4-Unit
2609 E Israel Avenue, Alton, TX 78573
For Sale
$505,000
Rental income is supported by four residences with open layouts and contemporary interior finishes.
Property Size4,032 SF
Price / SF$125.25
Days on Market8
Property Features for 2609 E Israel Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 3:09PM
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 Texus 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.
Completed in 2024, this 4,032-square-foot quadplex contains four units, each arranged with three bedrooms and two bathrooms. Open living areas, decorative ceilings, custom kitchen cabinetry, and included kitchen appliances, washers, and dryers are part of the property. The units are generating rental income.
The property is in Sunterra Subdivision in Alton, near schools and main roads.
The property is in Sunterra Subdivision in Alton, near schools and main roads.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,032 square feet, built in 2024
- Rental income currently generated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,200
$705.2K
Cap Rate 7%
$503,714
$503.7K
Cap Rate 9%
$391,778
$391.8K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$56.6K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.4K $12.49/SF
− OpEx
−$15.1K −$3.75/SF
NOI
$35.3K $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%
$705,200
Cap Rate 7%
$503,714
Cap Rate 9%
$391,778
Alternative Uses
Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 6.43%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 42.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
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 Quadplexes in Alton, TX
Properties on Market for Quadplexes in Alton
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Rental income is supported by four residences with open layouts and contemporary interior finishes.
Where is this quadplex located?
The property is located at 2609 E Israel Avenue Alton, TX.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; 4,032 square feet, built in 2024; Rental income currently generated
