6-Unit Multifamily
New
For Sale
$700,000
7703 N 58th Lane, Mission, TX 78573
The residential mix comprises four three-bedroom homes and two one-bedroom homes.
Property Size5,450 SF
Price / SF$128.44
Days on Market3
Property Features for 7703 N 58th Lane
General Information
Standard status
Active
Size
5,450 SF
Total Parking Spaces
11
Property subtype
Multi Family Home
Units
Unit Mix
4 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$14,880
Amenities
in-unit washer/dryer
fenced backyards
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Microwave
Walk-In Closet(s)
Washer
Sprinkler System
Building Details
Building Size
5,450 SF
Year Built
2025
Buildings
3
Stories
1
Units
6
Listing Agency:
Nexus RGV Adminstrative Group, LLC
Listed By:
Daniela Perez · License #801068475
(956) 777-9340
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 6:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nexus RGV Adminstrative Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2025, this 5,450-square-foot multifamily property contains six residences: four with three bedrooms and two bathrooms, plus two with one bedroom and one bathroom. Interior features include wood-look tile, quartz counters and backsplashes, custom cabinetry, stainless steel appliances, and in-unit washers and dryers. Each residence has its own fenced backyard, and the property includes 11 covered carport spaces.
The property is in Sharyland ISD, near Shary Road, shopping, dining, and schools.
The property is in Sharyland ISD, near Shary Road, shopping, dining, and schools.
Key Highlights
- Six residences: four 3‑bedroom, 2‑bath units and two 1‑bedroom, 1‑bath units
- 5,450‑square‑foot property built in 2025
- Individual fenced backyards for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,881
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,620
$877.6K
Cap Rate 7%
$626,871
$626.9K
Cap Rate 9%
$487,567
$487.6K
Market Conditions
NOI Build-Up for 5,450 SF
Gross rent
$90.3K $16.56/SF
− Vacancy
−$10.5K −$1.92/SF
EGI
$79.8K $14.64/SF
− OpEx
−$35.9K −$6.59/SF
NOI
$43.9K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,620
Cap Rate 7%
$626,871
Cap Rate 9%
$487,567
Alternative Uses
Best Use
Apartment 5plus
$626.9K
$548.5K – $731.4K
NOI $43,881 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.11M
$3.59M – $4.79M
NOI $287,351 @ 7.0% cap · market cap 41.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
822
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?
Apartment building - The residential mix comprises four three-bedroom homes and two one-bedroom homes.
Where is this apartment building located?
The property is located at 7703 N 58th Lane Mission, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Six residences: four 3‑bedroom, 2‑bath units and two 1‑bedroom, 1‑bath units; 5,450‑square‑foot property built in 2025; Individual fenced backyards for each residence
