Brick Quadplex with
For Sale
$515,000
1005 W Kohala Avenue, Alton, TX 78573
Residential Income, Alton, TX
Property Size3,976 SF
Lot Size0.25 Acres
Price / SF$129.53
Days on Market93
Property Features for 1005 W Kohala Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Parking features
Garage
Patio and Porch features
Patio
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Sunset Valley
Lot features
Curb & Gutters, Sidewalks
Elementary school
Cantu
Middle school
Alton-Memorial Junior High
High school
Mission H.S.
Elementary school district
Mission ISD
Middle school district
Mission ISD
High school district
Mission ISD
Directions
Driving WEST on 107, Turn South on Trosper, then turn WEST on Sunset Valley, turn SOUTH, keep driving straight and you will see property.
Standard status
Active
APN
S765702000007000
Size
3,976 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13719
HOA Fee
$550 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2023
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
Texas Premier Realty
(210) 844-8683
Listed By:
Monica Gonzalez
(956) 321-8419
Added: Jul 22
Changed: Oct 8
Last Checked: Oct 22 at 8:06AM
MLS# 510281
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.
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Investment Insights
Based on property information with market context.
Completed in 2023, this 3,976-square-foot quadplex contains four residential units with either two or three bedrooms and two bathrooms. The layouts connect open kitchens with living areas and include electric water heaters, refrigerators, stove/ranges, washers, and dryers. Central heating and central air serve the building, while brick construction and a shingle roof provide the primary exterior and roofing systems.
The property occupies 0.2511 acres and includes garage parking, patios, and privacy fencing. Its address is 1005 W Kohala Avenue in Alton, Texas 78573.
The property occupies 0.2511 acres and includes garage parking, patios, and privacy fencing. Its address is 1005 W Kohala Avenue in Alton, Texas 78573.
Key Highlights
- 3,976‑square‑foot quadplex completed in 2023
- Four units with two- or three‑bedroom layouts and two bathrooms
- Open kitchen and living‑area designs
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
Hotel Hospitality
$2.99M
$2.62M – $3.49M
NOI $209,635 @ 7.0% cap · market cap 40.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer two- and three-bedroom layouts with two bathrooms and open kitchen-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: 3,976‑square‑foot quadplex completed in 2023; Four units with two- or three‑bedroom layouts and two bathrooms; Open kitchen and living‑area designs
