New Fourplex with Open-Concept
401 Bertha Avenue Mission, TX 78572
For Sale
Contact for pricing
Newly built fourplex with four 2-bedroom, 2-bath units featuring open-concept layouts and bright interiors.
Property Size3,800 SF
Price / SF$139.47
Days on Market112
Property Features for 401 Bertha Avenue
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multifamily
Building Details
Year Built
2025
Listing Agency:
REIC, LLC
(956) 960-5104
Listed By:
Angelo Bazan
Source:
Crexi
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 28 at 5:27PM
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 REIC, LLC
Investment Insights
Based on property information with market context.
New construction fourplex built in 2025 offering four separate residential units. Each unit includes 2 bedrooms and 2 bathrooms with an open-concept layout designed to maximize usable space and natural light. The property is presented as a turnkey investment from day one.
The fourplex is located in the Los Jardines subdivision in Mission, Texas, with quick access to shopping, dining, schools, and major employment centers. It is also described as just one minute from Expressway 83.
From a unit configuration standpoint, the consistent 2-bedroom, 2-bath plan across all four units supports straightforward leasing and property operations, with modern, well-appointed finishes throughout.
The fourplex is located in the Los Jardines subdivision in Mission, Texas, with quick access to shopping, dining, schools, and major employment centers. It is also described as just one minute from Expressway 83.
From a unit configuration standpoint, the consistent 2-bedroom, 2-bath plan across all four units supports straightforward leasing and property operations, with modern, well-appointed finishes throughout.
Key Highlights
- Built in 2025: fourplex with four 2‑bedroom, 2‑bath units
- Each unit features an open‑concept layout with bright, naturally lit interiors
- Newer construction in the Los Jardines subdivision
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.4k | $14.04 |
| − Vacancy | −$5.9k | −$1.55 |
| EGI | $47.5k | $12.49 |
| − OpEx | −$14.2k | −$3.75 |
| NOI | $33.2k | $8.74 |
3,800 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$474.7K
$415.4K – $553.9K
NOI $33,231 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$437.1K
$382.5K – $509.9K
NOI $30,596 @ 7.0% cap · market cap 5.77%
Theoretical Best
Hotel Hospitality
$2.86M
$2.50M – $3.34M
NOI $200,355 @ 7.0% cap · market cap 37.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Newly built fourplex with four 2-bedroom, 2-bath units featuring open-concept layouts and bright interiors.
Where is this quadplex located?
The property is located at 401 Bertha Avenue Mission, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Built in 2025: fourplex with four 2‑bedroom, 2‑bath units; Each unit features an open‑concept layout with bright, naturally lit interiors; Newer construction in the Los Jardines subdivision
