Four-Unit Multifamily
1005 W Kohala Avenue, Alton, TX 78573
For Sale
New
$515,000
A 2023-built residential income property offers two- and three-bedroom layouts with open kitchen and living areas.
Property Size3,976 SF
Price / SF$129.53
Days on Market4
Property Features for 1005 W Kohala Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Dryer
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Texas Premier Realty
(210) 844-8683
Listed By:
Monica Gonzalez
(956) 321-8419
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 6:02PM
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 Texas Premier Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2023, this four-unit residential property contains 3,976 square feet. Units are configured with either two or three bedrooms and two bathrooms, with kitchens opening to the living areas.
The property is located at 1005 W Kohala Avenue in Alton, Texas. Its four-unit configuration and range of bedroom layouts are consistent across the property’s residential income use.
The property is located at 1005 W Kohala Avenue in Alton, Texas. Its four-unit configuration and range of bedroom layouts are consistent across the property’s residential income use.
Key Highlights
- Four units in a 3,976‑square‑foot property
- Units offer either two or three bedrooms and two bathrooms
- 2023 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,770
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,400
$695.4K
Cap Rate 7%
$496,714
$496.7K
Cap Rate 9%
$386,333
$386.3K
Market Conditions
NOI Build-Up for 3,976 SF
Gross rent
$55.8K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$49.7K $12.49/SF
− OpEx
−$14.9K −$3.75/SF
NOI
$34.8K $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%
$695,400
Cap Rate 7%
$496,714
Cap Rate 9%
$386,333
Alternative Uses
Best Use
Multifamily LT 5
$496.7K
$434.6K – $579.5K
NOI $34,770 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$457.3K
$400.2K – $533.6K
NOI $32,013 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,905 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
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 - A 2023-built residential income property offers two- and three-bedroom layouts with open kitchen and living areas.
Where is this quadplex located?
The property is located at 1005 W Kohala Avenue Alton, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Four units in a 3,976‑square‑foot property; Units offer either two or three bedrooms and two bathrooms; 2023 construction
