2813 E Israel Avenue, Alton, TX 78572
- Added:
- Jun 22, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 24 at 3:06 am
Property Features for 2813 E Israel Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Smooth Electric Cooktop, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- S706500000001200
- Size
- 4,032 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12745
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Jenny I. Avellaneda (956) 250-7556
Listing office Effective Real Estate 2212 Primrose Ave., McAllen, TX (956) 322-8522
Listing date Jun 22, 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
- Fully occupied four‑plex with four 3‑bedroom, 2‑bath units
- Gross annual income of about $53,400 and approximately $35,255 NOI
- Offered at an estimated 7.12% cap rate
- Appliances included in all units: refrigerator, washer, dryer, electric cooktop, electric water heater
- Newer construction with Year Built 2024; brick exterior and shingle roof
- Central air and central electric heating; includes garage parking and privacy fencing
Overview
Located at 2813 E Israel Avenue in Alton, Texas, the property sits within the Sunterra Subdivision. The listing notes easy access to schools, shopping, dining, and everyday amenities.
From an ownership standpoint, this is a turnkey, occupied asset presented with current operating figures of approximately $53,400 in annual gross income and approximately $35,255 in net operating income, along with a stated 7.12% cap rate. For investors and buyers seeking a multi-unit structure with three-bedroom floorplans, this four-unit mix and appliance-included setup may appeal as a straightforward way to maintain rental income from day one, subject to buyer diligence and confirmation of all offered figures.
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
- -98.334691
- Latitude
- 26.280275
