1803 W Ramirez Street, Mission, TX 78572
MULTI_FAMILY - Mission, TX
- Added:
- Jun 6, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 11 at 6:06 am
Property Features for 1803 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
- 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
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Composition
Listing agent Daniel A. Chapa (956) 271-2600
Listing office Dillard and Chapa Real Estate 313 E Tom Landry St., Ste. A, Mission, TX (956) 271-2600
Listing date Jun 6, 2026
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
- Four‑unit complex built in 2023 with 2BD/2BA units and 3BD/2BA units
- Open‑concept living, dining, and kitchen layouts in each unit
- Tiled floors throughout and fenced patio area included
- Covered parking and garage parking available
- Stainless steel kitchen appliances in each unit: refrigerator, electric smooth range, microwave, plus washer and dryer
- Central electric HVAC with electric heating and a sprinkler system; stucco exterior with composition roof
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.342956
- Latitude
- 26.248603
