Four-Unit Apartment
For Sale
$499,000
1807 Ramirez St, Mission, TX 78572
Four residential units offer a mix of existing occupancy and immediate owner-occupancy flexibility.
Property Size4,032 SF
Price / SF$123.76
Days on Market18
Property Features for 1807 Ramirez St
General Information
Standard status
Active
Size
4,032 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$15,373
Amenities
refrigerator
stove
microwave
washer
dryer
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Irving N. Kim · License #693229
(956) 520-4573
Source:
Exprealty
Added: Sep 5
Changed: Sep 14
Last Checked: Sep 21 at 8:10AM
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 BIG Realty
Investment Insights
Based on property information with market context.
This 4,032-square-foot quadplex contains four three-bedroom, two-bathroom residences. Three units are leased, while Unit #1 is vacant and ready for occupancy. Each residence is equipped with a refrigerator, stove, microwave, washer, and dryer.
The property is located at 1807 Ramirez St in Mission, TX, approximately 5 minutes from the Expressway and near schools, parks, and restaurants. The existing leases and available unit provide a combination of current rental operations and an on-site living option.
The property is located at 1807 Ramirez St in Mission, TX, approximately 5 minutes from the Expressway and near schools, parks, and restaurants. The existing leases and available unit provide a combination of current rental operations and an on-site living option.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 3 units are leased; Unit #1 is vacant and move‑in ready
- 4,032 SF quadplex at 1807 Ramirez St, Mission, TX
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,260
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$705,200
$705.2K
Cap Rate 7%
$503,714
$503.7K
Cap Rate 9%
$391,778
$391.8K
Market Conditions
NOI Build-Up for 4,032 SF
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.
Gross rent
$56.6K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.4K $12.49/SF
− OpEx
−$15.1K −$3.75/SF
NOI
$35.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$705,200
Cap Rate 7%
$503,714
Cap Rate 9%
$391,778
Alternative Uses
Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 6.51%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 42.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a mix of existing occupancy and immediate owner-occupancy flexibility.
Where is this quadplex located?
The property is located at 1807 Ramirez St Mission, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; 3 units are leased; Unit #1 is vacant and move‑in ready; 4,032 SF quadplex at 1807 Ramirez St, Mission, TX
