4-Unit Quadplex with Covered
New
For Sale
$480,000
913 N Maryland Street, Mission, TX 78573
Each residence has three bedrooms, two bathrooms, and covered parking.
Property Size4,032 SF
Price / SF$119.05
Days on Market4
Property Features for 913 N Maryland Street
General Information
Standard status
Active
Size
4,032 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,767
Amenities
covered parking
private walkway
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Microwave
Walk-In Closet(s)
Washer
Sprinkler System
Building Details
Building Size
4,032 SF
Year Built
2022
Buildings
2
Stories
1
Units
4
Listing Agency:
TNT Real Estate
(956) 322-3020
Listed By:
Ramiro Olguin
(956) 578-1947
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:12PM
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 TNT Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2022, this 4,032-square-foot quadplex contains four residences, each with a three-bedroom, two-bathroom configuration. The units have living areas with natural light and contemporary interior finishes. Covered parking serves the property, and a private walkway connects the buildings.
Key Highlights
- Four residences, each with 3 bedrooms and 2 bathrooms
- 4,032 square feet
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
7.35%
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 7.35%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 6.76%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 44.29%
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
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has three bedrooms, two bathrooms, and covered parking.
Where is this quadplex located?
The property is located at 913 N Maryland Street Mission, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Four residences, each with 3 bedrooms and 2 bathrooms; 4,032 square feet; Built in 2022
