New Construction Fourplex Investment
For Sale
Contact for pricing
905 Hidden Hills Street, Mission, TX 78572
New construction fourplex with modern design and open-concept living.
Property Size4,210 SF
Price / SF$136.58
Days on Market828
Property Features for 905 Hidden Hills Street
General Information
Standard status
Active
Size
4,210 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2023
Buildings
2
Units
4
Listing Agency:
Keller Williams Realty RGV
Listed By:
Dendea Balli · License #TREC # 0598310
(956) 687-6278
Source:
Crexi
Added: Jul 24, 2024
Changed: Oct 26
Last Checked: Oct 28 at 7:29AM
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 Keller Williams Realty RGV
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This new construction fourplex presents an investment opportunity. The property features a modern design with open-concept living spaces, quartz counters, and tile flooring throughout. The property consists of two buildings, with a total of four units. Each building includes one 2-bedroom, 2-bathroom unit measuring 939 square feet and one 3-bedroom, 2-bathroom unit measuring 1,181 square feet. The total property size is 4,210 square feet.
Key Highlights
- Brand‑new construction (2023)
- Fourplex with two buildings and four units total
- Modern design with open‑concept living
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,816
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,320
$736.3K
Cap Rate 7%
$525,943
$525.9K
Cap Rate 9%
$409,067
$409.1K
Market Conditions
NOI Build-Up for 4,210 SF
Gross rent
$59.1K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.6K $12.49/SF
− OpEx
−$15.8K −$3.75/SF
NOI
$36.8K $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%
$736,320
Cap Rate 7%
$525,943
Cap Rate 9%
$409,067
Alternative Uses
Best Use
Multifamily LT 5
$525.9K
$460.2K – $613.6K
NOI $36,816 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$484.2K
$423.7K – $565.0K
NOI $33,897 @ 7.0% cap · market cap 5.90%
Theoretical Best
Hotel Hospitality
$3.17M
$2.77M – $3.70M
NOI $221,972 @ 7.0% cap · market cap 38.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - New construction fourplex with modern design and open-concept living.
Where is this quadplex located?
The property is located at 905 Hidden Hills Street Mission, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Brand‑new construction (2023); Fourplex with two buildings and four units total; Modern design with open‑concept living
