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Modern Fourplex Built in 2022

909 W La Pointe Avenue Mission, TX 78573

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Fourplex built in 2022, offering a highend contemporary living experience.

Type:Multifamily
Property size:
4,032 SF
Price / SF:
$121.53/SF
Added:
May 13, 2026
Days on Market:
63
Last Refresh:
Jun 27 at 10:15 am

Property Features for 909 W La Pointe Avenue

General Information

Standard status
Active
Size
4,032 SF
Property subtype
Multifamily

Building Details

Year Built
2022

Listing office RE/MAX elite

Listing date May 13, 2026

Source Crexi

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 RE/MAX elite


Investment Insights

Based on property information with market context.

This multifamily property, constructed in 2022, is located in the Sunset Valley Subdivision. The property contains four units. Each unit features 3 bedrooms and 2 bathrooms. The apartments offer an open concept design. Interior features include quartz countertops, modern cabinetry, and tile flooring throughout. All appliances are included. Energy-efficient lighting is installed. Each unit includes its own fenced-in yard. The property size is 4032 square feet.

Key Highlights

  • Modern fourplex built in 2022
  • Each unit has a private fenced‑in yard
  • 3 Bedroom - 2 Bathroom apartments

Local 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 $56.6k $14.04
− Vacancy −$6.2k −$1.55
EGI $50.4k $12.49
− OpEx −$15.1k −$3.75
NOI $35.3k $8.74
4,032 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K (±1% cap)
NOI $35,260 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K (±1% cap)
NOI $32,464 @ 7.0% cap · market cap 6.63%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M (±1% cap)
NOI $212,587 @ 7.0% cap · market cap 43.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Dental Office Auto Parts Store Electrical Service Kitchen & Bath Showroom Bakery Hair Salon Skin Care Clinic Computer & Electronic Repair (Bike/Boat/Book/etc) Store Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Fourplex built in 2022, offering a highend contemporary living experience.
Where is this quadplex located?
The property is located at 909 W La Pointe Avenue Mission, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Modern fourplex built in 2022; Each unit has a **private fenced‑in yard**; **3 Bedroom - 2 Bathroom apartments**
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