New
For Sale
$199,000
503 Adams Avenue, Alton, TX 78573
Both units are leased, with an existing residential rental setup.
Property Size2,100 SF
Price / SF$94.76
Days on Market3
Property Features for 503 Adams Avenue
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,575
Building Details
Building Size
2,100 SF
Year Built
2006
Buildings
1
Stories
1
Units
2
Listing Agency:
Blue Diamond Realty Group LLC
(956) 467-2120
Listed By:
Denyss Alanis
(956) 212-7547
Source:
Dolcevitargv
Added: Oct 23
Last Checked: Oct 23 at 5:08PM
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 Blue Diamond Realty Group LLC
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Investment Insights
Based on property information with market context.
Built in 2006, this duplex contains two units and is described as a 3-bedroom, 2-bathroom property. Both units are leased. The property is located at 503 Adams Avenue in Alton, Texas.
Key Highlights
- Two units, both leased
- Built in 2006
- Described as a 3‑bedroom, 2‑bathroom duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,908
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,160
$338.2K
Cap Rate 7%
$241,543
$241.5K
Cap Rate 9%
$187,867
$187.9K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$34.8K $16.56/SF
− Vacancy
−$4.0K −$1.92/SF
EGI
$30.7K $14.64/SF
− OpEx
−$13.8K −$6.59/SF
NOI
$16.9K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,160
Cap Rate 7%
$241,543
Cap Rate 9%
$187,867
Alternative Uses
Best Use
Multifamily LT 5
$262.3K
$229.6K – $306.1K
NOI $18,364 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$241.5K
$211.4K – $281.8K
NOI $16,908 @ 7.0% cap · market cap 8.50%
Theoretical Best
Hotel Hospitality
$1.58M
$1.38M – $1.85M
NOI $110,723 @ 7.0% cap · market cap 55.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
305
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased, with an existing residential rental setup.
Where is this duplex located?
The property is located at 503 Adams Avenue Alton, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two units, both leased; Built in 2006; Described as a 3‑bedroom, 2‑bathroom duplex
