Four-Unit Quadplex with
2509 E Israel Ave, Mission, TX 78573
For Sale
$524,900
Each residence has three bedrooms, two bathrooms, and a full appliance package, including in-unit laundry equipment.
Property Size4,319 SF
Price / SF$121.53
Days on Market11
Property Features for 2509 E Israel Ave
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
full appliance package
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License TX #713189
(956) 599-8400
Source:
Exprealty
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 8 at 7:50AM
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
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.
This four-unit residential property contains 4,319 square feet. Each apartment is configured with three bedrooms and two bathrooms, along with a refrigerator with ice maker, stove, microwave, washer, and dryer. The appliance package is provided in every unit.
All four apartments are leased. The property is located at 2509 E Israel Ave in Mission, Texas.
All four apartments are leased. The property is located at 2509 E Israel Ave in Mission, Texas.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,319‑square‑foot property
- Each unit includes a refrigerator with ice maker, stove, microwave, washer, and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,769
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,380
$755.4K
Cap Rate 7%
$539,557
$539.6K
Cap Rate 9%
$419,656
$419.7K
Market Conditions
NOI Build-Up for 4,319 SF
Gross rent
$60.6K $14.04/SF
− Vacancy
−$6.7K −$1.55/SF
EGI
$54.0K $12.49/SF
− OpEx
−$16.2K −$3.75/SF
NOI
$37.8K $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%
$755,380
Cap Rate 7%
$539,557
Cap Rate 9%
$419,656
Alternative Uses
Best Use
Multifamily LT 5
$539.6K
$472.1K – $629.5K
NOI $37,769 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$496.8K
$434.7K – $579.6K
NOI $34,774 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,351 @ 7.0% cap · market cap 20.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
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
$154,800
Median Home Value
Market
Average Price Trend$/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 - Each residence has three bedrooms, two bathrooms, and a full appliance package, including in-unit laundry equipment.
Where is this quadplex located?
The property is located at 2509 E Israel Ave Mission, TX.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; 4,319‑square‑foot property; Each unit includes a refrigerator with ice maker, stove, microwave, washer, and dryer
