Fourplex with Gated
New
For Sale
$455,000
904 W Mahala Avenue, Mission, TX 78573
Four residential units include private backyards, in-unit laundry, and covered parking.
Property Size3,596 SF
Price / SF$126.53
Days on Market4
Property Features for 904 W Mahala Avenue
General Information
Standard status
Active
Size
3,596 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Units
Multifamily Units
4
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$11,145
Amenities
gated community
in-unit washer and dryer
private backyard
Ceiling Fan(s)
Building Details
Building Size
3,596 SF
Year Built
2022
Buildings
2
Stories
1
Units
4
Listing Agency:
Effective Real Estate, LLC
Listed By:
Monica M Rodriguez Garza
(956) 655-8906
Source:
Justrealty
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:11AM
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 Effective Real Estate, LLC
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Investment Insights
Based on property information with market context.
Built in 2022, this 3,596-square-foot quadplex contains four units with living and dining areas, spacious bedrooms, and a primary suite with a walk-in closet in each. Private backyards give each residence its own outdoor area. Kitchen appliances include a refrigerator and stove, and every unit has an in-unit washer and dryer.
The property is within a gated community and provides two covered parking spaces per unit.
The property is within a gated community and provides two covered parking spaces per unit.
Key Highlights
- Fourplex built in 2022 with 3,596 square feet
- Gated community setting
- Two covered parking spaces per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,447
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,940
$628.9K
Cap Rate 7%
$449,243
$449.2K
Cap Rate 9%
$349,411
$349.4K
Market Conditions
NOI Build-Up for 3,596 SF
Gross rent
$50.5K $14.04/SF
− Vacancy
−$5.6K −$1.55/SF
EGI
$44.9K $12.49/SF
− OpEx
−$13.5K −$3.75/SF
NOI
$31.4K $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%
$628,940
Cap Rate 7%
$449,243
Cap Rate 9%
$349,411
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units include private backyards, in-unit laundry, and covered parking.
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 with 3,596 square feet; Gated community setting; Two covered parking spaces per unit
