Fourplex with Two-Bath
1005 W Kohala Avenue Alton, TX 78573
New
For Sale
$515,000
MULTI_FAMILY - Alton, TX
Property Size3,976 SF
Lot Size0.25 Acres
Price / SF$129.53
Days on Market2
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
- 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
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
Last Checked: Jul 23 at 9:06PM
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.
Investment Insights
Based on property information with market context.
This four-plex offers multiple residential units with generous layouts, including either two or three bedrooms and two bathrooms per unit. Each unit is described as featuring an open design kitchen and living area, supporting an easy, functional flow through the main living spaces. The property is also noted to include energy-efficient features.
Located at 1005 W Kohala Avenue in Alton, Texas, the asset is presented as a residential income property for sale in Hidalgo County.
The property totals 3,976 square feet and sits on a 0.2511-acre lot, providing a straightforward small multifamily configuration for investors or owner-occupants looking to generate rental income.
Located at 1005 W Kohala Avenue in Alton, Texas, the asset is presented as a residential income property for sale in Hidalgo County.
The property totals 3,976 square feet and sits on a 0.2511-acre lot, providing a straightforward small multifamily configuration for investors or owner-occupants looking to generate rental income.
Key Highlights
- Four‑plex built in 2023 with brick construction
- Each unit features an open kitchen and living area
- Units offer either 2 or 3 bedrooms and 2 bathrooms
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 | $55.8k | $14.04 |
| − Vacancy | −$6.2k | −$1.55 |
| EGI | $49.7k | $12.49 |
| − OpEx | −$14.9k | −$3.75 |
| NOI | $34.8k | $8.74 |
3,976 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
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 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?
Quadplex - Four-plex in Alton offers units with open kitchen and living areas, each featuring two bathrooms and two or three bedrooms.
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‑plex built in 2023 with brick construction; Each unit features an open kitchen and living area; Units offer either 2 or 3 bedrooms and 2 bathrooms
