Fenced Quadplex with Private
For Sale
$365,000
3709 N Inspiration Road, Mission, TX 78572
Residential Income, Mission, TX
Property Size2,720 SF
Lot Size0.28 Acres
Price / SF$134.19
Days on Market117
Property Features for 3709 N Inspiration Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Other
Fencing
Privacy
Appliances
Electric Water Heater, Refrigerator, Stove/Range
Subdivision
Taurus Estates #2
Lot features
Sidewalks
Elementary school
Escandon
Middle school
Garcia
High school
La Joya H.S.
Elementary school district
La Joya ISD
Middle school district
La Joya ISD
High school district
La Joya ISD
Directions
From Mile 2 and Inspiration head north on Inspiration Rd, about 1/2 mile property will be on the left hand side.
Standard status
Active
APN
T094002000019300
Size
2,720 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5757
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer connections
private access to the backyard
fully fenced
Building Details
Year built
1998
Floors in Building
1
Number of units
4
Building materials
Brick, Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: May 14
Changed: Sep 4
Last Checked: Sep 7 at 5:06PM
MLS# 478703
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.
Built in 1998, this 2,720-square-foot quadplex contains four units, each arranged with two bedrooms and one bathroom. Interior features include tile flooring, washer and dryer connections, central heating, and central air conditioning. Each residence has private access to the backyard, while the property is enclosed by privacy fencing and provides front parking. Brick and stucco construction, shingle roofing, public water, and included refrigerators, stove/ranges, and an electric water heater complete the existing improvements.
The property occupies 0.2821 acres at 3709 N Inspiration Road in Mission, Texas, with access to Expressway 83. Hollis Park, Dollar General, and Fire Station #4 are identified nearby. The site is positioned in a developed area with the surrounding commercial and civic uses noted above.
The property occupies 0.2821 acres at 3709 N Inspiration Road in Mission, Texas, with access to Expressway 83. Hollis Park, Dollar General, and Fire Station #4 are identified nearby. The site is positioned in a developed area with the surrounding commercial and civic uses noted above.
Key Highlights
- 2,720‑square‑foot quadplex built in 1998
- Four units, each with 2 bedrooms and 1 bathroom
- 0.2821‑acre property at 3709 N Inspiration Road, Mission, TX 78572
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
$23,786
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
6.52%
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%
$475,720
$475.7K
Cap Rate 7%
$339,800
$339.8K
Cap Rate 9%
$264,289
$264.3K
Market Conditions
NOI Build-Up for 2,720 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
$38.2K $14.04/SF
− Vacancy
−$4.2K −$1.55/SF
EGI
$34.0K $12.49/SF
− OpEx
−$10.2K −$3.75/SF
NOI
$23.8K $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%
$475,720
Cap Rate 7%
$339,800
Cap Rate 9%
$264,289
Alternative Uses
Best Use
Multifamily LT 5
$339.8K
$297.3K – $396.4K
NOI $23,786 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$312.9K
$273.8K – $365.0K
NOI $21,900 @ 7.0% cap · market cap 6.00%
Theoretical Best
Hotel Hospitality
$2.05M
$1.79M – $2.39M
NOI $143,412 @ 7.0% cap · market cap 39.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
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 - Four residential units feature two-bedroom layouts, tile flooring, central HVAC, and individual backyard access.
Where is this quadplex located?
The property is located at 3709 N Inspiration Road Mission, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,720‑square‑foot quadplex built in 1998; Four units, each with 2 bedrooms and 1 bathroom; 0.2821‑acre property at 3709 N Inspiration Road, Mission, TX 78572
