New Multifamily Apartment
2609 E Hayes Avenue, Alton, TX 78573
For Sale
$565,000
The newly constructed property features private fenced outdoor areas, covered carports, and in-unit laundry.
Property Size4,016 SF
Price / SF$140.69
Days on Market19
Property Features for 2609 E Hayes Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Microwave
Walk-In Closet(s)
Washer
Sprinkler System
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Nexus RGV Adminstrative Group, LLC
(956) 777-9340
Listed By:
Emiliano Perez · License #801070642
(956) 777-9579
Source:
Culturare
Added: Oct 19
Changed: Nov 6
Last Checked: Nov 6 at 2:16PM
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 Nexus RGV Adminstrative Group, LLC
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.
Completed in 2026, this 4,016-square-foot multifamily property is located at 2609 E Hayes Avenue in Alton. Its residences feature open layouts with wood-look tile, kitchens equipped with custom cabinetry, quartz counters, and islands, plus bedrooms with large closets. Primary suites include walk-in closets and frameless glass showers.
Each residence also has a fenced backyard, stainless steel appliances, and an in-unit washer and dryer. Covered carports provide additional on-site parking.
Each residence also has a fenced backyard, stainless steel appliances, and an in-unit washer and dryer. Covered carports provide additional on-site parking.
Key Highlights
- 4,016‑square‑foot multifamily property
- Built in 2026
- Private fenced backyards for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,335
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,700
$646.7K
Cap Rate 7%
$461,929
$461.9K
Cap Rate 9%
$359,278
$359.3K
Market Conditions
NOI Build-Up for 4,016 SF
Gross rent
$66.5K $16.56/SF
− Vacancy
−$7.7K −$1.92/SF
EGI
$58.8K $14.64/SF
− OpEx
−$26.5K −$6.59/SF
NOI
$32.3K $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%
$646,700
Cap Rate 7%
$461,929
Cap Rate 9%
$359,278
Alternative Uses
Best Use
Apartment 5plus
$461.9K
$404.2K – $538.9K
NOI $32,335 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.02M
$2.65M – $3.53M
NOI $211,744 @ 7.0% cap · market cap 37.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
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 Multifamily properties in Alton, TX
Properties on Market for Multifamily properties in Alton
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The newly constructed property features private fenced outdoor areas, covered carports, and in-unit laundry.
Where is this multifamily property located?
The property is located at 2609 E Hayes Avenue Alton, TX.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 4,016‑square‑foot multifamily property; Built in 2026; Private fenced backyards for each residence
