New HOA
New
For Sale
$510,000
705 Pedro Street, Mission, TX 78572
MULTI_FAMILY - Mission, TX
Property Size3,760 SF
Lot Size0.22 Acres
Price / SF$135.64
Days on Market3
Property Features for 705 Pedro Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Water Heater (Laundry Room), Smooth Electric Cooktop, Dryer, Microwave, Oven-Single, Stove/Range-Electric Smooth, Washer
Subdivision
Hidden Hills Estate
Lot features
Cul-De-Sac, Curb & Gutters, Irregular Lot, Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Marcell
Middle school
Mission Junior High
High school
Mission H.S.
Elementary school district
Mission ISD
Middle school district
Mission ISD
High school district
Mission ISD
Directions
Starting intersection: Interstate Highway 2 and Business 83 (old 83). Head east on busines 83 (old 83) until Holland Ave. Turn right (south) on Holland. Entrance to subdivision is on the right hand side (west) behind the Misiion ISD bus barn.
Standard status
Active
APN
Hidden Hills Estate Subdivision Lot 31
Size
3,760 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2995
HOA Fee
$300 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
4
Building materials
Brick, Siding
Roof type
Composition
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Gregory A Vasquez
(956) 289-3288
Added: Aug 3
Last Checked: Aug 5 at 10:06PM
MLS# 452920
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.
Completed in 2024, this quadplex provides 3,760 square feet of total living area across four residential units. The property includes brick and siding construction, composition roofing, central electric heating and air conditioning, and public water service. Interior appliances include electric cooking equipment, a microwave, washer, dryer, and electric water heaters. Exterior features include private patios, privacy fencing, and a sprinkler system.
The property is located at 705 Pedro Street in Mission, Texas, near an expressway, shopping centers, and schools. It is part of an HOA community with shared maintenance and amenities. The 0.2235-acre site has no designated parking, while the individual units offer a practical residential income configuration within a recently constructed fourplex.
The property is located at 705 Pedro Street in Mission, Texas, near an expressway, shopping centers, and schools. It is part of an HOA community with shared maintenance and amenities. The 0.2235-acre site has no designated parking, while the individual units offer a practical residential income configuration within a recently constructed fourplex.
Key Highlights
- Fourplex completed in 2024
- 3,760 square feet of total living area
- 0.2235‑acre site at 705 Pedro Street, Mission, TX 78572
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 | $52.8k | $14.04 |
| − Vacancy | −$5.8k | −$1.55 |
| EGI | $47.0k | $12.49 |
| − OpEx | −$14.1k | −$3.75 |
| NOI | $32.9k | $8.74 |
3,760 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.7K
$411.0K – $548.0K
NOI $32,881 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$432.5K
$378.4K – $504.6K
NOI $30,274 @ 7.0% cap · market cap 5.94%
Theoretical Best
Hotel Hospitality
$2.83M
$2.48M – $3.30M
NOI $198,246 @ 7.0% cap · market cap 38.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
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?
Quadplex - Four-unit property with modern finishes, patios, privacy fencing, and central electric heating and cooling.
Where is this quadplex located?
The property is located at 705 Pedro Street Mission, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Fourplex completed in 2024; 3,760 square feet of total living area; 0.2235‑acre site at 705 Pedro Street, Mission, TX 78572
