New Fourplex in Mission,
2007 Dragonfly Street, Mission, TX 78572
New
MULTI_FAMILY - Mission, TX
Property size:
4,518 SFLot size:
0.27 AcresPrice / SF:
$129/SF- Added:
- May 25, 2026
- Days on Market:
- 6
- Last Refresh:
- May 30 at 7:06 am
Property Features for 2007 Dragonfly Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 8
- Parking features
- Garage
- Security features
- Security System
- Patio and Porch features
- Patio
- Exterior features
- Motorized Gate, Sprinkler System
- Fencing
- Gate, Privacy
- Appliances
- Electric Water Heater, Water Heater (Laundry Room), Dryer, Microwave, Refrigerator, Stove/Range, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- L318300000000400
- Size
- 4,518 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4206
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stone, Stucco
- Roof type
- Shingle
Listing agent Ingrid Cepeda (956) 538-0376
Listing office eXp Realty LLC 9600 Great Hills Trail #150w, Austin, TX (888) 519-7431
Listing date May 25, 2026
MLS# 505446
Listing URL
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
- New construction fourplex (2026) in a high‑demand, gated subdivision.
- All units are 3‑bedroom, 2‑bath with larger floor plans.
- Strategically located 10 minutes from La Plaza Mall and 5 minutes from major medical centers, with convenient access to retail, dining, and major roads.
- Modern design elements including open‑concept layouts, designer finishes, and barn doors in office spaces.
- Includes appliances: Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer.
- Low‑maintenance property with strong rental potential and long‑term upside.
Overview
This under-construction fourplex is located in a gated subdivision in Mission, TX. The property features four units, each with 3 bedrooms and 2 bathrooms. The units have larger floor plans designed to provide a home-style living experience, potentially supporting strong tenant retention and rental income. Design elements include barn doors in dedicated office spaces, open-concept layouts, designer finishes, and spacious bedrooms and kitchens. The property is positioned approximately 10 minutes from La Plaza Mall and 5 minutes from major medical centers, with convenient access to Target, H-E-B, dining, and major roads. The lot size is 0.2712 acres, and the property size is 4518 square feet. This multifamily property is intended for use as a residential income property.
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 | $63.4k | $14.04 |
| − Vacancy | −$7.0k | −$1.55 |
| EGI | $56.4k | $12.49 |
| − OpEx | −$16.9k | −$3.75 |
| NOI | $39.5k | $8.74 |
4,518 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$564.4K
$493.9K – $658.5K
NOI $39,510 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$519.7K
$454.7K – $606.3K
NOI $36,377 @ 7.0% cap · market cap 6.22%
Theoretical Best
Hotel Hospitality
$3.40M
$2.98M – $3.97M
NOI $238,212 @ 7.0% cap · market cap 40.72%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.294281
- Latitude
- 26.203338
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Under construction fourplex with 3-bedroom units in gated community.
Where is this quadplex located?
The property is located at 2007 Dragonfly Street Mission, TX.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: New construction fourplex (2026) in a high‑demand, gated subdivision.; All units are 3‑bedroom, 2‑bath with larger floor plans.; Strategically located 10 minutes from La Plaza Mall and 5 minutes from major medical centers, with convenient access to retail, dining, and major roads.
