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    Mission, TX Fourplex Investment Title is generated by Realmo AI

    803 W 24th Street, Mission, TX 78572

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    Claim this Listing
    For Sale
    $305,000

    MULTI_FAMILY - Mission, TX

    Property size:
    2,640 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $115/SF
    Added:
    Feb 14, 2026
    Days on Market:
    115
    Last Refresh:
    Jun 9 at 9:06 am

    Property Features for 803 W 24th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    8
    Parking features
    Garage
    Patio and Porch features
    Patio
    Exterior features
    Mature Trees
    Fencing
    Privacy
    Appliances
    Electric Water Heater, Refrigerator, Stove/Range
    Standard status
    Active
    APN
    C402000000003700
    Size
    2,640 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    6230

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1987
    Floors in Building
    1
    Number of units
    4
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Antonio Gabriel Villeda

    Listing agent Antonio Gabriel Villeda

    Listing office Glass Realty 6316 N 10th Building B, McAllen, TX

    Listing date Feb 14, 2026

    MLS# 447721 Listing URL

    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.

    HighLights

    • 4‑plex built in 1987 with 2,640 total living SF (660 SF per unit)
    • Fully leased with month‑to‑month tenants
    • Each unit is 1 bed / 1 bath with living room, kitchen, bed, and bath plus built‑ins and storage compartments
    • Utilities include 4 water meters and 4 electric meters
    • Parking includes a garage and 8 carport spaces
    • Central heating and central air; roof is composition; privacy fencing; patio and mature trees

    Overview

    This is an opportunity to purchase an affordable fourplex that is fully leased with tenants on month-to-month agreements. The property features four water meters and four electric meters. There are eight carport spaces. The building has a total of 2640 square feet of living space, with each unit offering 660 square feet. Each unit includes one bedroom and one bathroom, with a floorplan that contains a living room, kitchen, bed, and bath, as well as storage compartments and built-ins. The property is situated on a 0.1791-acre lot. This property is suitable for long-term rentals or Airbnb due to its location.

    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 $37.1k $14.04
    − Vacancy −$4.1k −$1.55
    EGI $33.0k $12.49
    − OpEx −$9.9k −$3.75
    NOI $23.1k $8.74
    2,640 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $329.8K
    $288.6K – $384.8K (±1% cap)
    NOI $23,087 @ 7.0% cap · market cap 7.57%
    Second Best
    Apartment 5plus
    $303.7K
    $265.7K – $354.3K (±1% cap)
    NOI $21,256 @ 7.0% cap · market cap 6.97%
    Theoretical Best
    Hotel Hospitality
    $1.99M
    $1.74M – $2.32M (±1% cap)
    NOI $139,194 @ 7.0% cap · market cap 45.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.331509
    Latitude
    26.231514

    FAQs

    What type of property is this?
    Quadplex - Affordable, fully leased fourplex with potential for long-term or short-term rentals.
    Where is this quadplex located?
    The property is located at 803 W 24th Street Mission, TX.
    What is the asking price?
    The asking price for this property is $305,000.
    What are key features of this property?
    This property features: 4‑plex built in 1987 with 2,640 total living SF (660 SF per unit); Fully leased with month‑to‑month tenants; Each unit is 1 bed / 1 bath with living room, kitchen, bed, and bath plus built‑ins and storage compartments
    More about this property
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