2-Unit Brick
619 W Oak Street, Alton, TX 78573
For Sale
New
$190,000
Both residences are leased and include appliances, covered parking, and alley access.
Property Size1,785 SF
Price / SF$106.44
Days on Market6
Property Features for 619 W Oak Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 2:01PM
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 Texus Realty
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Investment Insights
Based on property information with market context.
Built in 2005, this brick duplex contains two residences, each with two bedrooms and one bathroom. Both units are leased and include appliances. The property also has a fenced yard, and each residence has two covered parking spaces with access to an alley.
The duplex is in Alton, near Conway and a range of restaurants and other establishments. The yard offers room for additional features or expansion, as described in the property information.
The duplex is in Alton, near Conway and a range of restaurants and other establishments. The yard offers room for additional features or expansion, as described in the property information.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Both units are leased and appliances are included
- Each unit has 2 covered parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,610
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,200
$312.2K
Cap Rate 7%
$223,000
$223.0K
Cap Rate 9%
$173,444
$173.4K
Market Conditions
NOI Build-Up for 1,785 SF
Gross rent
$25.1K $14.04/SF
− Vacancy
−$2.8K −$1.55/SF
EGI
$22.3K $12.49/SF
− OpEx
−$6.7K −$3.75/SF
NOI
$15.6K $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%
$312,200
Cap Rate 7%
$223,000
Cap Rate 9%
$173,444
Alternative Uses
Best Use
Multifamily LT 5
$223.0K
$195.1K – $260.2K
NOI $15,610 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$205.3K
$179.7K – $239.5K
NOI $14,372 @ 7.0% cap · market cap 7.56%
Theoretical Best
Hotel Hospitality
$1.34M
$1.18M – $1.57M
NOI $94,114 @ 7.0% cap · market cap 49.53%
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
Multi-tenant
Tenancy
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
$154,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Hidalgo County, TX
Properties on Market for Duplexes in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and include appliances, covered parking, and alley access.
Where is this duplex located?
The property is located at 619 W Oak Street Alton, TX.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Both units are leased and appliances are included; Each unit has 2 covered parking spaces
