Two-Unit Duplex with Metal
New
For Sale
$215,000
531 Mar Circle, Alamo, TX 78516
Residential Income, Alamo, TX
Property Size2,128 SF
Lot Size0.16 Acres
Price / SF$101.03
Days on Market2
Property Features for 531 Mar Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
None
Exterior features
Mature Trees
Fencing
Chain Link
Appliances
Electric Water Heater, No Conveying Appliances
Subdivision
Tierra Bonita #2
Lot features
Curb & Gutters
Elementary school
Guerra
Middle school
Audie Murphy
High school
PSJA Memorial H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
North on Tower Road, pass Nolana turn left on Mar Cir, the property will on your left hand side
Standard status
Active
APN
T474502000003400
Size
2,128 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4016
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
2016
Number of units
4
Building materials
Stucco
Roof type
Metal
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Vanessa Grimaldo
(956) 537-4238
Added: Oct 22
Last Checked: Oct 23 at 5:06PM
MLS# 518564
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.
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 2016, this 2,128-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. The property has stucco exterior walls, a metal roof, central electric heating, and central air conditioning. Each unit has a new A/C system, and no appliances convey with the sale.
The site measures 0.1608 acres and includes mature trees and chain-link fencing. Parking is not provided.
The site measures 0.1608 acres and includes mature trees and chain-link fencing. Parking is not provided.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,128 square feet of building area on a 0.1608‑acre lot
- Both units are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,609
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,180
$372.2K
Cap Rate 7%
$265,843
$265.8K
Cap Rate 9%
$206,767
$206.8K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$29.9K $14.04/SF
− Vacancy
−$3.3K −$1.55/SF
EGI
$26.6K $12.49/SF
− OpEx
−$8.0K −$3.75/SF
NOI
$18.6K $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%
$372,180
Cap Rate 7%
$265,843
Cap Rate 9%
$206,767
Alternative Uses
Best Use
Multifamily LT 5
$265.8K
$232.6K – $310.2K
NOI $18,609 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$244.8K
$214.2K – $285.6K
NOI $17,134 @ 7.0% cap · market cap 7.97%
Theoretical Best
Hotel Hospitality
$1.60M
$1.40M – $1.87M
NOI $112,199 @ 7.0% cap · market cap 52.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 78516, TX
34,506
Population
12,469
Households
2.8
Avg Household Size
32
Median Age
12%
College-Educated
59%
High-School Grad
37.8 sq mi
ZIP Area
913
Density / Sq Mi
$51,547
Median Household Income
$26,908
Median Earnings
$743
Median Rent
$102,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant-occupied and offer two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 531 Mar Circle Alamo, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,128 square feet of building area on a 0.1608‑acre lot; Both units are tenant‑occupied
