Newly Built Four-Unit Multifamily
For Sale
$580,000
808 Mountain Road, Mission, TX 78574
The gated-community property offers four residences, each with three bedrooms and two bathrooms.
Property Size4,200 SF
Price / SF$138.10
Days on Market22
Property Features for 808 Mountain Road
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
private gated community
Moen plumbing fixtures
Carrier A/C systems
contemporary finishes
spacious kitchens
modern bathrooms
functional floor plans
Building Details
Construction
Hebel
Listing Agency:
OAKK REAL ESTATE LLC
Listed By:
Karina Martinez
(956) 562-4736
Source:
Exprealty
Added: Sep 22
Changed: Oct 6
Last Checked: Oct 13 at 2:47AM
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 OAKK REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Completed as new construction, this four-unit property is located in Las Cumbres Terrace, a private gated community. Each residence has three bedrooms, two bathrooms, a spacious kitchen, and contemporary finishes. Moen plumbing fixtures and Carrier air-conditioning systems are installed throughout the building.
Block firewalls separate the units, while Hebel stone-based material forms the exterior in place of conventional foam used in stucco applications. The building’s features include modern bathrooms and functional layouts across all four residences.
Block firewalls separate the units, while Hebel stone-based material forms the exterior in place of conventional foam used in stucco applications. The building’s features include modern bathrooms and functional layouts across all four residences.
Key Highlights
- Four newly built residences, each with 3 bedrooms and 2 bathrooms
- Located within Las Cumbres Terrace, a private gated community
- Block firewalls between units provide added fire separation and help limit sound transfer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,729
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,580
$734.6K
Cap Rate 7%
$524,700
$524.7K
Cap Rate 9%
$408,100
$408.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$59.0K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.5K $12.49/SF
− OpEx
−$15.7K −$3.75/SF
NOI
$36.7K $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%
$734,580
Cap Rate 7%
$524,700
Cap Rate 9%
$408,100
Alternative Uses
Best Use
Multifamily LT 5
$524.7K
$459.1K – $612.2K
NOI $36,729 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$483.1K
$422.7K – $563.6K
NOI $33,816 @ 7.0% cap · market cap 5.83%
Theoretical Best
Hotel Hospitality
$3.16M
$2.77M – $3.69M
NOI $221,445 @ 7.0% cap · market cap 38.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
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?
Quadplex - The gated-community property offers four residences, each with three bedrooms and two bathrooms.
Where is this quadplex located?
The property is located at 808 Mountain Road Mission, TX.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Four newly built residences, each with 3 bedrooms and 2 bathrooms; Located within Las Cumbres Terrace, a private gated community; Block firewalls between units provide added fire separation and help limit sound transfer
