1503 W St Francis Avenue, Alton, TX 78573
MULTI_FAMILY - Alton, TX
- Added:
- Mar 31, 2026
- Days on Market:
- 73
- Last Refresh:
- Jun 11 at 8:06 am
Property Features for 1503 W St Francis Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Garage
- 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 agent Jaime Lee Gonzalez (956) 599-8400
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Mar 31, 2026
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.
HighLights
- 14‑unit apartment complex offering a substantial investment opportunity.
- Each unit has a desirable 2‑bedroom, 2‑bathroom layout.
- Built in 2024, indicating modern construction.
- Located on a large 0.83‑acre corner lot.
- Conveniently located near schools, restaurants, and shopping centers.
- Includes carport and garage parking.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Map
- City
- Alton
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.332408
- Latitude
- 26.2754
