Triplex with Newer
For Sale
$279,000
995 Washington Ave, Mission, TX 78574
Three connected residences provide a straightforward multifamily configuration with shared laundry and backyard patio space.
Property Size2,465 SF
Price / SF$113.18
Days on Market67
Property Features for 995 Washington Ave
General Information
Standard status
Active
Size
2,465 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,503
Amenities
backyard patio
laundry room
Building Details
Buildings
1
Listing Agency:
Red Door Real Estate Services
(956) 683-1975
Listed By:
Sandra S. Saenz
(956) 655-9601
Source:
Exprealty
Added: Aug 10
Changed: Oct 2
Last Checked: Oct 15 at 12:08AM
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 Red Door Real Estate Services
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Investment Insights
Based on property information with market context.
This 2,465-square-foot triplex consists of three connected units within one building, with each residence offering two bedrooms and one bathroom. The property also includes a laundry room, backyard patio, and a newer roof, providing practical features for a multifamily operation.
Located at 995 Washington Ave in Mission, the property is near shops, schools, and restaurants. Its three-unit layout and shared building configuration offer a compact residential income asset with established on-site amenities.
Located at 995 Washington Ave in Mission, the property is near shops, schools, and restaurants. Its three-unit layout and shared building configuration offer a compact residential income asset with established on-site amenities.
Key Highlights
- Three connected 2‑bedroom, 1‑bath units in one building
- 2,465 SF triplex
- Newer roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,556
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,120
$431.1K
Cap Rate 7%
$307,943
$307.9K
Cap Rate 9%
$239,511
$239.5K
Market Conditions
NOI Build-Up for 2,465 SF
Gross rent
$34.6K $14.04/SF
− Vacancy
−$3.8K −$1.55/SF
EGI
$30.8K $12.49/SF
− OpEx
−$9.2K −$3.75/SF
NOI
$21.6K $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%
$431,120
Cap Rate 7%
$307,943
Cap Rate 9%
$239,511
Alternative Uses
Best Use
Multifamily LT 5
$307.9K
$269.5K – $359.3K
NOI $21,556 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$283.5K
$248.1K – $330.8K
NOI $19,847 @ 7.0% cap · market cap 7.11%
Theoretical Best
Hotel Hospitality
$1.86M
$1.62M – $2.17M
NOI $129,967 @ 7.0% cap · market cap 46.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three connected residences provide a straightforward multifamily configuration with shared laundry and backyard patio space.
Where is this triplex located?
The property is located at 995 Washington Ave Mission, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Three connected 2‑bedroom, 1‑bath units in one building; 2,465 SF triplex; Newer roof
