Duplex with Two-Bedroom
220 N Waxahachie Street, Mission, TX 78573
For Sale
New
$198,000
Residential Income, Mission, TX
Property Size2,016 SF
Lot Size0.17 Acres
Price / SF$98.21
Days on Market3
Property Features for 220 N Waxahachie Street
General Information
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Elementary school
Middle school
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Additional Details
Tenant in Place
Taxes and HOA fees
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Building Details
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Floors in Building
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Listing Agency:
SANETI Realty Group
(956) 833-1850
Listed By:
Claudia Hortencia Perez Maldonado · License TX #801071291
(956) 332-0777
Added: Nov 8
Last Checked: Nov 10 at 12:06AM
MLS# 519873
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.
This duplex contains two residences, each arranged with two bedrooms and one bathroom. The combined building area is 2,016 square feet on a 0.1722-acre corner parcel. Stucco construction, a shingle roof, central heating, and central air serve the property, which was built in 1997.
Both units are occupied, with tenants who have rented for over five years. No on-site parking is listed, and the property has no HOA.
Both units are occupied, with tenants who have rented for over five years. No on-site parking is listed, and the property has no HOA.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,016‑square‑foot building on a 0.1722‑acre corner lot
- Both residences occupied by tenants with more than 5 years of tenure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,630
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,600
$352.6K
Cap Rate 7%
$251,857
$251.9K
Cap Rate 9%
$195,889
$195.9K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$28.3K $14.04/SF
− Vacancy
−$3.1K −$1.55/SF
EGI
$25.2K $12.49/SF
− OpEx
−$7.6K −$3.75/SF
NOI
$17.6K $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%
$352,600
Cap Rate 7%
$251,857
Cap Rate 9%
$195,889
Alternative Uses
Best Use
Multifamily LT 5
$251.9K
$220.4K – $293.8K
NOI $17,630 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$231.9K
$202.9K – $270.5K
NOI $16,232 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$709.2K
$620.5K – $827.4K
NOI $49,642 @ 7.0% cap · market cap 25.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
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Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hidalgo County, TX
Properties on Market for Duplexes in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied by tenants with more than five years of tenure.
Where is this duplex located?
The property is located at 220 N Waxahachie Street Mission, TX.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,016‑square‑foot building on a 0.1722‑acre corner lot; Both residences occupied by tenants with more than 5 years of tenure
