Fourplex with Covered
1209 S Michigan Street, Alton, TX 78573
For Sale
New
$425,000
A mix of two- and three-bedroom residences includes private laundry in every unit.
Property Size4,010 SF
Price / SF$105.99
Days on Market1
Property Features for 1209 S Michigan Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered parking
private laundry area
Ceiling Fan(s)
Dryer
Microwave
Walk-In Closet(s)
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Casa Bella Real Estate LLC
Listed By:
Vianey Rivera · License #801070905
(956) 263-5359
Source:
Culturare
Added: Nov 6
Last Checked: Nov 6 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Casa Bella Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this 4,010-square-foot quadplex contains four residences with a mix of two- and three-bedroom layouts. Each unit has a private laundry area, and covered parking serves the property.
The property is in Alton, Hidalgo County, at 1209 S Michigan Street.
The property is in Alton, Hidalgo County, at 1209 S Michigan Street.
Key Highlights
- Fourplex with four residential units
- 4,010 square feet; built in 2026
- Unit mix includes two- and three‑bedroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,067
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,340
$701.3K
Cap Rate 7%
$500,957
$501.0K
Cap Rate 9%
$389,633
$389.6K
Market Conditions
NOI Build-Up for 4,010 SF
Gross rent
$56.3K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.1K $12.49/SF
− OpEx
−$15.0K −$3.75/SF
NOI
$35.1K $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 Rate 5%
$701,340
Cap Rate 7%
$500,957
Cap Rate 9%
$389,633
Alternative Uses
Best Use
Multifamily LT 5
$501.0K
$438.3K – $584.5K
NOI $35,067 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$461.2K
$403.6K – $538.1K
NOI $32,286 @ 7.0% cap · market cap 7.60%
Theoretical Best
Hotel Hospitality
$3.02M
$2.64M – $3.52M
NOI $211,427 @ 7.0% cap · market cap 49.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
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
$154,800
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Alton, TX
Properties on Market for Quadplexes in Alton
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A mix of two- and three-bedroom residences includes private laundry in every unit.
Where is this quadplex located?
The property is located at 1209 S Michigan Street Alton, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Fourplex with four residential units; 4,010 square feet; built in 2026; Unit mix includes two- and three‑bedroom layouts
