4-Unit
New
For Sale
$499,000
2605 E Israel Avenue, Mission, TX 78573
All residences are leased and feature in-unit laundry and included appliances.
Property Size4,032 SF
Price / SF$123.76
Days on Market3
Property Features for 2605 E Israel Avenue
General Information
Standard status
Active
Size
4,032 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,735
Amenities
included appliances
in-unit laundry
private fencing
Tile
true
Laundry Area,Washer/Dryer Connection
HidalgoCAD
Dryer,Washer
Wood
false
Professional Landscaping,Sidewalks
Public
11538.1728
8
0x0
0.2649
Detached
Paved
Slab
4032
2
1
Building Details
Building Size
4,032 SF
Year Built
2024
Stories
1
Construction
brick
Tenancy
Multi
Listing Agency:
(956) 539-7317
Listed By:
Matt Lopez
Source:
Cncrealtyrgv
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:34AM
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 Matt Lopez
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Investment Insights
Based on property information with market context.
Completed in 2024, this 4,032-square-foot quadplex contains four residences, each arranged with three bedrooms and two bathrooms. The units have open-concept layouts, tile flooring, appliances, and washer/dryer connections. Private fencing is also noted for the property.
All four units are leased. The property is located in the Sunterra Estates community in Mission, Texas, and is served by Sharyland ISD.
All four units are leased. The property is located in the Sunterra Estates community in Mission, Texas, and is served by Sharyland ISD.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,032 square feet; built in 2024
- All four units are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,200
$705.2K
Cap Rate 7%
$503,714
$503.7K
Cap Rate 9%
$391,778
$391.8K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$56.6K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.4K $12.49/SF
− OpEx
−$15.1K −$3.75/SF
NOI
$35.3K $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%
$705,200
Cap Rate 7%
$503,714
Cap Rate 9%
$391,778
Alternative Uses
Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 6.51%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 42.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are leased and feature in-unit laundry and included appliances.
Where is this quadplex located?
The property is located at 2605 E Israel Avenue Mission, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; 4,032 square feet; built in 2024; All four units are leased
