Listing Agency: Coldwell Banker La Mansion d***@cbcriograndevalley.com Show Phone

Listed By: Delfino Cervantes Show Phone

Source: Exprealty

Added: Oct 23, 2025 Changed: Oct 8 Last Checked: Oct 16 at 12:48PM

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Investment Insights

Based on property information with market context.

This four-unit residential income property contains 4,292 square feet, with each residence offering three bedrooms, two bathrooms, and 1,073 square feet of living area. The buildings feature full brick exteriors, individual yards, and included appliances. A sprinkler system supports the property, which also includes an eight-car carport, five electric meters, and one water meter.

The quadplex is situated on a corner lot within a gated subdivision in Alton, Texas. Its current leasing status provides an established occupancy profile, while the setting near schools and ongoing city development adds relevant surrounding context for multifamily ownership.

Key Highlights

• Four‑unit property totaling 4,292 square feet
• Each unit includes 3 bedrooms, 2 bathrooms, and 1,073 square feet
• Fully leased quadplex in a gated subdivision

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,533

Cap Rate

7.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$750,660 $750.7K

Cap Rate 7%

$536,186 $536.2K

Cap Rate 9%

$417,033 $417.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,292 SF

Gross rent

$60.3K $14.04/SF

− Vacancy

−$6.6K −$1.55/SF

EGI

$53.6K $12.49/SF

− OpEx

−$16.1K −$3.75/SF

NOI

$37.5K $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%

$750,660

Cap Rate 7%

$536,186

Cap Rate 9%

$417,033

Alternative Uses

Best Use

Multifamily LT 5

$536.2K

$469.2K – $625.6K (±1% cap)

NOI $37,533 @ 7.0% cap · market cap 7.84%

Second Best

Apartment 5plus

$493.7K

$432.0K – $576.0K (±1% cap)

NOI $34,557 @ 7.0% cap · market cap 7.21%

Theoretical Best

Hotel Hospitality

$3.23M

$2.83M – $3.77M (±1% cap)

NOI $226,296 @ 7.0% cap · market cap 47.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Skin Care Clinic Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

187

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Gated residential income property with brick construction, private yards, covered parking, and appliances included in each unit.

Where is this quadplex located?

The property is located at 909 N Maryland St Mission, TX.

What is the asking price?

The asking price for this property is $479,000.

What are key features of this property?

This property features: Four‑unit property totaling 4,292 square feet; Each unit includes 3 bedrooms, 2 bathrooms, and 1,073 square feet; Fully leased quadplex in a gated subdivision