4-Unit
2813 E Israel Avenue, Alton, TX 78572
For Sale
$495,000
Each residence offers three bedrooms, two bathrooms, and included appliances.
Property Size4,032 SF
Price / SF$122.77
Days on Market8
Property Features for 2813 E Israel Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Financials
Cap Rate
Gross Income
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Tile
true
Laundry Closet,Washer/Dryer Connection
HidalgoCAD
Ceiling Fan(s),Dryer,Walk-In Closet(s),Washer
Privacy,Wood
false
Sidewalks
11523.798
8
140 X 82
0.2646
No Garage
Paved
Other
Slab
4032
2
5
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Effective Real Estate
(956) 539-7317
Listed By:
Sergio Guerra
Source:
Cncrealtyrgv
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 2:31PM
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 Effective Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, this 4,032-square-foot residential property contains four three-bedroom, two-bathroom units. Appliances are included in each residence, and interior features include tile, ceiling fans, walk-in closets, and washer/dryer connections. The property is fully occupied and reports a 7.12% cap rate.
The property occupies a 0.2646-acre parcel in the Sunterra Subdivision in Alton, Texas.
The property occupies a 0.2646-acre parcel in the Sunterra Subdivision in Alton, Texas.
Key Highlights
- Four residences, each with 3 bedrooms and 2 bathrooms
- 4,032 square feet; built in 2024
- 0.2646‑acre parcel in Sunterra Subdivision
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
7.12%
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 7.12%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 6.56%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 42.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Market
Average Price Trend$/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 offers three bedrooms, two bathrooms, and included appliances.
Where is this quadplex located?
The property is located at 2813 E Israel Avenue Alton, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Four residences, each with 3 bedrooms and 2 bathrooms; 4,032 square feet; built in 2024; 0.2646‑acre parcel in Sunterra Subdivision
