Six-Unit Apartment
For Sale
$700,000
7703 N 58th, Mission, TX 78573
Newly built multifamily property with upgraded interiors, private fenced yards, and covered resident parking.
Property Size5,450 SF
Price / SF$128.44
Days on Market25
Property Features for 7703 N 58th
General Information
Standard status
Active
Size
5,450 SF
Total Parking Spaces
11
Property subtype
Multi-Family
Units
Unit Mix
4 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
6
Amenities
wood-look tile flooring
quartz countertops
custom-built cabinetry
quartz backsplashes
stainless steel appliances
in-unit washers and dryers
individual fenced backyards
Building Details
Year Built
2025
Listing Agency:
Nexus Rgv Adminstrative Group, Llc
(956) 777-9340
Listed By:
Daniela Perez · License #801068475
Source:
Ryanandbrian
Added: Aug 8
Changed: Aug 31
Last Checked: Aug 31 at 5:15AM
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
Investment Insights
Based on property information with market context.
Completed in 2025, this 5,450-square-foot apartment property contains six residences with a mix of four three-bedroom, two-bath units and two one-bedroom, one-bath units. Interior features include wood-look tile flooring, quartz countertops and backsplashes, custom cabinetry, stainless steel appliances, and in-unit washers and dryers. Each residence also includes an individual fenced backyard.
The property provides 11 covered carport spaces and is located at 7703 N 58th in Mission, within Sharyland ISD. Shary Road, shopping, dining, and schools are identified nearby, adding established daily-service context for residents. The combination of recent construction, varied unit configurations, private outdoor areas, and covered parking supports a practical multifamily layout.
The property provides 11 covered carport spaces and is located at 7703 N 58th in Mission, within Sharyland ISD. Shary Road, shopping, dining, and schools are identified nearby, adding established daily-service context for residents. The combination of recent construction, varied unit configurations, private outdoor areas, and covered parking supports a practical multifamily layout.
Key Highlights
- Six‑unit multifamily property completed in 2025
- Unit mix includes four 3‑bedroom, 2‑bath residences and two 1‑bedroom, 1‑bath residences
- 5,450‑square‑foot property at 7703 N 58th, Mission, TX 78573
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,881
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly built multifamily property with upgraded interiors, private fenced yards, and covered resident parking.
Where is this apartment building located?
The property is located at 7703 N 58th 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‑unit multifamily property completed in 2025; Unit mix includes four 3‑bedroom, 2‑bath residences and two 1‑bedroom, 1‑bath residences; 5,450‑square‑foot property at 7703 N 58th, Mission, TX 78573
