Two-Story Four-Unit
For Sale
$395,000
1918 Angus Street N, Mission, TX 78572
Each residence includes durable flooring and stove, refrigerator, washer, and dryer.
Property Size4,046 SF
Days on Market25
Property Features for 1918 Angus Street N
General Information
Standard status
Active
Size
4,046 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,454
Building Details
Building Size
4,046 SF
Year Built
1998
Buildings
1
Stories
2
Units
4
Listing Agency:
Grand Realty & Associates, LLC
(956) 562-7898
Listed By:
Paola Deleon
(956) 562-7898
Source:
Buyingandsellingmcallen
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 29 at 4:38PM
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 Grand Realty & Associates, LLC
Investment Insights
Based on property information with market context.
Built in 1998, this two-story quadplex at 1918 Angus Street N comprises four residences, each configured with 2 bedrooms and 2 bathrooms. Interior finishes include laminate, tile, and vinyl flooring, while every unit is equipped with a stove, refrigerator, washer, and dryer. Covered parking accommodates eight vehicles.
The property sits just off Glasscock Road in Mission, Texas, with shopping and dining access identified nearby. All four units are currently leased, providing an occupied multifamily asset with consistent unit configuration across the property.
The property sits just off Glasscock Road in Mission, Texas, with shopping and dining access identified nearby. All four units are currently leased, providing an occupied multifamily asset with consistent unit configuration across the property.
Key Highlights
- Four‑unit quadplex with four 2‑bedroom, 2‑bath residences
- Two‑story property built in 1998
- 100% leased
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
$35,382
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
8.96%
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%
$707,640
$707.6K
Cap Rate 7%
$505,457
$505.5K
Cap Rate 9%
$393,133
$393.1K
Market Conditions
NOI Build-Up for 4,046 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
$56.8K $14.04/SF
− Vacancy
−$6.3K −$1.55/SF
EGI
$50.5K $12.49/SF
− OpEx
−$15.2K −$3.75/SF
NOI
$35.4K $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%
$707,640
Cap Rate 7%
$505,457
Cap Rate 9%
$393,133
Alternative Uses
Best Use
Multifamily LT 5
$505.5K
$442.3K – $589.7K
NOI $35,382 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$465.4K
$407.2K – $542.9K
NOI $32,576 @ 7.0% cap · market cap 8.25%
Theoretical Best
Hotel Hospitality
$3.05M
$2.67M – $3.56M
NOI $213,325 @ 7.0% cap · market cap 54.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
388
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes durable flooring and stove, refrigerator, washer, and dryer.
Where is this quadplex located?
The property is located at 1918 Angus Street N Mission, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 2‑bedroom, 2‑bath residences; Two‑story property built in 1998; 100% leased
