Modern Fourplex Built in
For Sale
$490,000
909 West La Pointe Avenue, Mission, TX 78573
Fourplex built in 2022, offering a highend contemporary living experience.
Property Size4,032 SF
Price / SF$121.53
Days on Market262
Property Features for 909 West La Pointe Avenue
General Information
Standard status
Active
Size
4,032 SF
Property subtype
Residential Income / Quadruplex
Taxes and HOA fees
Annual Taxes
$12,975
Amenities
Central Air
Central, Yes
Tile
Electric Water Heater, Smooth Electric Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Yes
Laundry Area, Washer/Dryer Connection
Ceiling Fan(s), Crown/Cove Molding, Dryer, Walk-In Closet(s), Washer
Slab
No
Composition Shingle
Wood
Energy Features (Double Pane Windows)
Outbuilding (None)
Sprinkler System
Smoke Detector(s)
2
Property Owners' Assoc.
Brick
Covered Patio
Building Details
Year Built
2022
Listing Agency:
LPT Realty, LLC
Listed By:
Daniela Flores · License #0694684
(281) 202-8028
Source:
Compass
Added: Jan 24
Changed: Oct 11
Last Checked: Oct 12 at 10:29PM
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 LPT Realty, LLC
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**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,200
$705.2K
Cap Rate 7%
$503,714
$503.7K
Cap Rate 9%
$391,778
$391.8K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$56.6K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.4K $12.49/SF
− OpEx
−$15.1K −$3.75/SF
NOI
$35.3K $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%
$705,200
Cap Rate 7%
$503,714
Cap Rate 9%
$391,778
Alternative Uses
Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 6.63%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 43.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
64
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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 West 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**
