Fourplex with Contemporary
2908 E Israel Avenue, Alton, TX 78573
For Sale
New
$530,000
All four units are leased, with three-bedroom, two-bath layouts and quartz countertops.
Property Size4,408 SF
Price / SF$120.24
Days on Market6
Property Features for 2908 E Israel Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 3:09PM
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 SANETI REALTY GROUP
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 2024, this 4,408-square-foot fourplex contains four units, each arranged with three bedrooms and two bathrooms. Interiors include open layouts, natural light, quartz countertops, custom cabinetry, and Samsung appliances. The property is fully leased and is located at 2908 E Israel Avenue in Alton, Texas.
Key Highlights
- Four units, each with a three‑bedroom, two‑bathroom layout
- 4,408 square feet; built in 2024
- Fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,548
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,960
$771.0K
Cap Rate 7%
$550,686
$550.7K
Cap Rate 9%
$428,311
$428.3K
Market Conditions
NOI Build-Up for 4,408 SF
Gross rent
$61.9K $14.04/SF
− Vacancy
−$6.8K −$1.55/SF
EGI
$55.1K $12.49/SF
− OpEx
−$16.5K −$3.75/SF
NOI
$38.5K $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%
$770,960
Cap Rate 7%
$550,686
Cap Rate 9%
$428,311
Alternative Uses
Best Use
Multifamily LT 5
$550.7K
$481.9K – $642.5K
NOI $38,548 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$507.0K
$443.6K – $591.5K
NOI $35,491 @ 7.0% cap · market cap 6.70%
Theoretical Best
Hotel Hospitality
$3.32M
$2.91M – $3.87M
NOI $232,412 @ 7.0% cap · market cap 43.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
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 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 - All four units are leased, with three-bedroom, two-bath layouts and quartz countertops.
Where is this quadplex located?
The property is located at 2908 E Israel Avenue Alton, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Four units, each with a three‑bedroom, two‑bathroom layout; 4,408 square feet; built in 2024; Fully leased
