Six-Unit Apartment
For Sale
Contact for pricing
606 North Inspiration Road, Mission, TX 78572
Multifamily property with two-bedroom, two-bath residences and full occupancy.
Property Size5,400 SF
Price / SF$120.37
Days on Market129
Property Features for 606 North Inspiration Road
General Information
Standard status
Active
Size
5,400 SF
Class
B
Property subtype
Multifamily
Zoning
RS
Occupancy
100%
Net Operating Income
$38,655
Units
Unit Mix
6 x 2BR/2BA
Multifamily Units
6
Building Details
Year Built
2019
Year Renovated
2019
Buildings
4
Units
2
Tenancy
Multi
Listing Agency:
TNT Real Estate
Listed By:
Monica Santos · License #617272
Source:
Crexi
Added: Jun 10
Changed: Oct 6
Last Checked: Oct 16 at 7:53AM
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 TNT Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property contains six residences, each configured with two bedrooms and two bathrooms. Completed in 2019, the building offers 5,400 square feet of residential space and is designated RS zoning.
All six units are occupied, providing an established operating profile for a multifamily owner. The property is located at 606 North Inspiration Road in Mission, Texas, within the Mile 5 and Inspiration Road area.
All six units are occupied, providing an established operating profile for a multifamily owner. The property is located at 606 North Inspiration Road in Mission, Texas, within the Mile 5 and Inspiration Road area.
Key Highlights
- Six‑unit apartment property with six 2‑bedroom, 2‑bathroom units
- 5,400 square feet of residential property
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,478
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,560
$869.6K
Cap Rate 7%
$621,114
$621.1K
Cap Rate 9%
$483,089
$483.1K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$89.4K $16.56/SF
− Vacancy
−$10.4K −$1.92/SF
EGI
$79.1K $14.64/SF
− OpEx
−$35.6K −$6.59/SF
NOI
$43.5K $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%
$869,560
Cap Rate 7%
$621,114
Cap Rate 9%
$483,089
Alternative Uses
Best Use
Apartment 5plus
$621.1K
$543.5K – $724.6K
NOI $43,478 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.07M
$3.56M – $4.75M
NOI $284,715 @ 7.0% cap · market cap 43.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
129
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
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with two-bedroom, two-bath residences and full occupancy.
Where is this apartment building located?
The property is located at 606 North Inspiration Road Mission, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six‑unit apartment property with six 2‑bedroom, 2‑bathroom units; 5,400 square feet of residential property; Built in 2019
