2509 E Israel Avenue Alton, TX 78572
MULTI_FAMILY - Alton, TX
- Added:
- Jul 13, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 14 at 4:06 am
Property Features for 2509 E Israel Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 8
- Parking features
- None
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Smooth Electric Cooktop, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- S706500000000200
- Size
- 4,319 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3374
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
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 Jul 13, 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.
Investment Insights
Based on property information with market context.
Located at 2509 E Israel Avenue in Alton, Texas (Hidalgo County), the property sits on a 0.26-acre lot and includes approximately 4,319 square feet of total building area.
For buyers seeking an income-producing multi-family asset, this configuration provides four separate rental units with in-unit appliances and maintained occupancy at the time of listing.
Key Highlights
- Under construction 4‑plex built in 2025 with four units
- Each unit offers 3 bedrooms and 2 bathrooms
- Full appliance package included in every unit: refrigerator with ice maker, stove, microwave, washer, and dryer
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 | $60.6k | $14.04 |
| − Vacancy | −$6.7k | −$1.55 |
| EGI | $54.0k | $12.49 |
| − OpEx | −$16.2k | −$3.75 |
| NOI | $37.8k | $8.74 |
