Fourplex with Granite
514 S Linda Street S, Alton, TX 78573
For Sale
New
$375,000
Four residential units are located within a gated community in Alton, Texas.
Property Size3,584 SF
Price / SF$104.63
Days on Market2
Property Features for 514 S Linda Street S
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
gated community
tile flooring
granite countertops
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Global Realty
(956) 627-3662
Listed By:
Dean Chan
(956) 827-1415
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 5:43PM
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 Global Realty
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.
This 2019-built quadplex contains 3,584 square feet across four units. Each residence has two bedrooms and one and one-half bathrooms, with tile flooring and granite countertops throughout.
The property is situated in a gated community in Alton, Texas.
The property is situated in a gated community in Alton, Texas.
Key Highlights
- Four units, each with 2 bedrooms and 1 and 1/2 baths
- 3,584 square feet of building area
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,342
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,840
$626.8K
Cap Rate 7%
$447,743
$447.7K
Cap Rate 9%
$348,244
$348.2K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$50.3K $14.04/SF
− Vacancy
−$5.5K −$1.55/SF
EGI
$44.8K $12.49/SF
− OpEx
−$13.4K −$3.75/SF
NOI
$31.3K $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%
$626,840
Cap Rate 7%
$447,743
Cap Rate 9%
$348,244
Alternative Uses
Best Use
Multifamily LT 5
$447.7K
$391.8K – $522.4K
NOI $31,342 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$412.2K
$360.7K – $480.9K
NOI $28,856 @ 7.0% cap · market cap 7.69%
Theoretical Best
Hotel Hospitality
$2.70M
$2.36M – $3.15M
NOI $188,966 @ 7.0% cap · market cap 50.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
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 - Four residential units are located within a gated community in Alton, Texas.
Where is this quadplex located?
The property is located at 514 S Linda Street S Alton, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 and 1/2 baths; 3,584 square feet of building area; Built in 2019
