Eight-Unit Apartment
For Sale
$529,000
5600 N Abram Rd, Mission, TX 78574
Eight residential units at 5600 N Abram Rd, Mission, TX, designed for multi-unit rental income.
Property Size5,986 SF
Price / SF$88.37
Days on Market10
Property Features for 5600 N Abram Rd
General Information
Standard status
Active
Size
5,986 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
8
Listing Agency:
Effective Real Estate
(956) 299-2111
Listed By:
Ryan McDaniel
(956) 299-2111
Source:
Exprealty
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 31 at 6:02PM
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 Effective Real Estate
Investment Insights
Based on property information with market context.
This eight-unit apartment building at 5600 N Abram Rd in Mission, TX is set up as an income-producing multifamily property with eight separate residential units. The multiple-unit layout provides flexibility for investors looking to generate rental income while owning a versatile residential asset.
The property is described as being in a peaceful yet accessible location, with convenient access to major roadways as well as shopping, dining, schools, and everyday amenities. That combination can be helpful for tenant draw and day-to-day convenience.
With eight separate units, the building offers an opportunity for buyers interested in managing multiple residential spaces under one ownership, whether expanding an existing portfolio or entering the multifamily market.
The property is described as being in a peaceful yet accessible location, with convenient access to major roadways as well as shopping, dining, schools, and everyday amenities. That combination can be helpful for tenant draw and day-to-day convenience.
With eight separate units, the building offers an opportunity for buyers interested in managing multiple residential spaces under one ownership, whether expanding an existing portfolio or entering the multifamily market.
Key Highlights
- Eight separate residential units
- Address: 5600 N Abram Rd, Mission, TX
- Income‑producing multifamily building
Financial Insights For Apartment 5plus
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 | $99.1k | $16.56 |
| − Vacancy | −$11.5k | −$1.92 |
| EGI | $87.6k | $14.64 |
| − OpEx | −$39.4k | −$6.59 |
| NOI | $48.2k | $8.05 |
5,986 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$688.5K
$602.5K – $803.3K
NOI $48,196 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.51M
$3.95M – $5.26M
NOI $315,612 @ 7.0% cap · market cap 59.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
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?
Apartment building - Eight residential units at 5600 N Abram Rd, Mission, TX, designed for multi-unit rental income.
Where is this apartment building located?
The property is located at 5600 N Abram Rd Mission, TX.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Eight separate residential units; Address: 5600 N Abram Rd, Mission, TX; Income‑producing multifamily building
