Alton Multifamily Investment
1503 W St Francis Avenue Alton, TX 78573
For Sale
$1,325,000
MULTI_FAMILY - Alton, TX
Property Size12,896 SF
Lot Size0.83 Acres
Price / SF$102.75
Days on Market119
Property Features for 1503 W St Francis Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Appliances
Electric Water Heater, Refrigerator, Stove/Range
Standard status
Active
APN
T09451200C00C100
Size
12,896 SF
Lot size
0.83 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20658
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
2
Number of units
14
Building materials
Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Mar 31
Changed: Jul 24
Last Checked: Jul 27 at 10:06PM
MLS# 476577
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 multifamily property in Alton, Texas, presents an investment opportunity with a 14-unit apartment complex. Situated on a 0.83-acre corner lot at Mile 4 and Los Ebanos Rd, the property offers a convenient location near schools, restaurants, and shopping centers. Each unit features a 2-bedroom, 2-bathroom layout. The property size totals 12896 square feet.
Key Highlights
- 14‑unit apartment complex built in 2024
- 2‑bed, 2‑bath layout in each unit
- Set on a 0.83‑acre corner lot
Financial Insights For Apartment 5plus
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 | $213.6k | $16.56 |
| − Vacancy | −$24.8k | −$1.92 |
| EGI | $188.8k | $14.64 |
| − OpEx | −$85.0k | −$6.59 |
| NOI | $103.8k | $8.05 |
12,896 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,832 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$9.71M
$8.50M – $11.33M
NOI $679,942 @ 7.0% cap · market cap 51.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - 14-unit apartment complex on 0.83 acres in Alton, TX.
Where is this apartment building located?
The property is located at 1503 W St Francis Avenue Alton, TX.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 14‑unit apartment complex built in 2024; 2‑bed, 2‑bath layout in each unit; Set on a 0.83‑acre corner lot
