Fourplex with Covered
For Sale
Contact for pricing
1308 Valle Vista Street, Alamo, TX 78516
Contemporary fourplex with open layouts, private fenced yards, and a balanced two- and three-bedroom unit mix.
Property Size3,988 SF
Price / SF$119.11
Days on Market69
Property Features for 1308 Valle Vista Street
General Information
Standard status
Active
Size
3,988 SF
Total Parking Spaces
8
Property subtype
Multifamily
Units
Unit Mix
2 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
private fenced yards
washer/dryer
Building Details
Year Built
2024
Buildings
2
Units
4
Listing Agency:
Alliance Real Estate Group
Listed By:
Daniela Perez · License #801068475
(956) 777-9340
Source:
Crexi
Added: Aug 8
Changed: Oct 8
Last Checked: Oct 14 at 7:35PM
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
Investment Insights
Based on property information with market context.
Built in 2024, this fourplex contains 3,988 square feet across four residences. The configuration includes two two-bedroom units and two three-bedroom units, with each residence offering two full bathrooms. Interior features include open-concept living areas, quartz countertops, custom cabinetry, decorative ceilings, wood-look tile flooring, walk-in closets, stainless steel appliances, and in-unit washers and dryers.
Each residence includes a private fenced yard, while the property also provides alley access and 8 covered carport spaces. The property is located near FM 495 and Alamo Road, with access to schools, shopping, dining, and the expressway. Its four-unit layout and varied bedroom mix provide a clearly defined multifamily configuration.
Each residence includes a private fenced yard, while the property also provides alley access and 8 covered carport spaces. The property is located near FM 495 and Alamo Road, with access to schools, shopping, dining, and the expressway. Its four-unit layout and varied bedroom mix provide a clearly defined multifamily configuration.
Key Highlights
- Fourplex totaling 3,988 square feet, built in 2024
- 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
$34,875
Cap Rate
7.34%
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 7.34%
Second Best
Apartment 5plus
$458.7K
$401.4K – $535.2K
NOI $32,109 @ 7.0% cap · market cap 6.76%
Theoretical Best
Hotel Hospitality
$3.00M
$2.63M – $3.50M
NOI $210,267 @ 7.0% cap · market cap 44.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway 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
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Frequently Asked Questions
What type of property is this?
Quadplex - Contemporary fourplex with open layouts, private fenced yards, and a balanced two- and three-bedroom unit mix.
Where is this quadplex located?
The property is located at 1308 Valle Vista Street Alamo, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fourplex totaling 3,988 square feet, built in 2024; Unit mix includes two 2‑bedroom and two 3‑bedroom residences; Each residence has 2 full bathrooms
