Fully Leased Four-Unit
2813 E Israel Avenue, Alton, TX 78572
For Sale
$495,000
Residential Income, Alton, TX
Property Size4,032 SF
Lot Size0.26 Acres
Price / SF$122.77
Days on Market138
Property Features for 2813 E Israel Avenue
General Information
Property type
Property subtype
Parking
Parking features
Fencing
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
HOA Fee
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Jenny I. Avellaneda · License #846528321
(956) 250-7556
Added: Jun 22
Changed: Oct 30
Last Checked: Nov 6 at 9:06PM
MLS# 507819
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.
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Investment Insights
Based on property information with market context.
Built in 2024, this brick quadplex contains 4,032 square feet across four separate three-bedroom, two-bath residences. Each unit includes a refrigerator, washer, dryer, smooth electric cooktop, and electric water heater. Central electric heating and central air conditioning serve the property, while privacy fencing and a shingle roof complete the exterior improvements.
The property is in the Sunterra Subdivision in Alton, Hidalgo County, with access to schools, shopping, dining, and everyday amenities. All four units are leased, and the property is reported at a 7.12% cap rate. The 0.2646-acre site has no designated parking features.
The property is in the Sunterra Subdivision in Alton, Hidalgo County, with access to schools, shopping, dining, and everyday amenities. All four units are leased, and the property is reported at a 7.12% cap rate. The 0.2646-acre site has no designated parking features.
Key Highlights
- Four 3‑bedroom, 2‑bath units in a fully leased quadplex
- 4,032 square feet on a 0.2646‑acre site
- Built in 2024 with brick construction and a shingle roof
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.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
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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
$121,900
Median Home Value
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Market
Average Price Trend$/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 - Contemporary multifamily property with four three-bedroom residences, included appliances, and central electric heating and cooling.
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 3‑bedroom, 2‑bath units in a fully leased quadplex; 4,032 square feet on a 0.2646‑acre site; Built in 2024 with brick construction and a shingle roof
