Fourplex with Private
For Sale
$355,000
3102 Diamondhead Avenue, Mission, TX 78573
MULTI_FAMILY - Mission, TX
Property Size3,672 SF
Lot Size0.19 Acres
Price / SF$96.68
Days on Market89
Property Features for 3102 Diamondhead Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Garage
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
El Milagro Estates
Lot features
Sidewalks
Elementary school
Jensen
Middle school
Sharyland North Junior
High school
Sharyland Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
From State Hwy 495 (Pecan Blvd), head west and continue onto FM 495 W. Turn right onto N Shary Rd (FM 494). Turn left onto Commerce St (E Main Ave). Continue and turn right onto N Glasscock Blvd, then turn left onto E Diamondhead Ave. Property will be on the left.
Standard status
Active
APN
E443500000001200
Size
3,672 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8462
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
private patio
in-unit laundry area
kitchen appliances
breakfast bar
Building Details
Year built
2012
Floors in Building
1
Number of units
4
Building materials
Stone, Stucco
Roof type
Composition
Listing Agency:
Tierra Frontera LLC
(956) 307-4544
Listed By:
Jessica Marroquin
(956) 536-2715
Added: Jun 1
Changed: Aug 13
Last Checked: Aug 28 at 9:06PM
MLS# 498620
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.
A well-maintained fourplex built in 2012 offers a four-unit income configuration with owner-occupant flexibility. Each unit features 2 bedrooms and 2 bathrooms, a private patio, an in-unit laundry area, and spacious kitchens with ample cabinet and counter space and a breakfast bar for added seating. Central heating and central air services the property, and the exterior includes stone and stucco construction with a composition roof. Included kitchen appliances include a refrigerator and electric stove/range, along with a washer and dryer.
The property is located in a quiet Mission, Texas neighborhood within Sharyland ISD. Parking is provided with covered spaces in the rear and a garage. Set on 0.194 acres (3,672 SF), the home is described as being minutes from Garcia Park and nearby shopping, dining, and everyday amenities.
This layout is designed for tenants or an owner-occupant to offset housing expenses by renting out additional units.
The property is located in a quiet Mission, Texas neighborhood within Sharyland ISD. Parking is provided with covered spaces in the rear and a garage. Set on 0.194 acres (3,672 SF), the home is described as being minutes from Garcia Park and nearby shopping, dining, and everyday amenities.
This layout is designed for tenants or an owner-occupant to offset housing expenses by renting out additional units.
Key Highlights
- 0.194‑acre quadplex site
- 3,672 SF four‑unit property
- Built in 2012 with stone and stucco construction
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
129
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 - Well-maintained fourplex in Sharyland ISD with 2 bed, 2 bath units, in-unit laundry, and covered parking in back.
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: 0.194‑acre quadplex site; 3,672 SF four‑unit property; Built in 2012 with stone and stucco construction
