Mission, TX Fourplex
901 W 8th Street Mission, TX 78572
For Sale
$495,000
Pending
MULTI_FAMILY - Mission, TX
Property Size3,760 SF
Lot Size0.26 Acres
Days on Market50
Property Features for 901 W 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Water Heater (Laundry Room), Smooth Electric Cooktop, Dryer, Microwave, Oven-Single, Stove/Range-Electric Smooth, Washer
Standard status
Pending
APN
Hidden Hills Estate Subdivision Lot 21
Size
3,760 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2995
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
4
Building materials
Brick, Siding
Roof type
Composition
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Gregory A Vasquez
(956) 289-3288
Added: Jun 10
Changed: Jul 21
Last Checked: Jul 29 at 6:06AM
MLS# 491440
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.
Investment Insights
Based on property information with market context.
This fourplex is located in Mission, TX. The property offers 4246 square feet of total living space. It is part of a well-maintained HOA property, ensuring shared maintenance and amenities. The location provides accessibility to the expressway, shopping centers, and schools. The property contains 3760 square feet and is situated on a lot of 0.2576 acres.
Key Highlights
- Brand‑new fourplex built in 2024 with 4,246 sq ft of total living space
- Central heating and central air conditioning with electric heating and electric cooling
- Exterior features include brick and siding construction, composition roof, sprinkler system, and privacy fencing
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 | $52.8k | $14.04 |
| − Vacancy | −$5.8k | −$1.55 |
| EGI | $47.0k | $12.49 |
| − OpEx | −$14.1k | −$3.75 |
| NOI | $32.9k | $8.74 |
3,760 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.7K
$411.0K – $548.0K
NOI $32,881 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$432.5K
$378.4K – $504.6K
NOI $30,274 @ 7.0% cap · market cap 6.12%
Theoretical Best
Hotel Hospitality
$2.83M
$2.48M – $3.30M
NOI $198,246 @ 7.0% cap · market cap 40.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in Mission, TX with modern features and prime location.
Where is this quadplex located?
The property is located at 901 W 8th Street Mission, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Brand‑new fourplex built in 2024 with 4,246 sq ft of total living space; Central heating and central air conditioning with electric heating and electric cooling; Exterior features include brick and siding construction, composition roof, sprinkler system, and privacy fencing
