7111 N 59th Lane Mission, TX 78573
MULTI_FAMILY - Mission, TX
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 agent Jalyssa Garza (956) 655-2191
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Jun 19, 2026
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.
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 |
