MULTIFAMILYRADAR
This property is no longer available. Similar buildings are listed below.
12-Unit Multifamily in Mission, TX, photo 1
Stabilized
$975,000

12-Unit Multifamily in Mission, TX

TX · listed May 7, 2026 (174 days)

Price per unit compared
This property$81K
Within ~40 mi (157)$86K
Texas median (1,029)$100K
$/unit
$81,250
▼ 19% vs TX · 32nd pct
Cap rate
—
 
Gross yield
—
 
Units
12
2 bldg · 2003

Financials

Asking price
$975,000
Price per unit
$81,250
Price per sq ft
$116
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
12
Unit mix
Not stated
Buildings
2
Year built
2003
Building size
8,391 sq ft
Avg unit size
699 sq ft
Lot size
1.01 acres
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
May 7, 2026
Days on market
174 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1641

About this property

Prime investment opportunity in the growing Mission area of the Rio Grande Valley! This 12-unit apartment complex sits on a spacious 1-acre corner lot at La Homa Rd and Coby Dr, featuring two well-maintained six-unit buildings. With consistently high occupancy and minimal tenant turnover, this property offers stable, reliable cash flow from day one. Located in a high-demand area experiencing rapid growth and increased developer interest, this asset is well-positioned for future appreciation. Its strong rental performance, strategic location, and upside potential make it an excellent addition to any portfolio—ideal for both new and seasoned investors seeking long-term value and income stability.

Multifamily | 12 Units

Location

Approximate area. The exact address is shared on request.

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