Four-Unit Apartment
New
For Sale
$524,900
2509 E Israel Avenue, Alton, TX 78572
Residential Income, Alton, TX
Property Size4,319 SF
Lot Size0.26 Acres
Price / SF$121.53
Days on Market4
Property Features for 2509 E Israel Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
8
Parking features
None
Fencing
Privacy
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dryer, Refrigerator, Washer
Subdivision
Sunterra
Elementary school
Cantu
Middle school
Sharyland North Junior
High school
Sharyland Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
Go west on Trenton, turn south on Steward, turn east on Israel Ave
Standard status
Active
APN
S706500000000200
Size
4,319 SF
Lot size
0.26 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12575
HOA Fee
$500 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Buildings
1
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Oct 30
Last Checked: Nov 2 at 5:06AM
MLS# 516734
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.
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Investment Insights
Based on property information with market context.
This 2025-built quadplex contains four residences, each configured with three bedrooms and two bathrooms. The 4,319-square-foot building is constructed of brick and is currently under construction. Central heating and air conditioning serve the units, with a shingle roof and privacy fencing also included. Appliances include refrigerators, smooth electric cooktops, washers, dryers, and electric water heaters; the listing also specifies a microwave and refrigerators with ice makers in each unit.
The property occupies 0.26 acres in Alton, Texas. Public water serves the site, and no parking is provided.
The property occupies 0.26 acres in Alton, Texas. Public water serves the site, and no parking is provided.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,319 square feet on a 0.26‑acre site
- Built in 2025; property condition listed as under construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,769
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,380
$755.4K
Cap Rate 7%
$539,557
$539.6K
Cap Rate 9%
$419,656
$419.7K
Market Conditions
NOI Build-Up for 4,319 SF
Gross rent
$60.6K $14.04/SF
− Vacancy
−$6.7K −$1.55/SF
EGI
$54.0K $12.49/SF
− OpEx
−$16.2K −$3.75/SF
NOI
$37.8K $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%
$755,380
Cap Rate 7%
$539,557
Cap Rate 9%
$419,656
Alternative Uses
Best Use
Multifamily LT 5
$539.6K
$472.1K – $629.5K
NOI $37,769 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$496.8K
$434.7K – $579.6K
NOI $34,774 @ 7.0% cap · market cap 6.62%
Theoretical Best
Hotel Hospitality
$3.25M
$2.85M – $3.80M
NOI $227,719 @ 7.0% cap · market cap 43.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a three-bedroom, two-bath layout and a full appliance package.
Where is this quadplex located?
The property is located at 2509 E Israel Avenue Alton, TX.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; 4,319 square feet on a 0.26‑acre site; Built in 2025; property condition listed as under construction
