Duplex With Two-Bedroom
209 N Bluebonnet Street, Alton, TX 78573
For Sale
New
$249,000
Both units are fully leased, with a combined four bedrooms and four bathrooms.
Property Size1,800 SF
Price / SF$138.33
Days on Market6
Property Features for 209 N Bluebonnet Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Year Built
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
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 duplex was built in 2005 and contains 1,800 square feet. Its two units are configured with two bedrooms and two bathrooms each, for a combined four bedrooms and four bathrooms. Both units are currently rented.
The property is at 209 N Bluebonnet Street in Alton, Texas, within walking distance of a school.
The property is at 209 N Bluebonnet Street in Alton, Texas, within walking distance of a school.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 1,800 square feet of building area
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,741
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,820
$314.8K
Cap Rate 7%
$224,871
$224.9K
Cap Rate 9%
$174,900
$174.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$25.3K $14.04/SF
− Vacancy
−$2.8K −$1.55/SF
EGI
$22.5K $12.49/SF
− OpEx
−$6.7K −$3.75/SF
NOI
$15.7K $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%
$314,820
Cap Rate 7%
$224,871
Cap Rate 9%
$174,900
Alternative Uses
Best Use
Multifamily LT 5
$224.9K
$196.8K – $262.4K
NOI $15,741 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$207.0K
$181.2K – $241.6K
NOI $14,493 @ 7.0% cap · market cap 5.82%
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
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 Duplexes in Hidalgo County, TX
Properties on Market for Duplexes in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are fully leased, with a combined four bedrooms and four bathrooms.
Where is this duplex located?
The property is located at 209 N Bluebonnet Street 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: Two units, each with 2 bedrooms and 2 bathrooms; 1,800 square feet of building area; Built in 2005
