Four-Unit Income
For Sale
$499,000
1807 W Ramirez Street, Mission, TX 78572
Residential Income, Mission, TX
Property Size4,032 SF
Lot Size0.24 Acres
Price / SF$123.76
Days on Market49
Property Features for 1807 W Ramirez Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Coil, Washer
Subdivision
Inspiration Cove
Lot features
Curb & Gutters, Sidewalks
Elementary school
Cantu
Middle school
Alton-Memorial Junior High
High school
Mission H.S.
Elementary school district
Mission ISD
Middle school district
Mission ISD
High school district
Mission ISD
Directions
From Expressway 83, travel north on Inspiration Road. Continue past the 2-mile line, then turn east onto Inspiration Cove. The property will be located on your right at Lot 12, Inspiration Cove.
Standard status
Active
APN
I405500000001200
Size
4,032 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15373
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Irving N. Kim
(956) 520-4573
Added: Sep 4
Changed: Oct 19
Last Checked: Oct 22 at 12:06PM
MLS# 514026
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.
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Investment Insights
Based on property information with market context.
Built in 2022, this 4,032-square-foot quadplex contains four 3-bedroom, 2-bathroom residences. Three units are leased, and the remaining unit is vacant and move-in ready. Each residence includes a refrigerator, electric range, microwave, washer, and dryer. The property also features central heating and cooling, stucco construction, shingle roofing, public water, garage parking, and patios.
Set on 0.2435 acres in Mission, the property is approximately 5 minutes from the Expressway and near schools, parks, and restaurants. Its four-unit configuration combines occupied residences with one available unit for immediate use.
Set on 0.2435 acres in Mission, the property is approximately 5 minutes from the Expressway and near schools, parks, and restaurants. Its four-unit configuration combines occupied residences with one available unit for immediate use.
Key Highlights
- Four 3‑bedroom, 2‑bathroom units in a 4,032‑square‑foot quadplex
- Three units are leased; Unit #1 is vacant and move‑in ready
- Built in 2022 on 0.2435 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
100
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are leased, while one is vacant and ready for occupancy.
Where is this quadplex located?
The property is located at 1807 W Ramirez Street 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 3‑bedroom, 2‑bathroom units in a 4,032‑square‑foot quadplex; Three units are leased; Unit #1 is vacant and move‑in ready; Built in 2022 on 0.2435 acres
