Four-Unit Multifamily Property with
New
For Sale
$489,000
308 W Campeche Avenue, Mission, TX 78573
Gated community setting with private fenced outdoor space for every residence.
Property Size4,200 SF
Price / SF$116.43
Days on Market2
Property Features for 308 W Campeche Avenue
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Amenities
private fenced backyard
stainless steel appliances
washer and dryer
Building Details
Year Built
2024
Buildings
1
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:12PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Completed in 2024, this four-unit multifamily property in Mission, Texas, contains 4,200 square feet. Each residence features an open layout, wood-look tile flooring, and a kitchen with custom cabinetry, quartz counters, and an island. Bedrooms include large closets; the primary suite has a sizable bathroom with a frameless glass shower. Private fenced yards, stainless steel appliances, and in-unit washers and dryers are included across the property, along with carports.
The property is within a gated multifamily subdivision and is served by Mission ISD. Schools, restaurants, and shopping are nearby.
The property is within a gated multifamily subdivision and is served by Mission ISD. Schools, restaurants, and shopping are nearby.
Key Highlights
- Four‑unit property with 4,200 square feet
- Built in 2024
- Each residence has a private fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,729
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,580
$734.6K
Cap Rate 7%
$524,700
$524.7K
Cap Rate 9%
$408,100
$408.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$59.0K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.5K $12.49/SF
− OpEx
−$15.7K −$3.75/SF
NOI
$36.7K $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%
$734,580
Cap Rate 7%
$524,700
Cap Rate 9%
$408,100
Alternative Uses
Best Use
Multifamily LT 5
$524.7K
$459.1K – $612.2K
NOI $36,729 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$483.1K
$422.7K – $563.6K
NOI $33,816 @ 7.0% cap · market cap 6.92%
Theoretical Best
Hotel Hospitality
$3.16M
$2.77M – $3.69M
NOI $221,445 @ 7.0% cap · market cap 45.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Gated community setting with private fenced outdoor space for every residence.
Where is this quadplex located?
The property is located at 308 W Campeche Avenue Mission, TX.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Four‑unit property with 4,200 square feet; Built in 2024; Each residence has a private fenced yard
