Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    601-609 E Ave A Alpine, TX 79830

    View on Map
    Claim this Listing
    New
    For Sale
    $1,199,000

    MULTI_FAMILY - Alpine, TX

    Property size:
    1,064 SF
    Lot size:
    0.83 Acres
    Price / SF:
    $1,126/SF
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 3:06 pm

    Property Features for 601-609 E Ave A

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    13
    Bathrooms
    4
    Rooms
    Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 8, Bedroom 10, Bedroom 4, Bedroom 1, Bedroom 11, Bedroom 9, Bedroom 12, Bedroom 7, Bedroom 13, Bathroom 2
    Parking features
    Carport
    Fencing
    Fenced
    Standard status
    Active
    APN
    multiple
    Size
    1,064 SF
    Lot size
    0.83 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2017
    Floors in Building
    1
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Suzanne Hall

    Listing agent Suzanne Hall License #0773728

    Listing office Legacy Broker Group 710 E Blanco Road, Boerne, TX

    Listing date May 7, 2026

    MLS# 163011 Listing URL

    Copyright © 2026 Odessa Board 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.

    HighLights

    • Multi‑family property (5 units) ideal for investors.
    • Located in a highly desirable neighborhood within walking distance to Sul Ross State University and downtown Alpine.
    • Five houses: four 3‑bedroom/2‑bath homes and one 1‑bedroom/1‑bath home.
    • Almost an acre of nicely landscaped land.
    • Built in 2017.
    • Homes can be priced and sold separately.

    Overview

    Multifamily Property Near Sul Ross

    This multifamily property features five units on approximately 0.83 acres of landscaped land. Located in a desirable neighborhood, it is within walking distance of Sul Ross State University and downtown Alpine. The property includes four 3-bedroom, 2-bath homes and one 1-bedroom, 1-bath home. The total property size is 1064 square feet. A water well is located on the property. The homes can be priced and sold separately, presenting a potential investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alpine
    County
    Brewster
    State
    Texas
    Longitude
    -103.658353
    Latitude
    30.3636864

    Nearby Similar for Sale

    • $569,000
      4,332 SF

      Alpine Commercial Property with Retail

      Commercial property featuring retail space, shop area, and food truck hookups.
      301 E Holland Avenue, Alpine, TX 79830
      View Details
    • $385,000
      2,612 SF

      Alpine Office Building For Sale

      Investment opportunity with long-term tenant in prime Alpine location.
      205 N Cockrell St, Alpine, TX 79830
      View Details
    • $390,000
      2,280 SF

      Versatile Commercial Property on 1.24 Acres

      2,280 sq ft building suitable for residential or commercial use.
      2707 W Highway 90, Alpine, TX 79830
      View Details
    • $319,000
      3,000 SF

      Commercial Property on Holland Avenue

      Spacious commercial property with offices, conference room, and parking.
      712 Holland Avenue, Alpine, TX 79830
      View Details
    • $1,800,000
      4,900 SF

      Alpine, TX Commercial Opportunity

      Successful convenience store with outdoor lounge, event space, and EV charging.
      300 S Cockrell St, Alpine, TX 79830
      View Details
    • $359,000
      2,153 SF

      Alpine Multifamily Investment Opportunity

      Two rental properties on a corner lot, generating $3000/month.
      1002 N 10th St, Alpine, TX 79830
      View Details
    • $395,000
      901 SF

      Alpine Landmark with Development Potential

      Beloved Alpine landmark with ample parking and room to grow.
      412 E Holland Avenue, Alpine, TX 79830
      View Details
    • $525,000
      3,473 SF

      Commercial Property with Warehouse in Alpine

      Well-maintained commercial building with warehouse space, ideal for various uses.
      2160 N Hwy 118, Alpine, TX 79830
      View Details
    • $339,000
      4,185 SF

      Downtown Alpine Mixed-Use Property

      Renovated mixed-use property in historic downtown Alpine, Texas.
      114-116 N 5th, Alpine, TX 79830
      View Details
    • $395,000
      2,098 SF

      Commercial Duplex Plus Rentals

      Commercial duplex with two additional rentals on a corner lot.
      702 N 5th, Alpine, TX 79830
      View Details
    • $234,500
      3,656 SF

      Income Property in Alpine, TX

      Four-unit income property with long-term tenants in central Alpine.
      805 E Holland Avenue, Alpine, TX 79830
      View Details
    • $225,000

      West Texas RV Ready Land

      11.12 acres with RV hookups near Big Bend.
      261 Terlingua Ranch Rd, Alpine, TX 79830
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property near Sul Ross State University.
    Where is this apartment building located?
    The property is located at 601-609 E Ave A Alpine, TX.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Multi‑family property (5 units) ideal for investors.; Located in a highly desirable neighborhood within walking distance to Sul Ross State University and downtown Alpine.; Five houses: four 3‑bedroom/2‑bath homes and one 1‑bedroom/1‑bath home.
    (361) 648-2898
    We can help!
    Listing Contact
    Suzanne Hall
    Real Estate License ID: 0773728
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    601-609 E Ave A, Alpine, TX 79830
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!