Four-Unit Apartment
New
For Sale
$485,000
1230 Valle Vista Street, Alamo, TX 78589
New construction includes a mix of two- and three-bedroom residences with contemporary interior finishes.
Property Size3,988 SF
Price / SF$121.61
Days on Market4
Property Features for 1230 Valle Vista Street
General Information
Standard status
Active
Size
3,988 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,573
Amenities
Ceiling Fan(s)
Dryer
Microwave
Washer
Sprinkler System
Building Details
Building Size
3,988 SF
Year Built
2025
Buildings
2
Stories
1
Units
4
Listing Agency:
CNC REALTY RGV, LLC
Listed By:
Hiram Diaz · License #801067699
(956) 378-7355
Source:
Gdvrealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 2:02PM
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 CNC REALTY RGV, 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.
This 2025-built, four-unit apartment property totals 3,988 square feet and remains incomplete. The layout includes two three-bedroom, two-bath units and two two-bedroom, two-bath units. Interiors feature open-plan living areas, granite counters, custom cabinetry, stainless steel appliances and wood-look tile flooring. Tray ceilings and decorative lighting are also installed.
The property is at 1230 Valle Vista Street in Alamo, Texas, a few minutes from the expressway.
The property is at 1230 Valle Vista Street in Alamo, Texas, a few minutes from the expressway.
Key Highlights
- Four units: two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units
- 3,988 square feet; construction is incomplete
- Built in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,875
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,500
$697.5K
Cap Rate 7%
$498,214
$498.2K
Cap Rate 9%
$387,500
$387.5K
Market Conditions
NOI Build-Up for 3,988 SF
Gross rent
$56.0K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$49.8K $12.49/SF
− OpEx
−$14.9K −$3.75/SF
NOI
$34.9K $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%
$697,500
Cap Rate 7%
$498,214
Cap Rate 9%
$387,500
Alternative Uses
Best Use
Multifamily LT 5
$498.2K
$435.9K – $581.3K
NOI $34,875 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$458.7K
$401.4K – $535.2K
NOI $32,109 @ 7.0% cap · market cap 6.62%
Theoretical Best
Hotel Hospitality
$3.00M
$2.63M – $3.50M
NOI $210,267 @ 7.0% cap · market cap 43.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - New construction includes a mix of two- and three-bedroom residences with contemporary interior finishes.
Where is this quadplex located?
The property is located at 1230 Valle Vista Street Alamo, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Four units: two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units; 3,988 square feet; construction is incomplete; Built in 2025
