Fourplex with Covered
1918 Angus Street N, Mission, TX 78572
For Sale
New
$395,000
Four matching two-bedroom, two-bath units are equipped with essential appliances and leased in full.
Property Size4,046 SF
Price / SF$97.63
Days on Market3
Property Features for 1918 Angus Street N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
stove
refrigerator
washer
dryer
Ceiling Fan(s)
Walk-In Closet(s)
Mature Trees
Sprinkler System
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Grand Realty & Associates, LLC
(956) 900-1223
Listed By:
Paola Deleon
(956) 562-7898
Source:
Justrealty
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 3:13PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1998, this two-story fourplex contains four units, each with a 2-bedroom, 2-bath layout. Interior finishes include laminate, tile and vinyl flooring, and each apartment is supplied with a stove, refrigerator, washer and dryer. The building totals 4,046 square feet and includes covered parking for eight vehicles. All four units are currently leased.
The property is on Angus Street in Mission, just off Glasscock Road, with access to shopping and dining nearby.
The property is on Angus Street in Mission, just off Glasscock Road, with access to shopping and dining nearby.
Key Highlights
- Four units, each with a 2‑bedroom, 2‑bath floor plan
- 4,046‑square‑foot building completed in 1998
- All units leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,382
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
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
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 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
Office A
$1.42M
$1.25M – $1.66M
NOI $99,629 @ 7.0% cap · market cap 25.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Mission, TX
Properties on Market for Quadplexes in Mission
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four matching two-bedroom, two-bath units are equipped with essential appliances and leased in full.
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 units, each with a 2‑bedroom, 2‑bath floor plan; 4,046‑square‑foot building completed in 1998; All units leased
