Two-Bedroom Multifamily
For Sale
$249,000
209 N Bluebonnet, Alton, TX 78573
Fully rented two-bedroom, two-bath property within walking distance of a school.
Property Size1,800 SF
Price / SF$138.33
Days on Market51
Property Features for 209 N Bluebonnet
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family
Occupancy
100%
Building Details
Year Built
2005
Listing Agency:
Big Realty
Listed By:
Edgar Rodriguez · License #801070508
(956) 627-7963
Source:
Tnt
Added: Sep 12
Changed: Oct 25
Last Checked: Nov 1 at 2:37AM
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 Big Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 209 N Bluebonnet in Alton, Texas, was built in 2005 and features a two-bedroom, two-bath configuration. The property is fully rented, providing an existing occupancy profile for a buyer evaluating a residential income asset.
The home is within walking distance of a school, adding a nearby educational amenity to the property’s setting. The address is 209 N Bluebonnet, Alton, TX 78573.
The home is within walking distance of a school, adding a nearby educational amenity to the property’s setting. The address is 209 N Bluebonnet, Alton, TX 78573.
Key Highlights
- Fully rented two‑bedroom, two‑bath property
- Built in 2005
- Walking distance to a school
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,493
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,860
$289.9K
Cap Rate 7%
$207,043
$207.0K
Cap Rate 9%
$161,033
$161.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$29.8K $16.56/SF
− Vacancy
−$3.5K −$1.92/SF
EGI
$26.4K $14.64/SF
− OpEx
−$11.9K −$6.59/SF
NOI
$14.5K $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%
$289,860
Cap Rate 7%
$207,043
Cap Rate 9%
$161,033
Alternative Uses
Best Use
Apartment 5plus
$207.0K
$181.2K – $241.6K
NOI $14,493 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.36M
$1.19M – $1.58M
NOI $94,905 @ 7.0% cap · market cap 38.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
358
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully rented two-bedroom, two-bath property within walking distance of a school.
Where is this multifamily property located?
The property is located at 209 N Bluebonnet Alton, TX.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Fully rented two‑bedroom, two‑bath property; Built in 2005; Walking distance to a school
