215 W Diamond Avenue Mission, TX 78573
Fourplex in Mission, TX, fully leased with positive cash flow.
- Added:
- Mar 10, 2026
- Days on Market:
- 127
- Last Refresh:
- Jul 2 at 8:25 am
Property Features for 215 W Diamond Avenue
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing office Keller Williams Realty RGV
Listing date Mar 10, 2026
Source Crexi
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
Key Highlights
- Fully leased 4‑plex providing immediate income.
- Positive cash flow and low maintenance.
- Prime location near N. Conway Ave and Alton Blvd, close to shopping and dining.
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 | $57.6k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $51.2k | $12.49 |
| − OpEx | −$15.4k | −$3.75 |
| NOI | $35.9k | $8.74 |
