Four-Unit
For Sale
$389,000
112 N Linares Street, Alton, TX 78573
Residential Income, Alton, TX
Property Size3,868 SF
Lot Size0.17 Acres
Price / SF$100.57
Days on Market83
Property Features for 112 N Linares Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Appliances
Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth
Subdivision
Palmasola
Lot features
Curb & Gutters, Sidewalks
Elementary school
Midkiff
Middle school
Cantu
High school
Veterans Memorial H.S.
Elementary school district
Mission ISD
Middle school district
Mission ISD
High school district
Mission ISD
Directions
Head north on conway then turn right onto mile 5 or east main street in Alton,then turn left or North onto N. Linares Street.
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
Amenities
refrigerator and stove
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
Changed: Sep 4
Last Checked: Sep 8 at 11:06AM
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.
Built in 2009, this four-unit multifamily property contains 3,868 square feet on a 0.1662-acre lot. Each residence offers three bedrooms and two bathrooms, with a refrigerator and electric smooth-top stove/range included. The property is fully leased and has stable tenancy in place.
Improvements include siding construction, a composition roof, electric heating, electric cooling, and an electric water heater. Public water serves the property. Located at 112 N Linares Street in Alton, the quadplex is near shopping, dining, and major roadways. The property does not include designated parking features.
Improvements include siding construction, a composition roof, electric heating, electric cooling, and an electric water heater. Public water serves the property. Located at 112 N Linares Street in Alton, the quadplex is near shopping, dining, and major roadways. The property does not include designated parking features.
Key Highlights
- Four‑unit property with 3,868 square feet of building area
- Each unit includes 3 bedrooms and 2 baths
- Fully leased with stable tenancy in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,825
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$676,500
$676.5K
Cap Rate 7%
$483,214
$483.2K
Cap Rate 9%
$375,833
$375.8K
Market Conditions
NOI Build-Up for 3,868 SF
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.
Gross rent
$54.3K $14.04/SF
− Vacancy
−$6.0K −$1.55/SF
EGI
$48.3K $12.49/SF
− OpEx
−$14.5K −$3.75/SF
NOI
$33.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$676,500
Cap Rate 7%
$483,214
Cap Rate 9%
$375,833
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
140
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased multifamily property with three-bedroom units, electric appliances, and established occupancy near shopping and major roads.
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: Four‑unit property with 3,868 square feet of building area; Each unit includes 3 bedrooms and 2 baths; Fully leased with stable tenancy in place
