Duplex with Updated
For Sale
$229,000
303 N Rockport St, Mission, TX 78573
Both units are rented, and the property includes paved parking and washer-and-dryer hookups.
Property Size1,739 SF
Price / SF$131.68
Days on Market27
Property Features for 303 N Rockport St
General Information
Standard status
Active
Size
1,739 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,770
Amenities
refrigerator
stove
washer/dryer hooks
paved parking
Building Details
Buildings
1
Listing Agency:
D1 Texas Realty
Listed By:
Juan M. Lara
(956) 638-1081
Source:
Exprealty
Added: Sep 29
Changed: Oct 21
Last Checked: Oct 24 at 11:07PM
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 D1 Texas Realty
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Investment Insights
Based on property information with market context.
This Mission duplex offers 1,739 square feet, tile flooring, a new roof, and new water heaters. A refrigerator and stove are included, and washer-and-dryer hookups are available. Paved parking serves the property.
The duplex is currently fully rented and has a history of rental activity. It is located in the Sharyland school district.
The duplex is currently fully rented and has a history of rental activity. It is located in the Sharyland school district.
Key Highlights
- 1,739 square feet
- Currently fully rented, with a rental history
- New roof and new water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,207
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,140
$304.1K
Cap Rate 7%
$217,243
$217.2K
Cap Rate 9%
$168,967
$169.0K
Market Conditions
NOI Build-Up for 1,739 SF
Gross rent
$24.4K $14.04/SF
− Vacancy
−$2.7K −$1.55/SF
EGI
$21.7K $12.49/SF
− OpEx
−$6.5K −$3.75/SF
NOI
$15.2K $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%
$304,140
Cap Rate 7%
$217,243
Cap Rate 9%
$168,967
Alternative Uses
Best Use
Multifamily LT 5
$217.2K
$190.1K – $253.5K
NOI $15,207 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$200.0K
$175.0K – $233.4K
NOI $14,002 @ 7.0% cap · market cap 6.11%
Theoretical Best
Hotel Hospitality
$1.31M
$1.15M – $1.53M
NOI $91,689 @ 7.0% cap · market cap 40.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
172
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
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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?
Duplex - Both units are rented, and the property includes paved parking and washer-and-dryer hookups.
Where is this duplex located?
The property is located at 303 N Rockport St Mission, TX.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,739 square feet; Currently fully rented, with a rental history; New roof and new water heaters
