PalmaSola Fourplex Investment
114 Montemorelos Street Alton, TX 78573
114 Montemorelos Street, Alton, TX, 78573
$419,000
For Sale
$419,000
MULTI_FAMILY - Alton, TX
Property Size3,818 SF
Lot Size0.33 Acres
Price / SF$109.74
Days on Market81
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 Agency
Dolce Vita Realty
(956) 322-8478
912 Sycamore Ave., McAllen, TX
Listed by
Olga L Arriaga
(956) 827-5025
Added: Apr 28 Checked: Jul 17 at 1:06 pm
MLS# 498659
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.
Investment Insights
Based on property information with market context.
This fully occupied fourplex in PalmaSola presents an investment opportunity. Each of the four units includes 3 bedrooms and 2 bathrooms, along with all appliances, including in-unit washers and dryers. The property is well-maintained and cash-flowing. Strategically located near McAllen, Mission, Palmhurst, and Edinburg, the property features spacious bedrooms, energy-efficient construction, and smart building orientation. Each unit has 2 dedicated parking spaces. The fourplex is situated on a 0.3301-acre corner lot. The property size is 3818 square feet.
Key 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.
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 |
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex in PalmaSola near McAllen, Mission, Palmhurst, Edinburg.
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 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.
