5-Unit Apartment
2809 E Hayes Avenue, Alton, TX 78573
For Sale
New
$565,000
The unit mix includes three 3-bedroom homes and two 2-bedroom homes, each with two bathrooms.
Property Size5,149 SF
Price / SF$109.73
Days on Market6
Property Features for 2809 E Hayes Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Building Details
Year Built
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 3:01PM
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.
Built in 2025, this Alton apartment property contains five units. Three units have three bedrooms and two bathrooms, while the remaining two each have two bedrooms and two bathrooms. The configuration offers a mix of two- and three-bedroom residences within one multifamily asset.
Key Highlights
- Five‑unit apartment property built in 2025
- Three 3‑bedroom, 2‑bath units
- Two 2‑bedroom, 2‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,457
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,140
$829.1K
Cap Rate 7%
$592,243
$592.2K
Cap Rate 9%
$460,633
$460.6K
Market Conditions
NOI Build-Up for 5,149 SF
Gross rent
$85.3K $16.56/SF
− Vacancy
−$9.9K −$1.92/SF
EGI
$75.4K $14.64/SF
− OpEx
−$33.9K −$6.59/SF
NOI
$41.5K $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%
$829,140
Cap Rate 7%
$592,243
Cap Rate 9%
$460,633
Alternative Uses
Best Use
Apartment 5plus
$592.2K
$518.2K – $691.0K
NOI $41,457 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.88M
$3.39M – $4.52M
NOI $271,481 @ 7.0% cap · market cap 48.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Yes
Paved road access
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 Apartment buildings in Hidalgo County, TX
Properties on Market for Apartment buildings in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix includes three 3-bedroom homes and two 2-bedroom homes, each with two bathrooms.
Where is this apartment building located?
The property is located at 2809 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: Five‑unit apartment property built in 2025; Three 3‑bedroom, 2‑bath units; Two 2‑bedroom, 2‑bath units
