805 First Street, Mission, TX 78572
Fully leased eight-unit multifamily with all units occupied, offering an income-focused option for buyers.
- Added:
- Jun 9, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 20 at 8:24 am
Property Features for 805 First Street
General Information
- Standard status
- Active
- Size
- 3,756 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing agent Rodrigo Garza Saenz
Listing office Texas Star Realty, LLC
Listing date Jun 9, 2026
Source Crexi
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 Texas Star Realty, LLC
HighLights
- 8‑plex multifamily property with all units occupied (fully leased).
- Year built: 1973.
Overview
The building is located at 805 First Street in Mission, TX, with the public remarks noting convenient access to major roads and proximity to shopping centers, restaurants, schools, and employment hubs. This surrounding mix supports day-to-day tenant convenience and helps explain the property’s appeal to renters seeking nearby services.
For prospective investors or owner-operators, the practical consideration here is straightforward: the property is marketed as fully occupied, which can reduce near-term leasing activity expectations compared with vacancies. The 8-unit layout is typically suited to buyers seeking manageable scale within a single multifamily building while maintaining rental income as the core business objective. Buyers should still confirm details such as unit configuration, lease terms, and any operating expenses during diligence.
Local Financial Insights For Apartment 5plus
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 | $62.2k | $16.56 |
| − Vacancy | −$7.2k | −$1.92 |
| EGI | $55.0k | $14.64 |
| − OpEx | −$24.7k | −$6.59 |
| NOI | $30.2k | $8.05 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.335812
- Latitude
- 26.207472
