114 Montemorelos Street, Alton, TX 78573
- Added:
- Apr 28, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 18 at 2:06 am
Property Features for 114 Montemorelos Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage
- Patio and Porch features
- Patio
- Appliances
- Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth
- Standard status
- Active
- APN
- P215500000001500
- Size
- 3,818 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7698
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2016
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Siding, Wood Siding
- Roof type
- Composition
Listing agent Olga L Arriaga (956) 827-5025
Listing office Dolce Vita Realty 912 Sycamore Ave., McAllen, TX (956) 322-8478
Listing date Apr 28, 2026
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 occupied fourplex providing immediate cash flow.
- Each unit features 3 bedrooms and 2 bathrooms with in‑unit washer and dryer.
- Strategically located near McAllen, Mission, Palmhurst, and Edinburg.
- Energy‑efficient construction (built in 2016) with central electric heating and cooling.
- Each unit has 2 dedicated parking spaces.
- Sits on a generous 0.33‑acre corner lot.
Overview
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 | $53.6k | $14.04 |
| − Vacancy | −$5.9k | −$1.55 |
| EGI | $47.7k | $12.49 |
| − OpEx | −$14.3k | −$3.75 |
| NOI | $33.4k | $8.74 |
Alternative Uses
Current Use by Public Records
Map
- City
- Alton
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.292869
- Latitude
- 26.285047
