Quadplex with
For Sale
$375,000
610 S Linda Street, Mission, TX 78573
MULTI_FAMILY - Mission, TX
Property Size3,584 SF
Lot Size0.21 Acres
Price / SF$104.63
Days on Market39
Property Features for 610 S Linda Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Appliances
Electric Water Heater, Water Heater (Laundry Room), Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Stewart Landing Ph 2
Lot features
Curb & Gutters, Mature Trees, Sidewalks
Elementary school
Jensen
Middle school
Sharyland North Junior
High school
Sharyland Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
From I-2 W, take Exit 137 toward FM-396/Bryan Rd. Turn right onto S Stewart Rd, then right onto E Garfield Ave. Turn left onto S Linda St. Property will be on the right.
Standard status
Active
APN
S606302000002800
Size
3,584 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9251
HOA Fee
$550 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
2019
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
Tierra Frontera LLC
(956) 307-4544
Listed By:
Jessica Marroquin
(956) 536-2715
Added: Jul 7
Changed: Aug 3
Last Checked: Aug 14 at 5:06PM
MLS# 498945
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 well-maintained quadplex (4-plex) offers a functional layout across its units, with tile flooring throughout, spacious living areas, and comfortable bedrooms. The exterior is described as low-maintenance, with a patio and garage parking. Interior appliances listed include an electric water heater, washer and dryer, refrigerator, and an electric smooth range.
The property sits on a 0.2145-acre lot with 3,584 square feet of building area, constructed with brick materials. Heating is provided by electric heating with central heating, and cooling is central air with electric.
Built in 2019 and covered by a shingle roof, the quadplex is presented as a residential income property with convenient access to everyday needs.
The property sits on a 0.2145-acre lot with 3,584 square feet of building area, constructed with brick materials. Heating is provided by electric heating with central heating, and cooling is central air with electric.
Built in 2019 and covered by a shingle roof, the quadplex is presented as a residential income property with convenient access to everyday needs.
Key Highlights
- 0.2145‑acre lot with 3,584 SF building area
- Built in 2019
- Brick construction with shingle roof
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
$31,342
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
8.36%
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%
$626,840
$626.8K
Cap Rate 7%
$447,743
$447.7K
Cap Rate 9%
$348,244
$348.2K
Market Conditions
NOI Build-Up for 3,584 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
$50.3K $14.04/SF
− Vacancy
−$5.5K −$1.55/SF
EGI
$44.8K $12.49/SF
− OpEx
−$13.4K −$3.75/SF
NOI
$31.3K $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%
$626,840
Cap Rate 7%
$447,743
Cap Rate 9%
$348,244
Alternative Uses
Best Use
Multifamily LT 5
$447.7K
$391.8K – $522.4K
NOI $31,342 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$412.2K
$360.7K – $480.9K
NOI $28,856 @ 7.0% cap · market cap 7.69%
Theoretical Best
Hotel Hospitality
$2.70M
$2.36M – $3.15M
NOI $188,966 @ 7.0% cap · market cap 50.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
159
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 - Well-maintained 4-plex with a patio, tile flooring, central electric HVAC, and garage parking on a small lot in Mission
Where is this quadplex located?
The property is located at 610 S Linda Street Mission, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 0.2145‑acre lot with 3,584 SF building area; Built in 2019; Brick construction with shingle roof
