Alton Fourplex Investment
For Sale
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1428 W Harrison Avenue, Alton, TX 78573
Fourplex in Alton, Texas, offering income-generating potential.
Property Size3,786 SF
Price / SF$109.61
Days on Market1014
Property Features for 1428 W Harrison Avenue
General Information
Standard status
Active
Size
3,786 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2021
Buildings
2
Units
4
Listing Agency:
Element Realty, LLC
Listed By:
Allyza Trevino
Source:
Crexi
Added: Jan 9, 2024
Changed: Oct 13
Last Checked: Oct 16 at 8:17AM
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 Element Realty, LLC
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Investment Insights
Based on property information with market context.
This fourplex in Alton, Texas, presents an investment opportunity. The property is situated on a corner lot and features well-maintained apartments. Currently, one unit, apartment 3, is vacant and has two bedrooms. The property size is 3786 square feet.
Key Highlights
- Prime investment opportunity in Alton
- Income‑generating fourplex
- Located on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,108
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,160
$662.2K
Cap Rate 7%
$472,971
$473.0K
Cap Rate 9%
$367,867
$367.9K
Market Conditions
NOI Build-Up for 3,786 SF
Gross rent
$53.2K $14.04/SF
− Vacancy
−$5.9K −$1.55/SF
EGI
$47.3K $12.49/SF
− OpEx
−$14.2K −$3.75/SF
NOI
$33.1K $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%
$662,160
Cap Rate 7%
$472,971
Cap Rate 9%
$367,867
Alternative Uses
Best Use
Multifamily LT 5
$473.0K
$413.9K – $551.8K
NOI $33,108 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$435.5K
$381.0K – $508.1K
NOI $30,483 @ 7.0% cap · market cap 7.35%
Theoretical Best
Hotel Hospitality
$2.85M
$2.50M – $3.33M
NOI $199,617 @ 7.0% cap · market cap 48.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in Alton, Texas, offering income-generating potential.
Where is this quadplex located?
The property is located at 1428 W Harrison Avenue Alton, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Prime investment opportunity in Alton; Income‑generating fourplex; Located on a corner lot
