Fourplex with Covered
For Sale
$565,000
7706 N 58th Lane, Mission, TX 78573
Four residences offer three-bedroom layouts, private fenced yards, and contemporary interior finishes.
Property Size4,400 SF
Price / SF$128.41
Days on Market8
Property Features for 7706 N 58th Lane
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,565
Amenities
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Microwave
Walk-In Closet(s)
Washer
Sprinkler System
Building Details
Building Size
4,400 SF
Year Built
2025
Buildings
2
Stories
2
Units
4
Listing Agency:
Nexus RGV Adminstrative Group, LLC
Listed By:
Daniela Perez · License #801068475
(956) 777-9340
Source:
Culturare
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 23 at 5:11PM
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
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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 2025, this two-story fourplex at 7706 N 58th Lane in Mission contains 4,400 square feet across four residences. Each unit has three bedrooms, two bathrooms, open-concept living space, walk-in closets, and a private fenced backyard. Interior features include wood-look tile, quartz countertops, custom cabinetry, and frameless glass showers.
Eight covered carport spaces serve the property. The four units are fully leased, and the property is located in Sharyland ISD.
Eight covered carport spaces serve the property. The four units are fully leased, and the property is located in Sharyland ISD.
Key Highlights
- Four residences, each with 3 bedrooms and 2 bathrooms
- 4,400 square feet in a two‑story building completed in 2025
- Eight covered carport spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,478
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,560
$769.6K
Cap Rate 7%
$549,686
$549.7K
Cap Rate 9%
$427,533
$427.5K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$61.8K $14.04/SF
− Vacancy
−$6.8K −$1.55/SF
EGI
$55.0K $12.49/SF
− OpEx
−$16.5K −$3.75/SF
NOI
$38.5K $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%
$769,560
Cap Rate 7%
$549,686
Cap Rate 9%
$427,533
Alternative Uses
Best Use
Multifamily LT 5
$549.7K
$481.0K – $641.3K
NOI $38,478 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$506.1K
$442.8K – $590.4K
NOI $35,426 @ 7.0% cap · market cap 6.27%
Theoretical Best
Hotel Hospitality
$3.31M
$2.90M – $3.87M
NOI $231,990 @ 7.0% cap · market cap 41.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
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?
Quadplex - Four residences offer three-bedroom layouts, private fenced yards, and contemporary interior finishes.
Where is this quadplex located?
The property is located at 7706 N 58th Lane Mission, TX.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Four residences, each with 3 bedrooms and 2 bathrooms; 4,400 square feet in a two‑story building completed in 2025; Eight covered carport spaces
