Residential Income
2703 Garfield Mission, TX 78572
2703 Garfield, Mission, TX, 78572
$480,000
For Sale
$480,000
MULTI_FAMILY - Mission, TX
Property Size4,088 SF
Lot Size0.24 Acres
Price / SF$117.42
Days on Market12
Property Features for 2703 Garfield
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage
- Appliances
- Electric Water Heater
- 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
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
2520a Buddy Owens Blvd, McAllen, TX
Listed by
Maria L. Garza
(956) 309-1309
Added: Jul 7 Checked: Jul 18 at 2:06 am
MLS# 506815
Listing URL
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.
Investment Insights
Based on property information with market context.
This for-sale residential income property is located at 2703 Garfield in Mission, Texas. The offering is identified as a multifamily apartment building and includes a total property size of 4,088 square feet on a 0.2387-acre lot. The listing is presented as an income-producing residential asset suitable for investors seeking a property to add to an existing portfolio.
The property is described as conveniently located near schools, shopping, restaurants, and major roadways, providing everyday amenities and roadway access for prospective tenants. It is situated in Hidalgo County within the Mission area.
This asset may be a fit for investors or owners looking to acquire a small multifamily residential income property in Mission. Prospective buyers can schedule a private showing to review the building firsthand and confirm unit mix, condition, and operating details not provided in the listing materials.
The property is described as conveniently located near schools, shopping, restaurants, and major roadways, providing everyday amenities and roadway access for prospective tenants. It is situated in Hidalgo County within the Mission area.
This asset may be a fit for investors or owners looking to acquire a small multifamily residential income property in Mission. Prospective buyers can schedule a private showing to review the building firsthand and confirm unit mix, condition, and operating details not provided in the listing materials.
Key Highlights
- Built in 2017 with wood siding and a shingle roof
- Central heating and central air conditioning
- Includes an electric water heater
Local Financial Insights For Apartment 5plus
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 | $67.7k | $16.56 |
| − Vacancy | −$7.9k | −$1.92 |
| EGI | $59.8k | $14.64 |
| − OpEx | −$26.9k | −$6.59 |
| NOI | $32.9k | $8.05 |
4,088 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$470.2K
$411.4K – $548.6K
NOI $32,914 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.08M
$2.69M – $3.59M
NOI $215,540 @ 7.0% cap · market cap 44.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - For sale residential income property in Mission, Texas, sized for rental operations on a compact lot.
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 $480,000.
What are key features of this property?
This property features: Built in 2017 with wood siding and a shingle roof; Central heating and central air conditioning; Includes an electric water heater
