Modern Four-Unit
For Sale
$482,000
1317 S Xanthia Street, Alton, TX 78573
Residential Income, Alton, TX
Property Size4,212 SF
Lot Size0.24 Acres
Price / SF$114.43
Days on Market57
Property Features for 1317 S Xanthia Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Shary Landing
Lot features
Sprinkler System
Elementary school
Jensen
Middle school
Sharyland North Junior
High school
Sharyland Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
From 4 Mile Line (Lark) and N. 23rd Street (McAllen) travel west on Lark to Xanthia (Intersection of 4 Mile Line and Glasscock)
Standard status
Active
APN
S294500000000600
Size
4,212 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13129
HOA Fee
$500 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2023
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Realty One Group Right Choice
(956) 587-9237
Listed By:
Vikki Wright
(956) 821-6170
Added: Jul 24
Changed: Sep 6
Last Checked: Sep 18 at 2:06PM
MLS# 510472
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2023, this four-unit residential property contains 4,212 square feet on a 0.2447-acre lot. Each residence features an open-concept layout with wood-look porcelain tile, white quartz countertops, a substantial kitchen island, generous cabinetry, stainless steel appliances, walk-in closets, full-size washer and dryer connections or appliances, modern lighting, and ceiling fans. The improvements use stucco construction with shingle roofing, central heating, and central air conditioning.
Outdoor features include private fenced backyards, patios, and an installed sprinkler system. The property is located in Alton, minutes from Sharyland Schools, North McAllen, Mission, Edinburg, and UTRGV, with shopping, dining, entertainment, and medical facilities also identified nearby. Appliances include electric ranges, refrigerators, microwaves, electric water heaters, washers, and dryers.
Outdoor features include private fenced backyards, patios, and an installed sprinkler system. The property is located in Alton, minutes from Sharyland Schools, North McAllen, Mission, Edinburg, and UTRGV, with shopping, dining, entertainment, and medical facilities also identified nearby. Appliances include electric ranges, refrigerators, microwaves, electric water heaters, washers, and dryers.
Key Highlights
- Four‑unit property totaling 4,212 square feet
- Built in 2023 on a 0.2447‑acre lot
- Quartz kitchens with islands, stainless steel appliances, and abundant cabinet storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,834
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$736,680
$736.7K
Cap Rate 7%
$526,200
$526.2K
Cap Rate 9%
$409,267
$409.3K
Market Conditions
NOI Build-Up for 4,212 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.1K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.6K $12.49/SF
− OpEx
−$15.8K −$3.75/SF
NOI
$36.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$736,680
Cap Rate 7%
$526,200
Cap Rate 9%
$409,267
Alternative Uses
Best Use
Multifamily LT 5
$526.2K
$460.4K – $613.9K
NOI $36,834 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$484.5K
$423.9K – $565.2K
NOI $33,913 @ 7.0% cap · market cap 7.04%
Theoretical Best
Hotel Hospitality
$3.17M
$2.78M – $3.70M
NOI $222,078 @ 7.0% cap · market cap 46.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
60
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Contemporary residences with quartz kitchens, full-size laundry appliances, and private fenced outdoor areas.
Where is this quadplex located?
The property is located at 1317 S Xanthia Street Alton, TX.
What is the asking price?
The asking price for this property is $482,000.
What are key features of this property?
This property features: Four‑unit property totaling 4,212 square feet; Built in 2023 on a 0.2447‑acre lot; Quartz kitchens with islands, stainless steel appliances, and abundant cabinet storage
