Four-Unit Gated
1004 W Mahala Avenue, Alton, TX 78573
For Sale
New
$475,000
Every residence is leased and includes appliances, tile flooring, and quartz countertops.
Property Size3,416 SF
Price / SF$139.05
Days on Market1
Property Features for 1004 W Mahala Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
gated community
Ceiling Fan(s)
Microwave
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License #TREC#0530155
(956) 821-9990
Source:
Culturare
Added: Nov 6
Last Checked: Nov 6 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty RGV
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2022, this 3,416-square-foot quadplex contains four residences within a gated community. Each unit has tile flooring throughout, quartz countertops, and appliances. All four units are leased. The property is located on W Mahala Avenue in Alton, Texas.
Key Highlights
- Four units, all leased
- 3,416 square feet; built in 2022
- Gated community setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,873
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,460
$597.5K
Cap Rate 7%
$426,757
$426.8K
Cap Rate 9%
$331,922
$331.9K
Market Conditions
NOI Build-Up for 3,416 SF
Gross rent
$48.0K $14.04/SF
− Vacancy
−$5.3K −$1.55/SF
EGI
$42.7K $12.49/SF
− OpEx
−$12.8K −$3.75/SF
NOI
$29.9K $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 Rate 5%
$597,460
Cap Rate 7%
$426,757
Cap Rate 9%
$331,922
Alternative Uses
Best Use
Multifamily LT 5
$426.8K
$373.4K – $497.9K
NOI $29,873 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$392.9K
$343.8K – $458.4K
NOI $27,504 @ 7.0% cap · market cap 5.79%
Theoretical Best
Hotel Hospitality
$2.57M
$2.25M – $3.00M
NOI $180,109 @ 7.0% cap · market cap 37.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
822
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
$154,800
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Alton, TX
Properties on Market for Quadplexes in Alton
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Every residence is leased and includes appliances, tile flooring, and quartz countertops.
Where is this quadplex located?
The property is located at 1004 W Mahala Avenue Alton, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four units, all leased; 3,416 square feet; built in 2022; Gated community setting
