Quadplex with New
For Sale
Contact for pricing
3501 N Inspiration Road, Mission, TX 78573
Four-unit residential income property near a park, laundromat, schools, and public transportation.
Property Size3,520 SF
Price / SF$89.49
Days on Market243
Property Features for 3501 N Inspiration Road
General Information
Standard status
Active
Size
3,520 SF
Property subtype
Multifamily
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
2002
Buildings
1
Units
4
Listing Agency:
BIG Realty
Listed By:
Joshua Benavides · License #801067775
(956) 465-0011
Source:
Crexi
Added: Feb 17
Changed: Oct 18
Last Checked: Oct 16 at 7:56AM
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 BIG Realty
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Investment Insights
Based on property information with market context.
This quadplex contains 3,520 square feet and was built in 2002. A new roof is among the property improvements, providing a recently updated building component for the next owner. The four-unit configuration supports use as a residential income property.
The property is located at 3501 N Inspiration Road in Mission, Texas, just off Mile 2 Road and Inspiration Road. It sits directly across from a park and near a laundromat, with schools, local amenities, and public transportation also located nearby. These surrounding conveniences provide practical access for residents and contribute to the property's residential setting.
The property is located at 3501 N Inspiration Road in Mission, Texas, just off Mile 2 Road and Inspiration Road. It sits directly across from a park and near a laundromat, with schools, local amenities, and public transportation also located nearby. These surrounding conveniences provide practical access for residents and contribute to the property's residential setting.
Key Highlights
- Quadplex with four residential units
- 3,520 square feet of property size
- Built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,341
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,820
$566.8K
Cap Rate 7%
$404,871
$404.9K
Cap Rate 9%
$314,900
$314.9K
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$58.3K $16.56/SF
− Vacancy
−$6.8K −$1.92/SF
EGI
$51.5K $14.64/SF
− OpEx
−$23.2K −$6.59/SF
NOI
$28.3K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,820
Cap Rate 7%
$404,871
Cap Rate 9%
$314,900
Alternative Uses
Best Use
Multifamily LT 5
$439.7K
$384.8K – $513.0K
NOI $30,782 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$404.9K
$354.3K – $472.4K
NOI $28,341 @ 7.0% cap · market cap 9.00%
Theoretical Best
Hotel Hospitality
$2.65M
$2.32M – $3.09M
NOI $185,592 @ 7.0% cap · market cap 58.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
100
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property near a park, laundromat, schools, and public transportation.
Where is this quadplex located?
The property is located at 3501 N Inspiration Road Mission, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Quadplex with four residential units; 3,520 square feet of property size; Built in 2002
