Custom Fourplex Income
1409 S Yankton Street Alton, TX 78573
1409 S Yankton Street, Alton, TX, 78573
$515,000
For Sale
$515,000
MULTI_FAMILY - Alton, TX
Property Size4,060 SF
Lot Size0.24 Acres
Price / SF$126.85
Days on Market10
Property Features for 1409 S Yankton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Patio and Porch features
- Patio
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Water Heater (Laundry Room), Dryer, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- S294500000003300
- Size
- 4,060 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10987
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 10
- Building materials
- Stucco
- Roof type
- Shingle
Listing Agency
BIG Realty
(956) 465-0011
4847 S Jackson Rd., Pharr, TX
Listed by
Omar Govea
(956) 929-2345
Added: Jul 7 Checked: Jul 16 at 10:06 pm
MLS# 508989
Listing URL
Copyright © 2026 Greater McAllen Association of Realtors. 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 custom-built fourplex contains four units designed for tenant comfort, with an open concept living and kitchen area and a complete appliance package in each unit. All units are fully fenced for added privacy. The three-bedroom, two-bath units also include oversized covered back patios that add outdoor living space. One unit is fully furnished and is currently operating as a short-term rental.
The property is located at 1409 S Yankton Street in Alton, Texas, on a 0.2447-acre lot. Nearby everyday amenities include schools, shopping, and restaurants, providing convenient access for residents and guests.
For investors or owners seeking a turnkey multifamily asset, this fourplex offers a mix of long-term leasing and short-term rental operation, with three fully leased units and one furnished unit currently in use. The apartment-style layouts, included appliances, fenced yards, and covered patios support a straightforward resident experience and help reduce friction for both long-term and short-term occupancy. Please contact the listing broker for details on unit availability and showings.
The property is located at 1409 S Yankton Street in Alton, Texas, on a 0.2447-acre lot. Nearby everyday amenities include schools, shopping, and restaurants, providing convenient access for residents and guests.
For investors or owners seeking a turnkey multifamily asset, this fourplex offers a mix of long-term leasing and short-term rental operation, with three fully leased units and one furnished unit currently in use. The apartment-style layouts, included appliances, fenced yards, and covered patios support a straightforward resident experience and help reduce friction for both long-term and short-term occupancy. Please contact the listing broker for details on unit availability and showings.
Key Highlights
- Custom‑built fourplex with Year Built 2024
- 3 units fully leased and 1 fully furnished unit operating as an Airbnb
- Each unit offers an appliance package with electric stove/range, washer, dryer, and electric water heater
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 | $57.0k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $50.7k | $12.49 |
| − OpEx | −$15.2k | −$3.75 |
| NOI | $35.5k | $8.74 |
4,060 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$507.2K
$443.8K – $591.8K
NOI $35,505 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$467.0K
$408.6K – $544.8K
NOI $32,689 @ 7.0% cap · market cap 6.35%
Theoretical Best
Hotel Hospitality
$3.06M
$2.68M – $3.57M
NOI $214,064 @ 7.0% cap · market cap 41.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Custom-built fourplex with three leased units plus one furnished short-term rental unit in Alton, TX.
Where is this quadplex located?
The property is located at 1409 S Yankton Street Alton, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Custom‑built fourplex with Year Built 2024; 3 units fully leased and 1 fully furnished unit operating as an Airbnb; Each unit offers an appliance package with electric stove/range, washer, dryer, and electric water heater
