3-Unit Triplex Income
For Sale
Contact for pricing
603 N Saint Marie Street, Mission, TX 78572
Triplex with three 2-bedroom, 1-bath units and recent exterior updates in an established Mission neighborhood.
Property Size2,310 SF
Price / SF$106.06
Days on Market106
Property Features for 603 N Saint Marie Street
General Information
Standard status
Active
Size
2,310 SF
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1996
Listing Agency:
Torres Real Estate Group
Listed By:
Abiel De La Torre
Source:
Crexi
Added: Apr 21
Changed: Jul 21
Last Checked: Aug 3 at 7:26AM
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 Torres Real Estate Group
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 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 | $32.4k | $14.04 |
| − Vacancy | −$3.6k | −$1.55 |
| EGI | $28.9k | $12.49 |
| − OpEx | −$8.7k | −$3.75 |
| NOI | $20.2k | $8.74 |
2,310 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$288.6K
$252.5K – $336.7K
NOI $20,201 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$265.7K
$232.5K – $310.0K
NOI $18,599 @ 7.0% cap · market cap 7.59%
Theoretical Best
Hotel Hospitality
$1.74M
$1.52M – $2.03M
NOI $121,795 @ 7.0% cap · market cap 49.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
943
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 Street Mission, TX.
What is the asking price?
The asking price for this property is $245,000.
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
