Newly Built Four-Unit
849 Deluxe Street Alamo, TX 78589
New
849 Deluxe Street, Alamo, TX, 78589
$525,000
For Sale
$525,000
MULTI_FAMILY - Alamo, TX
Property Size5,179 SF
Lot Size0.38 Acres
Price / SF$101.37
Days on Market5
Property Features for 849 Deluxe Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Parking
- 8
- Parking features
- Other
- Patio and Porch features
- Patio
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- H196300000001000
- Size
- 5,179 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Composition
Listing agency
SANETI Realty Group
(956) 833-1850
Listed by
Claudia Hortencia Perez Maldonado
(956) 332-0777
Added: Jul 18 Checked: Jul 22 at 10:06AM
MLS# 492005
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.
Investment Insights
Based on property information with market context.
This newly built quadplex offers four fully leased apartment units, each configured as a 3-bedroom, 2-bath home. Interiors feature tile flooring throughout, quartz countertops, stylish fixtures, and each unit includes kitchen appliances. Exterior improvements include modern stucco finishes, with metal carports provided for the units.
The property is located in Alamo, Texas, in Hidalgo County, on Deluxe Street. The public remarks note convenient access to Expressway 83 and proximity to schools, restaurants, and shopping.
With all four units currently leased, the building provides a straightforward four-unit rental setup designed around consistent unit finishes and modern in-unit amenities.
The property is located in Alamo, Texas, in Hidalgo County, on Deluxe Street. The public remarks note convenient access to Expressway 83 and proximity to schools, restaurants, and shopping.
With all four units currently leased, the building provides a straightforward four-unit rental setup designed around consistent unit finishes and modern in-unit amenities.
Key Highlights
- Fully leased units provide immediate rental income.
- Brand‑new construction (2024) minimizes maintenance concerns.
- Four spacious 3‑bedroom, 2‑bath units offer desirable living spaces.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.7k | $14.04 |
| − Vacancy | −$8.0k | −$1.55 |
| EGI | $64.7k | $12.49 |
| − OpEx | −$19.4k | −$3.75 |
| NOI | $45.3k | $8.74 |
5,179 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$647.0K
$566.1K – $754.8K
NOI $45,290 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$595.7K
$521.2K – $695.0K
NOI $41,699 @ 7.0% cap · market cap 7.94%
Theoretical Best
Hotel Hospitality
$3.90M
$3.41M – $4.55M
NOI $273,063 @ 7.0% cap · market cap 52.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Brand-new fully leased quadplex with four 3-bedroom, 2-bath units featuring tile floors, quartz countertops, and metal carports.
Where is this quadplex located?
The property is located at 849 Deluxe Street Alamo, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully leased units provide immediate rental income.; Brand‑new construction (2024) minimizes maintenance concerns.; **Four spacious 3‑bedroom, 2‑bath units offer desirable living spaces.**
