Four-Unit
For Sale
$490,000
7111 N 59th Lane, Mission, TX 78573
Residential Income, Mission, TX
Property Size4,131 SF
Lot Size0.30 Acres
Price / SF$118.62
Days on Market120
Property Features for 7111 N 59th Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Parking features
None
Exterior features
Motorized Gate, Sprinkler System
Fencing
Gate
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dryer, Oven-Single, Refrigerator, Washer
Subdivision
Shary Manor
Lot features
Cul-De-Sac, Curb & Gutters, Sidewalks
Elementary school
O'Garza
Middle school
North Jr. High
High school
Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
Drive north on Shary Rd. passed 4 mile. Turn East (right) on Robin Ave and take the first turn South (right) and you will find the property at the end of the street on the East (right) side.
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
HOA Fee
$600 Annually
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
Listed By:
Jalyssa Garza
(956) 655-2191
Added: Jun 19
Changed: Sep 16
Last Checked: Oct 16 at 1:06PM
MLS# 501411
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2022, this 4,131-square-foot quadplex contains four residential units: three with 3 bedrooms and 2 bathrooms, plus one with 2 bedrooms and 2 bathrooms. The residences include living areas, full kitchens, bedrooms, and bathrooms, with central heating and central air. Brick construction, shingle roofing, public water, and an electric water heater support the property's core infrastructure. Appliances include refrigerators, ovens, smooth electric cooktops, washers, and dryers.
One unit is vacant, while the remaining residences provide an occupied-unit configuration. The property sits on 0.2952 acres in Mission, Texas, near schools, shopping, dining, and major roadways. Exterior features include a motorized gate and sprinkler system; the property does not include designated parking.
One unit is vacant, while the remaining residences provide an occupied-unit configuration. The property sits on 0.2952 acres in Mission, Texas, near schools, shopping, dining, and major roadways. Exterior features include a motorized gate and sprinkler system; the property does not include designated parking.
Key Highlights
- 2022‑built quadplex totaling 4,131 square feet
- Unit mix includes three 3‑bedroom, 2‑bath units and one 2‑bedroom, 2‑bath unit
- One unit is currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,125
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,500
$722.5K
Cap Rate 7%
$516,071
$516.1K
Cap Rate 9%
$401,389
$401.4K
Market Conditions
NOI Build-Up for 4,131 SF
Gross rent
$58.0K $14.04/SF
− Vacancy
−$6.4K −$1.55/SF
EGI
$51.6K $12.49/SF
− OpEx
−$15.5K −$3.75/SF
NOI
$36.1K $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 Rate 5%
$722,500
Cap Rate 7%
$516,071
Cap Rate 9%
$401,389
Alternative Uses
Best Use
Multifamily LT 5
$516.1K
$451.6K – $602.1K
NOI $36,125 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$475.2K
$415.8K – $554.4K
NOI $33,261 @ 7.0% cap · market cap 6.79%
Theoretical Best
Hotel Hospitality
$3.11M
$2.72M – $3.63M
NOI $217,807 @ 7.0% cap · market cap 44.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
71
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
Frequently Asked Questions
What type of property is this?
Quadplex - Brick multifamily property with varied floor plans, central HVAC, full kitchens, and one currently vacant residence.
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 $490,000.
What are key features of this property?
This property features: 2022‑built quadplex totaling 4,131 square feet; Unit mix includes three 3‑bedroom, 2‑bath units and one 2‑bedroom, 2‑bath unit; One unit is currently vacant
