Four-Unit Residential
1420 W Harrison W, Alton, TX 78573
For Sale
New
$450,000
Four residential units offer generous two-bedroom layouts with tile flooring and washer and dryer connections.
Property Size4,668 SF
Price / SF$96.40
Days on Market6
Property Features for 1420 W Harrison W
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
tile flooring
washer and dryer connections
Building Details
Year Built
Buildings
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 3:02PM
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 SANETI REALTY GROUP
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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 four-unit residential property contains 4,668 square feet and was built in 2011. Each unit is described as a spacious two-bedroom layout, with tile flooring and washer and dryer connections.
The property is located at 1420 W Harrison W in Alton, Texas.
The property is located at 1420 W Harrison W in Alton, Texas.
Key Highlights
- Four units with two bedrooms each
- 4,668 square feet
- Built in 2011
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,821
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,420
$816.4K
Cap Rate 7%
$583,157
$583.2K
Cap Rate 9%
$453,567
$453.6K
Market Conditions
NOI Build-Up for 4,668 SF
Gross rent
$65.5K $14.04/SF
− Vacancy
−$7.2K −$1.55/SF
EGI
$58.3K $12.49/SF
− OpEx
−$17.5K −$3.75/SF
NOI
$40.8K $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%
$816,420
Cap Rate 7%
$583,157
Cap Rate 9%
$453,567
Alternative Uses
Best Use
Multifamily LT 5
$583.2K
$510.3K – $680.4K
NOI $40,821 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$536.9K
$469.8K – $626.4K
NOI $37,584 @ 7.0% cap · market cap 8.35%
Theoretical Best
Hotel Hospitality
$3.52M
$3.08M – $4.10M
NOI $246,120 @ 7.0% cap · market cap 54.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
822
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
$154,800
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Alton, TX
Properties on Market for Quadplexes in Alton
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer generous two-bedroom layouts with tile flooring and washer and dryer connections.
Where is this quadplex located?
The property is located at 1420 W Harrison W Alton, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four units with two bedrooms each; 4,668 square feet; Built in 2011
