Four-Unit Quadplex with Private
906 E Tom Landry Street, Mission, TX 78572
For Sale
New
$495,000
Residential Income, Mission, TX
Property Size3,654 SF
Lot Size0.41 Acres
Price / SF$135.47
Days on Market2
Property Features for 906 E Tom Landry Street
General Information
Property type
Property subtype
Exterior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
private laundry
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
BIG Realty
Listed By:
Ricardo Benavides · License TX #574075
(956) 465-0011
Added: Nov 11
Last Checked: Nov 12 at 8:06PM
MLS# 520121
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.
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.
Built in 2022, this four-unit property contains 3,654 square feet on a 0.4061-acre lot. All residences have two bedrooms and two bathrooms, with individual laundry facilities. Central heating and air conditioning serve the units; the building also has a slab foundation and wood siding. A sprinkler system and barbecue pit/grill are among the exterior features.
Three apartments are currently occupied, while the fourth is vacant. The property is in Mission CISD, with Castro Elementary, Mission Junior High, and Mission High School identified as the district schools. Business 83 and retail and dining options along that corridor are a short drive away.
Three apartments are currently occupied, while the fourth is vacant. The property is in Mission CISD, with Castro Elementary, Mission Junior High, and Mission High School identified as the district schools. Business 83 and retail and dining options along that corridor are a short drive away.
Key Highlights
- Four residences, each with 2 bedrooms and 2 bathrooms
- 3,654‑square‑foot building on a 0.4061‑acre lot
- Constructed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,954
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,080
$639.1K
Cap Rate 7%
$456,486
$456.5K
Cap Rate 9%
$355,044
$355.0K
Market Conditions
NOI Build-Up for 3,654 SF
Gross rent
$51.3K $14.04/SF
− Vacancy
−$5.7K −$1.55/SF
EGI
$45.6K $12.49/SF
− OpEx
−$13.7K −$3.75/SF
NOI
$32.0K $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%
$639,080
Cap Rate 7%
$456,486
Cap Rate 9%
$355,044
Alternative Uses
Best Use
Multifamily LT 5
$456.5K
$399.4K – $532.6K
NOI $31,954 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$420.3K
$367.8K – $490.3K
NOI $29,420 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,976 @ 7.0% cap · market cap 18.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Mission, TX
Properties on Market for Quadplexes in Mission
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence provides two bedrooms, two bathrooms, and its own laundry area.
Where is this quadplex located?
The property is located at 906 E Tom Landry 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: Four residences, each with 2 bedrooms and 2 bathrooms; 3,654‑square‑foot building on a 0.4061‑acre lot; Constructed in 2022
