Alton Duplex Investment
619 W Oak Street Alton, TX 78573
For Sale
$190,000
MULTI_FAMILY - Alton, TX
Property Size1,785 SF
Lot Size0.18 Acres
Price / SF$106.44
Days on Market81
Property Features for 619 W Oak Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Patio and Porch features
- Patio
- Exterior features
- Manual Gate
- Fencing
- Gate, Chain Link
- Appliances
- Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
- Standard status
- Active
- APN
- N860000005003800
- Size
- 1,785 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6100
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Roldan Castro
(956) 529-0106
Added: May 6
Last Checked: Jul 25 at 7:06AM
MLS# 503587
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 duplex presents an investment opportunity in the heart of Alton, Texas, near Conway and various restaurants and establishments. Each of the two units features 2 bedrooms and 1 bath, with all appliances included. Both units are currently leased. The property, situated on a 0.1837-acre lot, offers the potential for expansion or the addition of other features due to its spacious yard. Each unit includes 2 covered parking spaces and access to an alley. Fencing provides privacy and security for the tenants. The duplex is constructed of brick, with each unit measuring approximately 900 square feet, contributing to a total property size of 1785 square feet.
Key Highlights
- Duplex featuring two 2‑bedroom, 1‑bath units, both currently leased for immediate income.
- Each unit includes all appliances, simplifying property management.
- Each unit has 2 covered parking spaces and alley access.
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 | $25.1k | $14.04 |
| − Vacancy | −$2.8k | −$1.55 |
| EGI | $22.3k | $12.49 |
| − OpEx | −$6.7k | −$3.75 |
| NOI | $15.6k | $8.74 |
1,785 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$223.0K
$195.1K – $260.2K
NOI $15,610 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$205.3K
$179.7K – $239.5K
NOI $14,372 @ 7.0% cap · market cap 7.56%
Theoretical Best
Hotel Hospitality
$1.34M
$1.18M – $1.57M
NOI $94,114 @ 7.0% cap · market cap 49.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Duplex in Alton, TX, near Conway, leased, expansion potential.
Where is this duplex located?
The property is located at 619 W Oak Street Alton, TX.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Duplex featuring two 2‑bedroom, 1‑bath units, both currently leased for immediate income.; Each unit includes all appliances, simplifying property management.; Each unit has 2 covered parking spaces and alley access.
