Mission Fourplex Investment
For Sale
$449,000
913 West Mahala Avenue, Mission, TX 78573
Well-maintained fourplex in Mission, TX with income potential.
Property Size3,720 SF
Price / SF$120.70
Days on Market196
Property Features for 913 West Mahala Avenue
General Information
Standard status
Active
Size
3,720 SF
Property subtype
Residential Income / Quadruplex
Taxes and HOA fees
Annual Taxes
$11,383
Amenities
Central Air
Central, Yes
Tile
Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth
Yes
Laundry Closet, Washer/Dryer Connection
Ceiling Fan(s)
Slab
No
Shingle
Wood
Outbuilding (None)
Other
2
Property Owners' Assoc.
Brick
Building Details
Year Built
2023
Listing Agency:
Exp Realty Llc
(956) 215-0604
Listed By:
Deyanira (Deya) G Cazares
(956) 215-0604
Source:
Compass
Added: Feb 13
Changed: Aug 27
Last Checked: Aug 26 at 1:40PM
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 Exp Realty Llc
Investment Insights
Based on property information with market context.
Located in Mission, this fourplex at 913 Mahala Ave presents an investment opportunity. The property contains four units, each featuring 2 bedrooms and 2 full bathrooms. Each unit includes a laundry closet, refrigerator, and stove. The units offer living areas and layouts. The property is located near schools, shopping, dining, and major roadways. Three of the four units are currently occupied. The property size is 3720 square feet.
Key Highlights
- Strong income‑producing fourplex with 3 of 4 units currently occupied
- Each unit features 2 bedrooms and 2 full bathrooms
- Includes in‑unit laundry closet, refrigerator, and stove
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
190
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex in Mission, TX with income potential.
Where is this quadplex located?
The property is located at 913 West 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: Strong income‑producing fourplex with 3 of 4 units currently occupied; Each unit features 2 bedrooms and 2 full bathrooms; Includes in‑unit laundry closet, refrigerator, and stove
