Well-Maintained
7111 N 59th Lane Mission, TX 78573
7111 N 59th Lane, Mission, TX, 78573
$499,000
For Sale
$499,000
MULTI_FAMILY - Mission, TX
Property Size4,131 SF
Lot Size0.30 Acres
Price / SF$120.79
Days on Market30
Property Features for 7111 N 59th Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage
- Exterior features
- Motorized Gate, Sprinkler System
- Fencing
- Gate
- Appliances
- Electric Water Heater, Smooth Electric Cooktop, Dryer, Oven-Single, Refrigerator, Washer
- Standard status
- Active
- APN
- 1371371
- Size
- 4,131 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12364
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
Keller Williams Realty RGV
(956) 928-1155
3300 N Mccoll. Ste P & Q, McAllen, TX
Listed by
Jalyssa Garza
(956) 655-2191
Added: Jun 19 Checked: Jul 17 at 11:06 pm
MLS# 501411
Listing URL
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.
Well-maintained 2022 four-plex offering a unit mix of three 3-bedroom, 2-bath units and one 2-bedroom, 2-bath unit. Each unit features a functional floor plan with private living spaces, full kitchens, and well-sized bedrooms and bathrooms. The property is offered unfurnished.
The property is located at 7111 N 59th Lane in Mission, Texas. It is described as being conveniently positioned near schools, shopping, dining, and major roadways, supporting day-to-day accessibility for a range of tenants.
From a tenant or owner-occupant standpoint, the configuration provides multiple bedroom-size options under one roof, with three-bedroom units and one smaller two-bedroom unit. A single unit is currently vacant, which may allow for immediate occupancy decisions by an owner-occupant or an incoming tenant. Photos are referenced from a neighboring unit and are provided for layout reference only; finishes, colors, materials, and design selections may vary from the subject property. Seller concessions are available, and the floor plan and layout are stated to be identical between the units.
The property is located at 7111 N 59th Lane in Mission, Texas. It is described as being conveniently positioned near schools, shopping, dining, and major roadways, supporting day-to-day accessibility for a range of tenants.
From a tenant or owner-occupant standpoint, the configuration provides multiple bedroom-size options under one roof, with three-bedroom units and one smaller two-bedroom unit. A single unit is currently vacant, which may allow for immediate occupancy decisions by an owner-occupant or an incoming tenant. Photos are referenced from a neighboring unit and are provided for layout reference only; finishes, colors, materials, and design selections may vary from the subject property. Seller concessions are available, and the floor plan and layout are stated to be identical between the units.
Key Highlights
- 2022‑built brick 4‑plex with central heating and central A/C
- Unit mix: three 3‑bedroom, 2‑bath units and one 2‑bedroom, 2‑bath unit
- One unit is currently vacant, offering immediate income or owner‑occupant potential
Local 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 | $58.0k | $14.04 |
| − Vacancy | −$6.4k | −$1.55 |
| EGI | $51.6k | $12.49 |
| − OpEx | −$15.5k | −$3.75 |
| NOI | $36.1k | $8.74 |
4,131 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$516.1K
$451.6K – $602.1K
NOI $36,125 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$475.2K
$415.8K – $554.4K
NOI $33,261 @ 7.0% cap · market cap 6.67%
Theoretical Best
Hotel Hospitality
$3.11M
$2.72M – $3.63M
NOI $217,807 @ 7.0% cap · market cap 43.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - 2022-built four-plex with functional unit layouts, full kitchens, and a unit currently vacant for owner-occupant flexibility.
Where is this quadplex located?
The property is located at 7111 N 59th Lane Mission, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2022‑built brick 4‑plex with central heating and central A/C; Unit mix: three 3‑bedroom, 2‑bath units and one 2‑bedroom, 2‑bath unit; One unit is currently vacant, offering immediate income or owner‑occupant potential
