7-Unit Apartment
New
For Sale
$699,900
1421 W Harrison Avenue, Alton, TX 78501
Residential Income, Alton, TX
Property Size7,056 SF
Lot Size0.33 Acres
Price / SF$99.19
Days on Market7
Property Features for 1421 W Harrison Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
12
Parking features
Garage
Exterior features
Mature Trees
Appliances
Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth
Subdivision
Taurus Estates #16
Lot features
Curb & Gutters, Sidewalks
Elementary school
Cavazos
Middle school
Alton-Memorial Junior High
High school
Alton H.S.
Elementary school district
Mission ISD
Middle school district
Mission ISD
High school district
Mission ISD
Directions
From I-2/US-83, take the Inspiration Rd exit and head north on Inspiration Rd. Continue north past Mile 3 Rd; the property at 1421 W Harrison Ave will be on the right-hand side. No For Sale Sign on Property.
Standard status
Active
APN
T094516000004700
Size
7,056 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6098
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2018
Floors in Building
2
Number of units
7
Building materials
Stucco
Roof type
Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Cassandra Ashely Champion · License #0709311
(956) 371-8062
Added: Oct 7
Last Checked: Oct 13 at 11:06PM
MLS# 517127
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 2018, this seven-unit apartment property contains 7,056 square feet of living area on a 0.3256-acre parcel. Each residence has three bedrooms and two bathrooms, along with tile floors, ceiling fans, and laundry connections. The stucco building has central heating and air conditioning, a garage, and a composition roof. Public water serves the property.
Several water heaters and select appliances have been replaced recently. The property is fully occupied and sits among other multifamily properties in Alton.
Several water heaters and select appliances have been replaced recently. The property is fully occupied and sits among other multifamily properties in Alton.
Key Highlights
- Seven units, each configured with 3 bedrooms and 2 bathrooms
- 7,056 square feet of living area on 0.3256 acres
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,811
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,136,220
$1.1M
Cap Rate 7%
$811,586
$811.6K
Cap Rate 9%
$631,233
$631.2K
Market Conditions
NOI Build-Up for 7,056 SF
Gross rent
$116.8K $16.56/SF
− Vacancy
−$13.6K −$1.92/SF
EGI
$103.3K $14.64/SF
− OpEx
−$46.5K −$6.59/SF
NOI
$56.8K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,136,220
Cap Rate 7%
$811,586
Cap Rate 9%
$631,233
Alternative Uses
Best Use
Apartment 5plus
$811.6K
$710.1K – $946.9K
NOI $56,811 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$5.31M
$4.65M – $6.20M
NOI $372,028 @ 7.0% cap · market cap 53.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - All seven residences are occupied, with three-bedroom layouts and individual laundry connections.
Where is this apartment building located?
The property is located at 1421 W Harrison Avenue Alton, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Seven units, each configured with 3 bedrooms and 2 bathrooms; 7,056 square feet of living area on 0.3256 acres; Built in 2018
