Fourplex with Private
904 W Mahala Avenue Mission, TX 78573
For Sale
$455,000
MULTI_FAMILY - Mission, TX
Property Size3,596 SF
Lot Size0.24 Acres
Price / SF$126.53
Days on Market95
Property Features for 904 W Mahala Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Appliances
Electric Water Heater
Standard status
Active
APN
S765702000005200
Size
3,596 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11145
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Stone
Roof type
Shingle
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Sharon Ochoa
(956) 445-9251
Added: Apr 24
Changed: Jun 3
Last Checked: Jul 27 at 5:06PM
MLS# 500354
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 for-sale fourplex offers four separate residential units with comfortable living and dining areas and generously sized bedrooms. The layout includes a primary suite with a walk-in closet, and each unit has access to a private backyard. Practical in-unit amenities include major kitchen appliances such as a refrigerator and stove, along with an in-unit washer and dryer. Parking is handled with two covered spaces per unit.
The property is located at 904 W Mahala Avenue in Mission, Texas, within a gated community. The community setting provides an additional layer of privacy and controlled access for residents.
For buyers seeking a small multifamily asset, the combination of spacious interior layouts, private outdoor space per unit, and functional in-unit laundry and kitchen appliances supports day-to-day tenant convenience. Two covered parking spaces per unit are also a clear operational benefit for resident parking needs. The property’s maintained condition and overall unit configuration make it a straightforward fit for investors or owner-occupants evaluating a four-unit residential income property.
The property is located at 904 W Mahala Avenue in Mission, Texas, within a gated community. The community setting provides an additional layer of privacy and controlled access for residents.
For buyers seeking a small multifamily asset, the combination of spacious interior layouts, private outdoor space per unit, and functional in-unit laundry and kitchen appliances supports day-to-day tenant convenience. Two covered parking spaces per unit are also a clear operational benefit for resident parking needs. The property’s maintained condition and overall unit configuration make it a straightforward fit for investors or owner-occupants evaluating a four-unit residential income property.
Key Highlights
- Fourplex built in 2022 in a gated community
- Central heating and central A/C
- Stone construction with a shingle roof
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 | $50.5k | $14.04 |
| − Vacancy | −$5.6k | −$1.55 |
| EGI | $44.9k | $12.49 |
| − OpEx | −$13.5k | −$3.75 |
| NOI | $31.4k | $8.74 |
3,596 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.2K
$393.1K – $524.1K
NOI $31,447 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$413.6K
$361.9K – $482.6K
NOI $28,953 @ 7.0% cap · market cap 6.36%
Theoretical Best
Hotel Hospitality
$2.71M
$2.37M – $3.16M
NOI $189,599 @ 7.0% cap · market cap 41.67%
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 - Well-maintained fourplex in a gated community with in-unit washer/dryer, major appliances, and two covered parking spaces per unit.
Where is this quadplex located?
The property is located at 904 W Mahala Avenue Mission, TX.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Fourplex built in 2022 in a gated community; Central heating and central A/C; Stone construction with a shingle roof
