Duplex with Fenced
705 N Mexico Street, Alton, TX 78573
For Sale
New
$284,000
Both residences include appliances and dedicated parking, with schools, parks, and shopping nearby.
Property Size2,064 SF
Price / SF$137.60
Days on Market6
Property Features for 705 N Mexico Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
fenced yard
Building Details
Year Built
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 2:16PM
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 SANETI REALTY GROUP
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 duplex contains two residences, each arranged with three bedrooms and two bathrooms. Appliances are included in both units, and each has two dedicated parking spaces. A fenced yard serves the property.
Schools, parks, and shopping are located nearby in Alton, Texas.
Schools, parks, and shopping are located nearby in Alton, Texas.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Each unit includes appliances and 2 dedicated parking spaces
- Fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,050
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,000
$361.0K
Cap Rate 7%
$257,857
$257.9K
Cap Rate 9%
$200,556
$200.6K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$29.0K $14.04/SF
− Vacancy
−$3.2K −$1.55/SF
EGI
$25.8K $12.49/SF
− OpEx
−$7.7K −$3.75/SF
NOI
$18.0K $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%
$361,000
Cap Rate 7%
$257,857
Cap Rate 9%
$200,556
Alternative Uses
Best Use
Multifamily LT 5
$257.9K
$225.6K – $300.8K
NOI $18,050 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$237.4K
$207.7K – $277.0K
NOI $16,618 @ 7.0% cap · market cap 5.85%
Theoretical Best
Hotel Hospitality
$1.55M
$1.36M – $1.81M
NOI $108,824 @ 7.0% cap · market cap 38.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
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
$154,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 include appliances and dedicated parking, with schools, parks, and shopping nearby.
Where is this duplex located?
The property is located at 705 N Mexico Street Alton, TX.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Each unit includes appliances and 2 dedicated parking spaces; Fenced yard
