2018 4-Plex with Oversize
2601 Garfield Avenue Mission, TX 78573
For Sale
Contact for pricing
Built in 2018, this gated 4-plex offers four 3-bedroom, 2-bath units with all-tile flooring.
Property Size4,440 SF
Price / SF$95.70
Days on Market90
Property Features for 2601 Garfield Avenue
General Information
Standard status
Active
Size
4,440 SF
Property subtype
Multifamily
Building Details
Year Built
2018
Listing Agency:
Berkshire Hathaway HomeServices RGV Realty
Listed By:
Tom Shepherd
Source:
Crexi
Added: May 1
Changed: Jul 22
Last Checked: Jul 28 at 6:00PM
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 Berkshire Hathaway HomeServices RGV Realty
Investment Insights
Based on property information with market context.
This 2018-built 4-plex is located in a gated neighborhood and features four matching units, each offering three bedrooms and two bathrooms with all-tile flooring. Kitchens and bathrooms include granite, and each unit comes with appliances including a refrigerator, glass cooktop stove, disposal, washer, and dryer. The master bath includes a walk-in closet, shower, and private toilet, while bedrooms 2 and 3 share a hall bath with a tub/shower combo. The two back units feature an oversize back yard.
The property is described as being in Sharyland at Stewart Landing, on Stewart Road between 4 Mile Roads and 5 Mile Roads. Public remarks also reference Jensen, Shary North, and Pioneer High School in the surrounding area.
Condition is described as great, and the two back units’ additional outdoor area is a practical differentiator within the overall 4-plex configuration.
The property is described as being in Sharyland at Stewart Landing, on Stewart Road between 4 Mile Roads and 5 Mile Roads. Public remarks also reference Jensen, Shary North, and Pioneer High School in the surrounding area.
Condition is described as great, and the two back units’ additional outdoor area is a practical differentiator within the overall 4-plex configuration.
Key Highlights
- 4‑plex built in 2018 in a gated neighborhood (Stewart Landing) on Stewart Road between 4 & 5 Mile Roads
- Four units, each with 3 bedrooms and 2 bathrooms
- All‑tile flooring throughout all units
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 | $62.3k | $14.04 |
| − Vacancy | −$6.9k | −$1.55 |
| EGI | $55.5k | $12.49 |
| − OpEx | −$16.6k | −$3.75 |
| NOI | $38.8k | $8.74 |
4,440 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$554.7K
$485.4K – $647.1K
NOI $38,828 @ 7.0% cap · market cap 9.14%
Second Best
Apartment 5plus
$510.7K
$446.9K – $595.8K
NOI $35,749 @ 7.0% cap · market cap 8.41%
Theoretical Best
Hotel Hospitality
$3.34M
$2.93M – $3.90M
NOI $234,099 @ 7.0% cap · market cap 55.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2018, this gated 4-plex offers four 3-bedroom, 2-bath units with all-tile flooring.
Where is this quadplex located?
The property is located at 2601 Garfield Avenue Mission, TX.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 4‑plex built in 2018 in a gated neighborhood (Stewart Landing) on Stewart Road between 4 & 5 Mile Roads; Four units, each with 3 bedrooms and 2 bathrooms; All‑tile flooring throughout all units
