4-Unit Multifamily
New
For Sale
$590,000
208 Alpine Court, Irving, TX 75060
Two units are vacant, while the remaining residences provide rental income potential.
Property Size3,292 SF
Price / SF$179.22
Days on Market4
Property Features for 208 Alpine Court
General Information
Standard status
Active
Size
3,292 SF
Total Parking Spaces
8
Property subtype
Residential Income
Occupancy
50%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
Multiple Staircases
Pantry
Building Details
Building Size
3,292 SF
Year Built
1965
Buildings
1
Stories
2
Units
4
Listing Agency:
All City
(866) 277-6005
Listed By:
Niyi Efuwape
(817) 919-7864
Source:
Bsare
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:30PM
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 All City
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Investment Insights
Based on property information with market context.
This 3,292-square-foot multifamily property contains four units, each with two bedrooms, a living room, a dining area, and one bathroom. Two units are currently vacant. The property also includes a separate storage unit that could be converted to a small laundry room.
The Irving property is situated between Interstate 30, TX 183, and President George W. Bush Turnpike. Eight parking spaces are located behind the building. Built in 1965, the four-unit configuration allows the vacant residences to be leased while the other units remain occupied.
The Irving property is situated between Interstate 30, TX 183, and President George W. Bush Turnpike. Eight parking spaces are located behind the building. Built in 1965, the four-unit configuration allows the vacant residences to be leased while the other units remain occupied.
Key Highlights
- Four units, each with two bedrooms and one bathroom
- Two of four units currently vacant
- 3,292 square feet; built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,058
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,160
$1.0M
Cap Rate 7%
$715,114
$715.1K
Cap Rate 9%
$556,200
$556.2K
Market Conditions
NOI Build-Up for 3,292 SF
Gross rent
$101.9K $30.96/SF
− Vacancy
−$10.9K −$3.31/SF
EGI
$91.0K $27.65/SF
− OpEx
−$41.0K −$12.44/SF
NOI
$50.1K $15.21/SF
Area
Irving, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,160
Cap Rate 7%
$715,114
Cap Rate 9%
$556,200
Alternative Uses
Best Use
Multifamily LT 5
$826.9K
$723.6K – $964.8K
NOI $57,885 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$715.1K
$625.7K – $834.3K
NOI $50,058 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$844.3K
$738.7K – $985.0K
NOI $59,098 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Explore this area
Business Placement
Demographics for 75060, TX
47,955
Population
15,538
Households
3.1
Avg Household Size
34
Median Age
18%
College-Educated
64%
High-School Grad
12.1 sq mi
ZIP Area
3,963
Density / Sq Mi
$69,708
Median Household Income
$35,508
Median Earnings
$1,367
Median Rent
$224,100
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
Frequently Asked Questions
What type of property is this?
Quadplex - Two units are vacant, while the remaining residences provide rental income potential.
Where is this quadplex located?
The property is located at 208 Alpine Court Irving, TX.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Four units, each with two bedrooms and one bathroom; Two of four units currently vacant; 3,292 square feet; built in 1965
