Four-Unit Residential Income
1803 W Ramirez Street Mission, TX 78572
For Sale
$495,000
MULTI_FAMILY - Mission, TX
Property Size3,634 SF
Lot Size0.22 Acres
Price / SF$136.21
Days on Market19
Property Features for 1803 W Ramirez Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
None
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
Active
APN
I405500000001000
Size
3,634 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12732
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
Dillard and Chapa Real Estate
(956) 271-2600
Listed By:
Daniel A. Chapa
(956) 271-2600
Added: Jul 11
Last Checked: Jul 29 at 6:06AM
MLS# 453963
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.
Investment Insights
Based on property information with market context.
This four-unit residential income property was built in 2023 and is designed for straightforward, tenant-friendly living. The community includes two units with two bedrooms and two bathrooms, and two units with three bedrooms and two bathrooms. Each unit features open-concept living, dining, and kitchen areas, with tiled flooring throughout. Outdoors, tenants have access to a fenced patio area, and the property provides covered parking.
Located at 1803 W Ramirez Street in Mission, Texas, the building sits on a 0.2202-acre lot. The unit finishes and amenities are consistent across the complex, including stainless steel kitchen appliances (refrigerator, stove, and microwave) and granite kitchen countertops. In-unit laundry is also provided, with a washer and dryer included for each unit.
For prospective tenants, the combination of open layouts, tiled interiors, fenced patio space, covered parking, and in-unit laundry can simplify day-to-day living. For buyers and operators, the property’s mix of 2- and 3-bedroom floor plans may support leasing flexibility within a newer construction residential income asset.
Located at 1803 W Ramirez Street in Mission, Texas, the building sits on a 0.2202-acre lot. The unit finishes and amenities are consistent across the complex, including stainless steel kitchen appliances (refrigerator, stove, and microwave) and granite kitchen countertops. In-unit laundry is also provided, with a washer and dryer included for each unit.
For prospective tenants, the combination of open layouts, tiled interiors, fenced patio space, covered parking, and in-unit laundry can simplify day-to-day living. For buyers and operators, the property’s mix of 2- and 3-bedroom floor plans may support leasing flexibility within a newer construction residential income asset.
Key Highlights
- Four‑unit complex built in 2023 with open‑concept living, dining, and kitchen areas
- Unit mix: 2 units are 2BR/2BA and 2 units are 3BR/2BA
- Tiled floors throughout and granite kitchen countertops in each unit
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
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Newly built four-unit complex with 2- and 3-bedroom layouts, tiled interiors, fenced patios, and covered parking.
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‑unit complex built in 2023 with open‑concept living, dining, and kitchen areas; Unit mix: 2 units are 2BR/2BA and 2 units are 3BR/2BA; Tiled floors throughout and granite kitchen countertops in each unit
