2024 Fourplex with Covered
For Sale
Contact for pricing
1301 Valle Vista Street, Alamo, TX 78516
Four residential units offer modern finishes, private fenced yards, alley access, and convenient covered parking.
Property Size3,746 SF
Price / SF$125.20
Days on Market65
Property Features for 1301 Valle Vista Street
General Information
Standard status
Active
Size
3,746 SF
Total Parking Spaces
8
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
4
Amenities
private fenced yards
alley access
stainless steel appliances
washers and dryers
Building Details
Year Built
2024
Buildings
2
Units
4
Listing Agency:
Alliance Real Estate Group
Listed By:
Daniela Perez
Source:
Crexi
Added: Aug 15
Changed: Oct 4
Last Checked: Oct 16 at 7:28AM
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 Alliance Real Estate Group
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Investment Insights
Based on property information with market context.
Completed in 2024, this fourplex contains 3,746 square feet arranged as two two-bedroom residences and two three-bedroom residences. Each unit includes two full bathrooms and living areas with open layouts. Interior features include quartz counters, custom cabinetry, decorative ceilings, wood-look tile, walk-in closets, stainless steel appliances, and in-unit washers and dryers. Private fenced yards extend the usable space for each residence.
The property includes alley access and 8 covered carport spaces. Its location near FM 495 and Alamo Road provides access to schools, shopping, dining, and the expressway. The unit mix and contemporary construction create a clearly defined multifamily configuration for prospective ownership or operation.
The property includes alley access and 8 covered carport spaces. Its location near FM 495 and Alamo Road provides access to schools, shopping, dining, and the expressway. The unit mix and contemporary construction create a clearly defined multifamily configuration for prospective ownership or operation.
Key Highlights
- 2024‑built fourplex totaling 3,746 square feet
- Unit mix includes two 2‑bedroom and two 3‑bedroom residences
- Each residence has 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,759
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,180
$655.2K
Cap Rate 7%
$467,986
$468.0K
Cap Rate 9%
$363,989
$364.0K
Market Conditions
NOI Build-Up for 3,746 SF
Gross rent
$52.6K $14.04/SF
− Vacancy
−$5.8K −$1.55/SF
EGI
$46.8K $12.49/SF
− OpEx
−$14.0K −$3.75/SF
NOI
$32.8K $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%
$655,180
Cap Rate 7%
$467,986
Cap Rate 9%
$363,989
Alternative Uses
Best Use
Multifamily LT 5
$468.0K
$409.5K – $546.0K
NOI $32,759 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$430.9K
$377.0K – $502.7K
NOI $30,161 @ 7.0% cap · market cap 6.43%
Theoretical Best
Hotel Hospitality
$2.82M
$2.47M – $3.29M
NOI $197,508 @ 7.0% cap · market cap 42.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
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Business Placement
Demographics for 78516, TX
34,506
Population
12,469
Households
2.8
Avg Household Size
32
Median Age
12%
College-Educated
59%
High-School Grad
37.8 sq mi
ZIP Area
913
Density / Sq Mi
$51,547
Median Household Income
$26,908
Median Earnings
$743
Median Rent
$102,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer modern finishes, private fenced yards, alley access, and convenient covered parking.
Where is this quadplex located?
The property is located at 1301 Valle Vista Street Alamo, TX.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 2024‑built fourplex totaling 3,746 square feet; Unit mix includes two 2‑bedroom and two 3‑bedroom residences; Each residence has 2 full bathrooms
