Brick Duplex with Covered
For Sale
$190,000
619 W Oak Street, Alton, TX 78573
Residential Income, Alton, TX
Property Size1,785 SF
Lot Size0.18 Acres
Price / SF$106.44
Days on Market127
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
Chain Link, Gate
Appliances
Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
Subdivision
Nuevo Alton
Lot features
Alley
Elementary school
Alton
Middle school
Cantu
High school
Mission H.S.
Elementary school district
Mission ISD
Middle school district
Mission ISD
High school district
Mission ISD
Directions
Type in the GPS 619 N Oak St. Alton, TX 78573. It will not appear as West, but the legal description is showing as west.
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
Amenities
appliances included
fenced yard
alley access
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
Changed: Sep 5
Last Checked: Sep 9 at 3:06AM
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 2005 brick duplex contains 1,785 square feet across two residential units, each with approximately 900 square feet, two bedrooms, and one bathroom. Both units are currently leased. Each residence includes a refrigerator, electric coil range, central heating, central air, and patio access. The property also features a shingle roof and a manual gate within its chain-link fencing.
Covered parking accommodates two vehicles per unit, and an alley provides additional access. The 0.1837-acre parcel is located in Alton, Hidalgo County, near restaurants and other establishments. The duplex offers a straightforward two-unit configuration with established occupancy and separate residential living areas.
Covered parking accommodates two vehicles per unit, and an alley provides additional access. The 0.1837-acre parcel is located in Alton, Hidalgo County, near restaurants and other establishments. The duplex offers a straightforward two-unit configuration with established occupancy and separate residential living areas.
Key Highlights
- Two‑unit duplex with 1,785 square feet
- Both units currently leased
- Each unit has 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,610
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$312,200
$312.2K
Cap Rate 7%
$223,000
$223.0K
Cap Rate 9%
$173,444
$173.4K
Market Conditions
NOI Build-Up for 1,785 SF
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.
Gross rent
$25.1K $14.04/SF
− Vacancy
−$2.8K −$1.55/SF
EGI
$22.3K $12.49/SF
− OpEx
−$6.7K −$3.75/SF
NOI
$15.6K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$312,200
Cap Rate 7%
$223,000
Cap Rate 9%
$173,444
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residential units offer separate living spaces, appliances, covered parking, and fenced outdoor areas.
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: Two‑unit duplex with 1,785 square feet; Both units currently leased; Each unit has 2 bedrooms and 1 bath
