Four-Unit
1234 Valle Vista Street, Alamo, TX 78589
For Sale
New
$485,000
The 2025 building remains unfinished, with plans for two- and three-bedroom apartments.
Property Size3,988 SF
Price / SF$121.61
Days on Market3
Property Features for 1234 Valle Vista Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Microwave
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
CNC REALTY RGV, LLC
Listed By:
Hiram Diaz · License TX #801067699
(956) 378-7355
Source:
Justrealty
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 3:54PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,988-square-foot quadplex in Alamo, Texas, was built in 2025 and remains incomplete. The planned unit mix comprises two apartments with three bedrooms and two bathrooms each, plus two apartments with two bedrooms and two bathrooms each.
The described layouts include open living areas, granite countertops, custom cabinetry, stainless steel appliances, wood-look tile, tray ceilings, and decorative lighting. Unit layouts, fixtures, and finishes may differ from the illustrative materials. The property is described as a short drive from an expressway.
The described layouts include open living areas, granite countertops, custom cabinetry, stainless steel appliances, wood-look tile, tray ceilings, and decorative lighting. Unit layouts, fixtures, and finishes may differ from the illustrative materials. The property is described as a short drive from an expressway.
Key Highlights
- 3,988‑square‑foot quadplex built in 2025
- Four planned units: two with 3 bedrooms and 2 bathrooms; two with 2 bedrooms and 2 bathrooms
- Construction is incomplete
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
Office A
$1.40M
$1.23M – $1.64M
NOI $98,201 @ 7.0% cap · market cap 20.25%
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
$112,400
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Hidalgo County, TX
Properties on Market for Quadplexes in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The 2025 building remains unfinished, with plans for two- and three-bedroom apartments.
Where is this quadplex located?
The property is located at 1234 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: 3,988‑square‑foot quadplex built in 2025; Four planned units: two with 3 bedrooms and 2 bathrooms; two with 2 bedrooms and 2 bathrooms; Construction is incomplete
