Fourplex with Two-Bedroom
For Sale
$449,000
913 W Mahala Avenue, Mission, TX 78573
Residential Income, Mission, TX
Property Size3,720 SF
Lot Size0.21 Acres
Price / SF$120.70
Days on Market135
Property Features for 913 W Mahala Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Other
Appliances
Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth
Subdivision
Sunset Valley Apartments Ph. 2
Lot features
Curb & Gutters, Sidewalks
Elementary school
Cantu
Middle school
Alton-Memorial Junior High
High school
Mission H.S.
Elementary school district
Mission ISD
Middle school district
Mission ISD
High school district
Mission ISD
Directions
From Expressway 83 (I-2), exit on Shary Rd and head south. Continue on Shary Rd, then turn right onto W Griffin Pkwy. Turn left onto N Los Ebanos Rd, then right onto Mahala Ave. Property will be on the right at 913 Mahala Ave in Mission.
Standard status
Active
APN
S765702000008300
Size
3,720 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11383
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
eXp Realty LLC
Listed By:
Tony King
(888) 519-7431
Added: May 22
Changed: Sep 5
Last Checked: Oct 3 at 6:06PM
MLS# 504944
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.
Investment Insights
Based on property information with market context.
This 3,720-square-foot quadplex contains four two-bedroom, two-bathroom units, with three units currently occupied. Individual residences include laundry closets, refrigerators, and electric smooth-top stove/ranges. The property was built in 2023 with brick construction, shingle roofing, central heating, central air, and public water service.
Located at 913 W Mahala Avenue in Mission, the property is near schools, shopping, dining, and major roadways. The 0.2111-acre site combines a compact footprint with a four-unit residential configuration. The layout includes practical living areas and apartment-level appliance and laundry features.
Located at 913 W Mahala Avenue in Mission, the property is near schools, shopping, dining, and major roadways. The 0.2111-acre site combines a compact footprint with a four-unit residential configuration. The layout includes practical living areas and apartment-level appliance and laundry features.
Key Highlights
- Four‑unit quadplex with 3,720 square feet of property size
- Three of four units currently occupied
- Each unit has 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,531
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$650,620
$650.6K
Cap Rate 7%
$464,729
$464.7K
Cap Rate 9%
$361,456
$361.5K
Market Conditions
NOI Build-Up for 3,720 SF
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.
Gross rent
$52.2K $14.04/SF
− Vacancy
−$5.8K −$1.55/SF
EGI
$46.5K $12.49/SF
− OpEx
−$13.9K −$3.75/SF
NOI
$32.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$650,620
Cap Rate 7%
$464,729
Cap Rate 9%
$361,456
Alternative Uses
Best Use
Multifamily LT 5
$464.7K
$406.6K – $542.2K
NOI $32,531 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$427.9K
$374.4K – $499.2K
NOI $29,951 @ 7.0% cap · market cap 6.67%
Theoretical Best
Hotel Hospitality
$2.80M
$2.45M – $3.27M
NOI $196,137 @ 7.0% cap · market cap 43.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
177
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes two full bathrooms, a laundry closet, and kitchen appliances.
Where is this quadplex located?
The property is located at 913 W Mahala Avenue Mission, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,720 square feet of property size; Three of four units currently occupied; Each unit has 2 bedrooms and 2 full bathrooms
