrooms; Open‑concept living, dining, and kitchen areas with tile floors
