Alamo Fourplex Investment
428 Acacia Street, Alamo, TX 78516
- Added:
- Apr 10, 2026
- Days on Market:
- 50
- Last Refresh:
- May 29 at 9:06 pm
Property Features for 428 Acacia Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- T628000000000700
- Size
- 4,172 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2029
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- 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 Apr 10, 2026
MLS# 501340
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.
HighLights
- Immediate cash flow opportunity for investors.
- Four spacious 3‑bedroom, 2‑bathroom units.
- Modern finishes and open concept design.
- Appliances and blinds included in each unit.
- Convenient location near Bus 83 and the expressway.
- New construction, built in 2025.
Overview
This well-maintained fourplex is located on Tower Rd in the Tower Pointe subdivision. Each of the four units features a 3-bedroom, 2-bathroom layout with an open concept design and modern finishes. Appliances and blinds are included. The property offers easy access to schools, shopping, dining, and everyday conveniences, and is located minutes from Bus 83 and the expressway. The property size is 4172 square feet and the lot size is 0.2467 acres. This property is an opportunity for immediate cash flow.
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 | $58.6k | $14.04 |
| − Vacancy | −$6.5k | −$1.55 |
| EGI | $52.1k | $12.49 |
| − OpEx | −$15.6k | −$3.75 |
| NOI | $36.5k | $8.74 |
4,172 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$521.2K
$456.1K – $608.1K
NOI $36,484 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$479.9K
$419.9K – $559.9K
NOI $33,591 @ 7.0% cap · market cap 6.65%
Theoretical Best
Hotel Hospitality
$3.14M
$2.75M – $3.67M
NOI $219,969 @ 7.0% cap · market cap 43.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- Alamo
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.108828
- Latitude
- 26.183877
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex in Alamo, TX, ideal for investors.
Where is this quadplex located?
The property is located at 428 Acacia Street Alamo, TX.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Immediate cash flow opportunity for investors.; Four spacious 3‑bedroom, 2‑bathroom units.; Modern finishes and open concept design.
