Modern Fourplex with Garage
For Sale
$520,000
5708 Northwestern Avenue, Mission, TX 78573
Residential Income, Mission, TX
Property Size4,162 SF
Lot Size0.22 Acres
Price / SF$124.94
Days on Market91
Property Features for 5708 Northwestern Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
Subdivision
Hills At Sharyland
Lot features
Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Olivero Garza Sr.
Middle school
Sharyland North Junior
High school
Sharyland Pioneer H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From 3 Mile Line drive north on Shary Rd, pass Main Ave (5 Mile Line) Property located on East side before you reach Mile 6 Rd.
Standard status
Active
APN
H347300000006900
Size
4,162 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1176
HOA Fee
$500 Annually
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Deborah Agyekum-Bimpong
(956) 530-7922
Added: Jun 3
Changed: Aug 27
Last Checked: Sep 1 at 2:06AM
MLS# 506138
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.
This fourplex contains 4,162 square feet on a 0.2204-acre lot and was completed in 2024. The property is fully occupied and includes appliances such as refrigerators, washers, dryers, microwaves, and smooth electric cooktops. Each unit benefits from electric heating and cooling, while the building features stucco construction, a shingle roof, sprinkler coverage, garage parking, and public water service.
The property is located in Mission, Texas, within the Hills at Sharyland subdivision. Schools, shopping, dining, and major thoroughfares are identified as nearby, placing everyday services and transportation routes within the surrounding area. Its four-unit configuration and existing occupancy provide a clearly defined multifamily format for continued residential rental use.
The property is located in Mission, Texas, within the Hills at Sharyland subdivision. Schools, shopping, dining, and major thoroughfares are identified as nearby, placing everyday services and transportation routes within the surrounding area. Its four-unit configuration and existing occupancy provide a clearly defined multifamily format for continued residential rental use.
Key Highlights
- Four‑unit multifamily property with 4,162 square feet of building area
- Built in 2024 and fully occupied
- Situated on a 0.2204‑acre lot in the Hills at Sharyland subdivision
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
$36,397
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
7.00%
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%
$727,940
$727.9K
Cap Rate 7%
$519,957
$520.0K
Cap Rate 9%
$404,411
$404.4K
Market Conditions
NOI Build-Up for 4,162 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
$58.4K $14.04/SF
− Vacancy
−$6.4K −$1.55/SF
EGI
$52.0K $12.49/SF
− OpEx
−$15.6K −$3.75/SF
NOI
$36.4K $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%
$727,940
Cap Rate 7%
$519,957
Cap Rate 9%
$404,411
Alternative Uses
Best Use
Multifamily LT 5
$520.0K
$455.0K – $606.6K
NOI $36,397 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$478.7K
$418.9K – $558.5K
NOI $33,510 @ 7.0% cap · market cap 6.44%
Theoretical Best
Hotel Hospitality
$3.13M
$2.74M – $3.66M
NOI $219,441 @ 7.0% cap · market cap 42.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
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
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 - Fully occupied four-unit property with included appliances, garage parking, and public water service.
Where is this quadplex located?
The property is located at 5708 Northwestern Avenue Mission, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 4,162 square feet of building area; Built in 2024 and fully occupied; Situated on a 0.2204‑acre lot in the Hills at Sharyland subdivision
