Brick Duplex with
For Sale
$249,000
209 N Bluebonnet Street, Alton, TX 78573
Residential Income, Alton, TX
Property Size1,800 SF
Lot Size0.16 Acres
Price / SF$138.33
Days on Market50
Property Features for 209 N Bluebonnet Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
6
Parking features
Other, Garage
Patio and Porch features
Patio
Exterior features
Mature Trees
Fencing
Chain Link
Appliances
Electric Water Heater, Refrigerator
Subdivision
Tri-City #2
Elementary school
Jensen
Middle school
North Jr. High
High school
Sharyland Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
From McAllen head West on Trenton past Glasscock. Turn North on Vega St. Left on Monroe Ave and then North on Blue Bonnet.
Standard status
Active
APN
T73000200C009000
Size
1,800 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
4226
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
2005
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Edgar Rodriguez · License #801070508
(956) 627-7963
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 29 at 7:06PM
MLS# 515009
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.
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 1,800-square-foot duplex was built in 2005 with brick construction and a shingle roof. The property is described as fully rented and includes a two-bedroom, two-bath configuration, along with a garage, patio, chain-link fencing, and mature trees. Central electric heating and central air conditioning serve the building, while an electric water heater and refrigerator are included among the appliances.
The property sits on 0.1607 acres at 209 N Bluebonnet Street in Alton, Hidalgo County. A school is within walking distance, providing a nearby community amenity. The combination of residential income use, existing occupancy, and on-site garage parking gives the property a straightforward rental configuration.
The property sits on 0.1607 acres at 209 N Bluebonnet Street in Alton, Hidalgo County. A school is within walking distance, providing a nearby community amenity. The combination of residential income use, existing occupancy, and on-site garage parking gives the property a straightforward rental configuration.
Key Highlights
- Duplex with 1,800 square feet of property size
- Fully rented two‑bedroom, two‑bath configuration
- Built in 2005 with brick construction and a shingle roof
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
171
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented duplex with central HVAC, a garage, patio, and chain-link fencing in Alton.
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: Duplex with 1,800 square feet of property size; Fully rented two‑bedroom, two‑bath configuration; Built in 2005 with brick construction and a shingle roof
