Apartment Building with
For Sale
$460,000
2703 Garfield, Mission, TX 78572
Residential Income, Mission, TX
Property Size4,088 SF
Lot Size0.24 Acres
Price / SF$112.52
Days on Market104
Property Features for 2703 Garfield
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Parking features
Garage
Appliances
Electric Water Heater
Subdivision
Stewart Landing
Lot features
Resaca, Sidewalks
Elementary school
Jensen
Middle school
Sharyland North Junior
High school
Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
From I-2 drive north 5.5 miles on Stwart Rd. Turn right (east) on Garfield.
Standard status
Active
APN
S606302000006500
Size
4,088 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11535
HOA Fee
$550 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2017
Floors in Building
1
Number of units
10
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
SANETI Realty Group
(956) 833-1850
Listed By:
Maria L. Garza
(956) 309-1309
Added: Jul 7
Changed: Sep 21
Last Checked: Oct 18 at 1:06PM
MLS# 506815
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 apartment building contains 4,088 square feet on a 0.2387-acre lot. Constructed in 2017, the property features wood siding, a shingle roof, central heating, central air conditioning, an electric water heater, and garage parking.
The property is located in Mission, Texas, near schools, shopping, restaurants, and major roadways. Its residential building format and existing mechanical and parking features provide a defined physical profile for multifamily ownership.
The property is located in Mission, Texas, near schools, shopping, restaurants, and major roadways. Its residential building format and existing mechanical and parking features provide a defined physical profile for multifamily ownership.
Key Highlights
- 4,088‑square‑foot apartment building
- 0.2387‑acre lot in Mission, TX 78572
- Built in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,914
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,280
$658.3K
Cap Rate 7%
$470,200
$470.2K
Cap Rate 9%
$365,711
$365.7K
Market Conditions
NOI Build-Up for 4,088 SF
Gross rent
$67.7K $16.56/SF
− Vacancy
−$7.9K −$1.92/SF
EGI
$59.8K $14.64/SF
− OpEx
−$26.9K −$6.59/SF
NOI
$32.9K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,280
Cap Rate 7%
$470,200
Cap Rate 9%
$365,711
Alternative Uses
Best Use
Apartment 5plus
$470.2K
$411.4K – $548.6K
NOI $32,914 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.08M
$2.69M – $3.59M
NOI $215,540 @ 7.0% cap · market cap 46.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes central heating and air conditioning, along with garage parking.
Where is this apartment building located?
The property is located at 2703 Garfield Mission, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 4,088‑square‑foot apartment building; 0.2387‑acre lot in Mission, TX 78572; Built in 2017
