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    Fully Leased 4-Plex Title is generated by Realmo AI

    112 N Linares Street, Alton, TX 78573

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    Claim this Listing
    New
    For Sale
    $389,000

    MULTI_FAMILY - Alton, TX

    Property size:
    3,868 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $100/SF
    Added:
    Jun 8, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 9 at 4:06 pm

    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

    We can help!

    Listing Contact
    Maggie Harris
    Maggie Harris

    Listing agent Maggie Harris License #0530155

    Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX

    Listing date Jun 8, 2026

    MLS# 506759 Listing URL

    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.

    HighLights

    • Fully leased 4‑plex with income‑producing occupancy
    • Built in 2009
    • Electric heating and electric cooling
    • Public water service
    • Composition roof and siding exterior
    • Carport parking

    Overview

    This offering is a fully leased four-plex residential income property. The units are described as well-maintained, with tenancy in place, supporting an owner who wants to begin operations without waiting for new occupancy. The property is situated on a small lot and is being offered for sale as a turnkey investment.

    The building is located at 112 N Linares Street in Alton, Texas (Hidalgo County). Public remarks note the property’s convenience to shopping, dining, and major roadways, which can be a practical advantage for both residents and day-to-day property management.

    For investors and buyers seeking a multi-family asset with existing occupancy, this 4-plex provides a straightforward setup: four separate units with renters already in place. The current leased status and reported maintenance of the units make it particularly relevant for an operator looking for a stable starting point, rather than a renovation or leasing-up scenario.

    Local 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 (±1% cap)
    NOI $33,825 @ 7.0% cap · market cap 8.70%
    Second Best
    Apartment 5plus
    $444.9K
    $389.3K – $519.1K (±1% cap)
    NOI $31,143 @ 7.0% cap · market cap 8.01%
    Theoretical Best
    Hotel Hospitality
    $2.91M
    $2.55M – $3.40M (±1% cap)
    NOI $203,940 @ 7.0% cap · market cap 52.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.291908
    Latitude
    26.284853

    FAQs

    What type of property is this?
    Quadplex - Turnkey four-unit income property with well-maintained, occupied units for immediate rental operations.
    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 income‑producing occupancy; Built in 2009; Electric heating and electric cooling
    More about this property
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