Back to Search
Alton Multifamily Property For Sale

1012 W LA POINTE AVE Alton, TX 78573

Claim this Listing
For Sale
$450,000

MULTI_FAMILY - ALTON, TX

Property size:
4,032 SF
Lot size:
0.25 Acres
Price / SF:
$111.61/SF
Added:
Mar 26, 2026
Days on Market:
111
Last Refresh:
Jul 14 at 10:06 am

Property Features for 1012 W LA POINTE AVE

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Interior features
Ceiling Fan(s), Smoke Alarm(s)
Fencing
Privacy
Appliances
Dryer, Range, Refrigerator, Washer
Standard status
Active
Size
4,032 SF
Lot size
0.25 Acres

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public

Building Details

Year built
2022
Floors in Building
1
Number of units
4
Flooring type
Tile

Listing agent ZINTIHA LOYA

Listing office KELLER WILLIAMS LRGV 1313 E Washington Ave, Harlingen, TX

Listing date Mar 26, 2026

MLS# 29775168 Listing URL

Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. 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 multifamily property is located in Alton, Texas, and features new apartments for sale in the Alton/Mission area. The property offers a potential monthly income of $4,350. The interior design includes an open space concept, contemporary tile, granite countertops, modern lighting features, and custom cabinets in the kitchen. Each apartment is equipped with ceiling fans in the living room and bedrooms, mini blinds, and vanities. Stainless steel kitchen appliances, including a refrigerator and stove, are included, along with a stack washer and dryer. Each apartment has 3 bedrooms and 2 baths, plus carport space for 2 vehicles. The property includes a fenced-in backyard. The lot size is 0.25 acres with a property size of 4,032 square feet. A monthly HOA fee is required to maintain the gate and entrance.

Key Highlights

  • $4,350 Monthly Income (investment property)
  • New Construction (built in 2022)
  • 3 Bedrooms, 2 Baths

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $56.6k $14.04
− Vacancy −$6.2k −$1.55
EGI $50.4k $12.49
− OpEx −$15.1k −$3.75
NOI $35.3k $8.74
4,032 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K (±1% cap)
NOI $35,260 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K (±1% cap)
NOI $32,464 @ 7.0% cap · market cap 7.21%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M (±1% cap)
NOI $212,587 @ 7.0% cap · market cap 47.24%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

FAQs

What type of property is this?
Quadplex - New apartments with monthly income potential in Alton, Texas.
Where is this quadplex located?
The property is located at 1012 W LA POINTE AVE Alton, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: $4,350 Monthly Income (investment property); New Construction (built in 2022); **3 Bedrooms, 2 Baths**
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message