429 Palo Alto, Von Ormy, TX 78073
MULTI_FAMILY - Von Ormy, TX
- Added:
- Jun 13, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 15 at 3:06 am
Property Features for 429 Palo Alto
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,872 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5386
Building Details
- Year built
- 2021
Listing agent Robyn Franklin (210) 581-9050
Listing office JB Goodwin, REALTORS 607 E Sonterra Blvd. Ste # 108, San Antonio, TX (210) 581-9050
Listing date Jun 13, 2026
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four casitas on nearly 3/4 acre corner lot offer investment potential or multi‑generational living.
- Gated property provides extra security and peace of mind.
- Three finished casitas are recently updated and include a washer, dryer, and fridge.
- Fourth casita is ready to be finished to the buyer's specifications.
- Convenient location near Toyota Manufacturing Plant, Texas A&M San Antonio, major highways, and University Health Palo Alto Hospital (under construction).
- Built in 2021.
Overview
The property is located at 429 Palo Alto in Von Ormy, Texas (78073). The seller describes it as conveniently positioned near major highways and within close proximity to employment and education anchors including the Toyota Manufacturing Plant and Texas A&M San Antonio. The remarks also note University Health Palo Alto Hospital as being under construction nearby.
For buyers seeking a multi-generational living arrangement or an income-focused structure, the four-casita configuration provides separate, individual living spaces under one gated property. The combination of move-in-ready casitas with an additional casita that is still to be finished can appeal to owner-occupants and investors looking for flexibility within a single asset.
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 | $46.5k | $16.20 |
| − Vacancy | −$3.3k | −$1.15 |
| EGI | $43.2k | $15.05 |
| − OpEx | −$13.0k | −$4.51 |
| NOI | $30.2k | $10.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Von Ormy
- County
- Bexar
- State
- Texas
- Longitude
- -98.6176
- Latitude
- 29.2405
