Multifamily Property in La
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233 W 4th Street, La Joya, TX 78560
Two-unit multifamily property with investment and customization potential.
Property Size1,977 SF
Price / SF$91.05
Days on Market672
Property Features for 233 W 4th Street
General Information
Standard status
Active
Size
1,977 SF
Property subtype
Multifamily
Building Details
Year Built
1985
Listing Agency:
Star Realty Group, LLC
Listed By:
Jose Narvaez · License #TX
Source:
Crexi
Added: Sep 28, 2024
Changed: Jul 6
Last Checked: Jul 31 at 9:17AM
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 Star Realty Group, LLC
Investment Insights
Based on property information with market context.
This multifamily property, located in La Joya, features two separate units. The property offers potential for investors or owner-occupants. It is part of a six-unit portfolio.
Key Highlights
- Two separate units offer flexibility for investors or owner‑occupants.
- Part of an exclusive 6‑unit portfolio (MLS#473412) for expansion opportunities.
- Located in a desirable area of La Joya.
Financial Insights For Apartment 5plus
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 | $32.7k | $16.56 |
| − Vacancy | −$3.8k | −$1.92 |
| EGI | $28.9k | $14.64 |
| − OpEx | −$13.0k | −$6.59 |
| NOI | $15.9k | $8.05 |
1,977 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.0K
$216.1K – $288.2K
NOI $17,289 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$227.4K
$199.0K – $265.3K
NOI $15,918 @ 7.0% cap · market cap 8.84%
Theoretical Best
Hotel Hospitality
$1.49M
$1.30M – $1.74M
NOI $104,237 @ 7.0% cap · market cap 57.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 78560, TX
4,815
Population
1,777
Households
2.7
Avg Household Size
32
Median Age
20%
College-Educated
66%
High-School Grad
14.2 sq mi
ZIP Area
339
Density / Sq Mi
$51,739
Median Household Income
$40,971
Median Earnings
$776
Median Rent
$114,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit multifamily property with investment and customization potential.
Where is this duplex located?
The property is located at 233 W 4th Street La Joya, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two separate units offer flexibility for investors or owner‑occupants.; Part of an exclusive 6‑unit portfolio (MLS#473412) for expansion opportunities.; Located in a desirable area of La Joya.
