2613 E Israel Avenue, Alton, TX 78573
- Added:
- Jul 1, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 4 at 3:06 pm
Property Features for 2613 E Israel Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Other
- Appliances
- Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- S706500000000600
- Size
- 4,032 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11712
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Gloria Gracia (956) 655-0551
Listing office STX Real Estate Group 4129 N 22nd St Ste 1 Ste 101 - B, McAllen, TX (956) 400-9697
Listing date Jul 1, 2026
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.
HighLights
- Built in 2024 brick fourplex with 4 units
- Each unit features an open‑concept layout with 3 bedrooms and 2 bathrooms
- Kitchen appliances included: refrigerator, stove/range, microwave
- In‑unit laundry included with washer and dryer
- Central air with electric heating; electric water heater
- Public water and shingle roof
Overview
The property is located in the Sunterra Subdivision in Alton, Texas, on E Israel Avenue. It sits in a developing area described as being near schools and main roads, with convenient access to established thoroughfares.
For tenants or owners seeking a recently constructed residential income property, this configuration provides consistent unit layouts across four homes. The inclusion of appliances and in-unit washer and dryer can simplify move-ins and reduce immediate start-up needs. With low-maintenance, turnkey conditions described for the property, it may fit well for buyers looking for a ready-to-operate small multifamily asset.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.6k | $14.04 |
| − Vacancy | −$6.2k | −$1.55 |
| EGI | $50.4k | $12.49 |
| − OpEx | −$15.1k | −$3.75 |
| NOI | $35.3k | $8.74 |
Alternative Uses
Current Use by Public Records
Map
- City
- Alton
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.289854
- Latitude
- 26.274417
