Fully Leased 4-Plex
112 N Linares Street Alton, TX 78573
For Sale
$389,000
MULTI_FAMILY - Alton, TX
Property Size3,868 SF
Lot Size0.17 Acres
Price / SF$100.57
Days on Market37
Property Features for 112 N Linares Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport
- Appliances
- Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth
- Standard status
- Active
- APN
- P215500000002900
- Size
- 3,868 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8259
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2009
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Siding
- Roof type
- Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License #0530155
(956) 821-9990
Added: Jun 18
Last Checked: Jul 24 at 8:06AM
MLS# 506759
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 property is a fully leased 4-plex offering four separate residential units. Each unit features a 3-bedroom, 2-bath layout and includes a refrigerator and stove. The asset is presented as well-maintained with stable tenancy in place, supporting a turn-key approach for an owner seeking ready-to-operate rental housing.
Located at 112 N Linares Street in Alton, Texas (Hidalgo County), the property is positioned for convenient everyday access. Public remarks note proximity to shopping, dining, and major roadways, which can be helpful for tenant convenience and long-term livability.
For investors or buyers looking for a multi-unit residential asset, this 4-plex configuration provides multiple independent units within one ownership structure. With the building described as fully leased and equipped with included appliances, it may appeal to purchasers who want to minimize downtime and move forward with existing household occupancy. The compact lot size and defined property footprint support straightforward management as a small rental portfolio asset.
Located at 112 N Linares Street in Alton, Texas (Hidalgo County), the property is positioned for convenient everyday access. Public remarks note proximity to shopping, dining, and major roadways, which can be helpful for tenant convenience and long-term livability.
For investors or buyers looking for a multi-unit residential asset, this 4-plex configuration provides multiple independent units within one ownership structure. With the building described as fully leased and equipped with included appliances, it may appeal to purchasers who want to minimize downtime and move forward with existing household occupancy. The compact lot size and defined property footprint support straightforward management as a small rental portfolio asset.
Key Highlights
- Fully leased 4‑plex with immediate income‑producing potential
- Each unit offers 3 bedrooms and 2 baths
- Year built 2009
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 | $54.3k | $14.04 |
| − Vacancy | −$6.0k | −$1.55 |
| EGI | $48.3k | $12.49 |
| − OpEx | −$14.5k | −$3.75 |
| NOI | $33.8k | $8.74 |
3,868 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$483.2K
$422.8K – $563.8K
NOI $33,825 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$444.9K
$389.3K – $519.1K
NOI $31,143 @ 7.0% cap · market cap 8.01%
Theoretical Best
Hotel Hospitality
$2.91M
$2.55M – $3.40M
NOI $203,940 @ 7.0% cap · market cap 52.43%
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, 3-bedroom/2-bath units are fully leased with stoves and refrigerators included for a turnkey rental purchase.
Where is this quadplex located?
The property is located at 112 N Linares Street Alton, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Fully leased 4‑plex with immediate income‑producing potential; Each unit offers 3 bedrooms and 2 baths; Year built 2009
