Eight-Unit Multifamily
5600 N Abram Rd. Mission, TX 78574
New
For Sale
$529,000
MULTI_FAMILY - Mission, TX
Property Size5,986 SF
Lot Size2.00 Acres
Price / SF$88.37
Days on Market1
Property Features for 5600 N Abram Rd.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bedroom 10, Bedroom 6, Bedroom 4, Bathroom 5, Bedroom 9, Bedroom 1, Bedroom 7, Bathroom 6, Bathroom 8, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 7, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 8, Bathroom 1
- Pets allowed
- No
- Standard status
- Active
- Size
- 5,986 SF
- Lot size
- 2.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9397
Building Details
- Year built
- 2015
- Floors in Building
- 1
- Number of units
- 8
- Flooring type
- Tile
- Building materials
- Stucco
- Roof type
- Metal
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan McDaniel
(956) 299-2111
Added: Jul 24
Last Checked: Jul 24 at 9:06AM
MLS# 106570
Copyright © 2026 South Padre Island Board 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.
This residential income property is a multifamily building offering eight separate residential units. The property size is listed as 5,986 square feet and sits on a 2-acre lot.
The site is located at 5600 N Abram Rd in Mission, Hidalgo County, Texas (78574). The listing notes a peaceful yet accessible setting with convenient access to major roadways and nearby everyday amenities.
Zoned R, the property’s multi-unit configuration provides flexibility for owners looking to manage multiple units within a single investment asset.
The site is located at 5600 N Abram Rd in Mission, Hidalgo County, Texas (78574). The listing notes a peaceful yet accessible setting with convenient access to major roadways and nearby everyday amenities.
Zoned R, the property’s multi-unit configuration provides flexibility for owners looking to manage multiple units within a single investment asset.
Key Highlights
- 8 separate residential units at 5600 N Abram Rd in the north Mission area
- Built in 2015
- Stucco construction materials
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Income-producing multifamily building with eight residential units on a 2-acre lot in Mission, Texas.
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: 8 separate residential units at 5600 N Abram Rd in the north Mission area; Built in 2015; Stucco construction materials
