Modern 4-Unit
2613 E Israel Avenue, Alton, TX 78573
For Sale
$505,000
Each residence features an open layout, three bedrooms, two bathrooms, and supplied kitchen and laundry appliances.
Property Size4,032 SF
Price / SF$125.25
Days on Market16
Property Features for 2613 E Israel Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Microwave
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
STX Real Estate Group
(956) 400-9697
Listed By:
Gloria Gracia
(956) 655-0551
Source:
Gdvrealty
Added: Oct 22
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 STX Real Estate 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.
Completed in 2024, this four-unit property contains 4,032 square feet. The residences feature open-concept layouts, with three bedrooms and two bathrooms per unit. Interior details include decorative ceilings and custom cabinetry; kitchen appliances, washers, and dryers are included.
The property is in the Sunterra subdivision in Alton, near schools and main roads.
The property is in the Sunterra subdivision in Alton, near schools and main roads.
Key Highlights
- Four units, each with three bedrooms and two bathrooms
- 4,032‑square‑foot property built in 2024
- Open‑concept layouts with decorative ceilings and custom cabinetry
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 - Each residence features an open layout, three bedrooms, two bathrooms, and supplied kitchen and laundry appliances.
Where is this quadplex located?
The property is located at 2613 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 three bedrooms and two bathrooms; 4,032‑square‑foot property built in 2024; Open‑concept layouts with decorative ceilings and custom cabinetry
