Five-Unit Apartment
For Sale
$475,000
8207 Silverado N, Mission, TX 78573
Multifamily property with two-bedroom units and conveying kitchen and laundry appliances.
Property Size4,510 SF
Lot Size1.00 Acre
Price / SF$105.32
Days on Market551
Property Features for 8207 Silverado N
General Information
Standard status
Active
Size
4,510 SF
Lot size
1.00 Acre
Property subtype
Residential Income
Additional Details
Road Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$9,721
Listing Agency:
SENDERO REALTY TX LLC
Listed By:
Fernando Reyes
(956) 458-5839
Source:
Exprealty
Added: Apr 14, 2025
Changed: Oct 11
Last Checked: Oct 15 at 2:32AM
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 SENDERO REALTY TX LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment property in Mission contains a combined 4,510 square feet. The units are configured with two bedrooms and one bathroom, and conveying appliances include a washer, dryer, stove, and refrigerator.
The property occupies 1 acre at the southeast corner of La Homa Rd and Silverado Circle, providing substantial land area within the parcel. Its apartment-building configuration and existing appliances support continued residential income use.
The property occupies 1 acre at the southeast corner of La Homa Rd and Silverado Circle, providing substantial land area within the parcel. Its apartment-building configuration and existing appliances support continued residential income use.
Key Highlights
- Five‑unit apartment property in Mission
- 4,510 square feet of combined property size
- Two‑bedroom, one‑bathroom unit configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,312
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,240
$726.2K
Cap Rate 7%
$518,743
$518.7K
Cap Rate 9%
$403,467
$403.5K
Market Conditions
NOI Build-Up for 4,510 SF
Gross rent
$74.7K $16.56/SF
− Vacancy
−$8.7K −$1.92/SF
EGI
$66.0K $14.64/SF
− OpEx
−$29.7K −$6.59/SF
NOI
$36.3K $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 Rate 5%
$726,240
Cap Rate 7%
$518,743
Cap Rate 9%
$403,467
Alternative Uses
Best Use
Apartment 5plus
$518.7K
$453.9K – $605.2K
NOI $36,312 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.40M
$2.97M – $3.96M
NOI $237,790 @ 7.0% cap · market cap 50.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
80
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?
Apartment building - Multifamily property with two-bedroom units and conveying kitchen and laundry appliances.
Where is this apartment building located?
The property is located at 8207 Silverado N Mission, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Five‑unit apartment property in Mission; 4,510 square feet of combined property size; Two‑bedroom, one‑bathroom unit configuration
