Fully Occupied Fourplex with
For Sale
$419,000
114 Montemorelos Street, Alton, TX 78573
MULTI_FAMILY - Alton, TX
Property Size3,818 SF
Lot Size0.33 Acres
Price / SF$109.74
Days on Market100
Property Features for 114 Montemorelos Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Patio and Porch features
Patio
Appliances
Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth
Subdivision
Palmasola
Lot features
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 West on 5 Mile Line, pass Stewart and you will see PalmaSola Subdivision on North side. Drive in to Linares and take a quick left on Palmasola to Montemorelos. Building will be on the corner of Palmasola and Montemorelos.
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
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
in-unit washer and dryer
Building Details
Year built
2016
Floors in Building
2
Number of units
4
Building materials
Siding, Wood Siding
Roof type
Composition
Listing Agency:
Dolce Vita Realty
(956) 322-8478
Listed By:
Olga L Arriaga
(956) 827-5025
Added: Apr 28
Changed: Jul 31
Last Checked: Aug 5 at 9:06PM
MLS# 498659
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 fully occupied fourplex in PalmaSola offers four separate units with three bedrooms and two bathrooms each. The property features a patio, central electric heating, and central air with electric cooling. Interiors include in-unit appliances, with listings for an electric water heater, refrigerator, and electric smooth-top stove/range.
The fourplex sits on a 0.3301-acre corner lot and was built in 2016. The building is 3,818 square feet and uses siding construction with a composition roof. Public water serves the property.
Located in Alton, the property is positioned for access to the McAllen, Mission, Palmhurst, and Edinburg area, making it a practical option for investors seeking a stabilized, residential income asset.
The fourplex sits on a 0.3301-acre corner lot and was built in 2016. The building is 3,818 square feet and uses siding construction with a composition roof. Public water serves the property.
Located in Alton, the property is positioned for access to the McAllen, Mission, Palmhurst, and Edinburg area, making it a practical option for investors seeking a stabilized, residential income asset.
Key Highlights
- Fully occupied fourplex with four units
- Each unit offers 3 bedrooms and 2 bathrooms
- 3,818 SF fourplex built in 2016
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 |
3,818 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$477.0K
$417.4K – $556.5K
NOI $33,388 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$439.2K
$384.3K – $512.4K
NOI $30,741 @ 7.0% cap · market cap 7.34%
Theoretical Best
Hotel Hospitality
$2.88M
$2.52M – $3.36M
NOI $201,304 @ 7.0% cap · market cap 48.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
822
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 - Fourplex in Alton on a corner lot, fully occupied with four 3-bed/2-bath units and patios.
Where is this quadplex located?
The property is located at 114 Montemorelos Street Alton, TX.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Fully occupied fourplex with four units; Each unit offers 3 bedrooms and 2 bathrooms; 3,818 SF fourplex built in 2016
