3-Unit Triplex Income
For Sale
$205,000
Pending
603 N Saint Marie St, Mission, TX 78572
Triplex with three 2-bedroom, 1-bath units and recent exterior updates in an established Mission neighborhood.
Property Size2,310 SF
Days on Market186
Property Features for 603 N Saint Marie St
General Information
Standard status
Pending
Size
2,310 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,176
Listing Agency:
Imperio Real Estate LLC
(956) 803-0341
Listed By:
Abiel De La Torre · License #805635375
(956) 336-8368
Source:
Exprealty
Added: Apr 21
Changed: Oct 17
Last Checked: Oct 23 at 11:48AM
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 Imperio Real Estate LLC
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Investment Insights
Based on property information with market context.
This income-producing triplex offers three separate units, each featuring 2 bedrooms and 1 bathroom. Recent exterior updates have been completed, helping improve curb appeal and reducing near-term exterior maintenance needs.
The property is centrally located in Mission, TX, with convenient access to an expressway and nearby schools, parks, restaurants, and retail. It sits within a well-established neighborhood described as having consistent rental demand.
An additional opportunity is available next door, with 601 N Saint Marie also listed for sale, which may appeal to investors looking to expand with multiple adjacent units.
The property is centrally located in Mission, TX, with convenient access to an expressway and nearby schools, parks, restaurants, and retail. It sits within a well-established neighborhood described as having consistent rental demand.
An additional opportunity is available next door, with 601 N Saint Marie also listed for sale, which may appeal to investors looking to expand with multiple adjacent units.
Key Highlights
- Income‑producing triplex in Mission, TX built in 1996
- 3 units total, each with 2 bedrooms and 1 bathroom
- Recent exterior updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,599
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,980
$372.0K
Cap Rate 7%
$265,700
$265.7K
Cap Rate 9%
$206,656
$206.7K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$38.3K $16.56/SF
− Vacancy
−$4.4K −$1.92/SF
EGI
$33.8K $14.64/SF
− OpEx
−$15.2K −$6.59/SF
NOI
$18.6K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,980
Cap Rate 7%
$265,700
Cap Rate 9%
$206,656
Alternative Uses
Best Use
Multifamily LT 5
$288.6K
$252.5K – $336.7K
NOI $20,201 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$265.7K
$232.5K – $310.0K
NOI $18,599 @ 7.0% cap · market cap 9.07%
Theoretical Best
Hotel Hospitality
$1.74M
$1.52M – $2.03M
NOI $121,795 @ 7.0% cap · market cap 59.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
871
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three 2-bedroom, 1-bath units and recent exterior updates in an established Mission neighborhood.
Where is this triplex located?
The property is located at 603 N Saint Marie St Mission, TX.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Income‑producing triplex in Mission, TX built in 1996; 3 units total, each with 2 bedrooms and 1 bathroom; Recent exterior updates
