4-Unit Quadplex with
704 S Linda Street, Alton, TX 78573
For Sale
$389,000
Pending
Each residence includes two bedrooms, one and a half baths, and an equipped kitchen with in-unit laundry.
Property Size3,600 SF
Days on Market8
Property Features for 704 S Linda Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
granite countertops
stainless steel stove
refrigerator
side-by-side washer and dryer
Tile
true
Energy Features (Double Pane Windows)
Laundry Closet
HidalgoCAD
Ceiling Fan(s),Dryer,Washer
Privacy,Wood
false
Professional Landscaping,Sidewalks
Public
8275.9644
8
89x105
0.19
Garage Faces Front,No Garage
Paved
Slab
3600
2
1
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Blue Diamond Realty Group LLC
(956) 539-7317
Listed By:
Matt Lopez
Source:
Cncrealtyrgv
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 3:09PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2020, this 3,600-square-foot quadplex contains four residences, each with two bedrooms and 1.5 baths. Kitchens feature granite countertops, stainless steel stoves, and refrigerators; each unit also has a side-by-side washer and dryer. Tile flooring, double-pane windows, and ceiling fans are among the interior features. Eight designated carport spaces serve the property.
The parcel measures 0.19 acres, with dimensions of 89 by 105 feet. The property is located in Stewart Landing Subdivision and is within Sharyland ISD. Sidewalks and professional landscaping are also noted among the exterior features.
The parcel measures 0.19 acres, with dimensions of 89 by 105 feet. The property is located in Stewart Landing Subdivision and is within Sharyland ISD. Sidewalks and professional landscaping are also noted among the exterior features.
Key Highlights
- Four units, each with 2 bedrooms and 1.5 baths
- 3,600 square feet; built in 2020
- Eight designated carport spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,482
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,640
$629.6K
Cap Rate 7%
$449,743
$449.7K
Cap Rate 9%
$349,800
$349.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$50.5K $14.04/SF
− Vacancy
−$5.6K −$1.55/SF
EGI
$45.0K $12.49/SF
− OpEx
−$13.5K −$3.75/SF
NOI
$31.5K $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%
$629,640
Cap Rate 7%
$449,743
Cap Rate 9%
$349,800
Alternative Uses
Best Use
Multifamily LT 5
$449.7K
$393.5K – $524.7K
NOI $31,482 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$414.1K
$362.3K – $483.1K
NOI $28,985 @ 7.0% cap · market cap 7.45%
Theoretical Best
Hotel Hospitality
$2.71M
$2.37M – $3.16M
NOI $189,810 @ 7.0% cap · market cap 48.79%
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 - Each residence includes two bedrooms, one and a half baths, and an equipped kitchen with in-unit laundry.
Where is this quadplex located?
The property is located at 704 S Linda Street Alton, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1.5 baths; 3,600 square feet; built in 2020; Eight designated carport spaces
