Fourplex with Furnished Airbnb
For Sale
$515,000
1409 S Yankton Street, Alton, TX 78573
Residential Income, Alton, TX
Property Size4,060 SF
Lot Size0.24 Acres
Price / SF$126.85
Days on Market89
Property Features for 1409 S Yankton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Water Heater (Laundry Room), Dryer, Stove/Range-Electric Smooth, Washer
Subdivision
Shary Landing
Lot features
Curb & Gutters, Professional Landscaping, Sidewalks, 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
Corner of Glasscock and Mile 4. YANKTON RD.
Standard status
Active
APN
S294500000003300
Size
4,060 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10987
HOA Fee
$600 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
10
Building materials
Stucco
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Omar Govea · License #805648479
(956) 929-2345
Added: Jul 7
Changed: Sep 14
Last Checked: Oct 3 at 6:06AM
MLS# 508989
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.
This 2024-built quadplex contains 4,060 square feet on 0.2447 acres. The property includes three leased units and one furnished unit operating as an Airbnb. Each residence has spacious bedrooms, an open living and kitchen arrangement, and a complete appliance package. Units are individually fenced, and the three-bedroom, two-bath units include oversized covered back patios.
Property improvements include stucco construction, shingle roofing, central air conditioning, electric heating, public water service, and a sprinkler system. Appliances include electric ranges, washers, dryers, and water-heating equipment. The property is located near schools, shopping, restaurants, and everyday amenities in Alton, Texas.
Property improvements include stucco construction, shingle roofing, central air conditioning, electric heating, public water service, and a sprinkler system. Appliances include electric ranges, washers, dryers, and water-heating equipment. The property is located near schools, shopping, restaurants, and everyday amenities in Alton, Texas.
Key Highlights
- 2024‑built quadplex with 4,060 square feet on 0.2447 acres
- Three units are leased; one furnished unit operates as an Airbnb
- Three‑bedroom, two‑bath units include oversized covered back patios
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
$35,505
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
6.89%
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%
$710,100
$710.1K
Cap Rate 7%
$507,214
$507.2K
Cap Rate 9%
$394,500
$394.5K
Market Conditions
NOI Build-Up for 4,060 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
$57.0K $14.04/SF
− Vacancy
−$6.3K −$1.55/SF
EGI
$50.7K $12.49/SF
− OpEx
−$15.2K −$3.75/SF
NOI
$35.5K $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%
$710,100
Cap Rate 7%
$507,214
Cap Rate 9%
$394,500
Alternative Uses
Best Use
Multifamily LT 5
$507.2K
$443.8K – $591.8K
NOI $35,505 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$467.0K
$408.6K – $544.8K
NOI $32,689 @ 7.0% cap · market cap 6.35%
Theoretical Best
Hotel Hospitality
$3.06M
$2.68M – $3.57M
NOI $214,064 @ 7.0% cap · market cap 41.57%
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
Check the figures for this property
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 - Recently built multifamily property with three leased units and one furnished short-term rental.
Where is this quadplex located?
The property is located at 1409 S Yankton Street Alton, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2024‑built quadplex with 4,060 square feet on 0.2447 acres; Three units are leased; one furnished unit operates as an Airbnb; Three‑bedroom, two‑bath units include oversized covered back patios
