Four-Unit Apartment
For Sale
Contact for pricing
3102 Diamondhead Avenue, Mission, TX 78573
Residential income property with private patios, in-unit laundry areas, covered rear parking, and included kitchen appliances.
Property Size3,672 SF
Price / SF$96.68
Days on Market163
Property Features for 3102 Diamondhead Avenue
General Information
Standard status
Active
Size
3,672 SF
Total Parking Spaces
8
Property subtype
Multifamily
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Amenities
private patio
in-unit laundry area
covered parking
Building Details
Year Built
2012
Buildings
1
Units
4
Listing Agency:
Tierra Frontera LLC
(956) 307-4544
Listed By:
Jessica Marroquin
Source:
Crexi
Added: Mar 21
Changed: Aug 30
Last Checked: Aug 30 at 7:24AM
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 Tierra Frontera LLC
Investment Insights
Based on property information with market context.
This fourplex, completed in 2012, contains four 2-bedroom, 2-bathroom units. Each residence includes a private patio and an in-unit laundry area, while the kitchens provide cabinet and counter space, breakfast bars, and appliances. Covered parking is located at the rear of the property.
The property is located at 3102 Diamondhead Avenue in Mission, Texas, within Sharyland ISD. Garcia Park, shopping, and dining are minutes away, providing convenient access to nearby recreational, retail, and restaurant options.
The property is located at 3102 Diamondhead Avenue in Mission, Texas, within Sharyland ISD. Garcia Park, shopping, and dining are minutes away, providing convenient access to nearby recreational, retail, and restaurant options.
Key Highlights
- Four 2‑bedroom, 2‑bathroom units
- Built in 2012 with 3,672 SF
- Private patio and in‑unit laundry area for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,111
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$642,220
$642.2K
Cap Rate 7%
$458,729
$458.7K
Cap Rate 9%
$356,789
$356.8K
Market Conditions
NOI Build-Up for 3,672 SF
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.
Gross rent
$51.6K $14.04/SF
− Vacancy
−$5.7K −$1.55/SF
EGI
$45.9K $12.49/SF
− OpEx
−$13.8K −$3.75/SF
NOI
$32.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$642,220
Cap Rate 7%
$458,729
Cap Rate 9%
$356,789
Alternative Uses
Best Use
Multifamily LT 5
$458.7K
$401.4K – $535.2K
NOI $32,111 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$422.4K
$369.6K – $492.8K
NOI $29,565 @ 7.0% cap · market cap 8.33%
Theoretical Best
Hotel Hospitality
$2.77M
$2.42M – $3.23M
NOI $193,606 @ 7.0% cap · market cap 54.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
138
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with private patios, in-unit laundry areas, covered rear parking, and included kitchen appliances.
Where is this quadplex located?
The property is located at 3102 Diamondhead Avenue Mission, TX.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bathroom units; Built in 2012 with 3,672 SF; Private patio and in‑unit laundry area for each unit
