Four-Unit Quadplex with
1216 W Harrison Avenue, Alton, TX 78573
For Sale
New
$450,000
All four residences are leased and have individual electric meters.
Property Size4,200 SF
Price / SF$107.14
Days on Market6
Property Features for 1216 W Harrison Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
private patios
Building Details
Year Built
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 3:16PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Built in 2021, this 4,200-square-foot quadplex contains four three-bedroom residences, each with a private patio and its own electric meter. The property is fully leased and has no HOA fees.
Mission Collegiate is directly across from the property, with Walmart, H-E-B, Ross, Chick-fil-A and Applebee’s a short drive away. Buddy Owens Boulevard and Conway Avenue provide access to area routes.
Mission Collegiate is directly across from the property, with Walmart, H-E-B, Ross, Chick-fil-A and Applebee’s a short drive away. Buddy Owens Boulevard and Conway Avenue provide access to area routes.
Key Highlights
- Four three‑bedroom residences totaling 4,200 square feet
- Built in 2021
- Private patio for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,729
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,580
$734.6K
Cap Rate 7%
$524,700
$524.7K
Cap Rate 9%
$408,100
$408.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$59.0K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.5K $12.49/SF
− OpEx
−$15.7K −$3.75/SF
NOI
$36.7K $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%
$734,580
Cap Rate 7%
$524,700
Cap Rate 9%
$408,100
Alternative Uses
Best Use
Multifamily LT 5
$524.7K
$459.1K – $612.2K
NOI $36,729 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$483.1K
$422.7K – $563.6K
NOI $33,816 @ 7.0% cap · market cap 7.51%
Theoretical Best
Hotel Hospitality
$3.16M
$2.77M – $3.69M
NOI $221,445 @ 7.0% cap · market cap 49.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
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
$154,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - All four residences are leased and have individual electric meters.
Where is this quadplex located?
The property is located at 1216 W Harrison Avenue Alton, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four three‑bedroom residences totaling 4,200 square feet; Built in 2021; Private patio for each residence
