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New Alton 4-Plex Investment

901 N Maryland Street, Alton, TX 78573

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For Sale

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New 4-plex in Alton, TX, built in 2023.

Type:Multifamily

Property size:

4,244 SF

Price / SF:

$111/SF

HighLights

Newly constructed in 2023: Modern property, minimal maintenance concerns.
Four units, three currently leased: Immediate rental income stream.
Each unit features 3 bedrooms, 2 baths: Desirable layout for renters.
Granite countertops and tile flooring: High‑quality finishes.
Private backyard areas: Enhanced tenant appeal.
Two covered parking spaces per unit: Added convenience for tenants.

We can help!

Listing Contact

Myra Caridad Garcia

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For Sale

Contact for pricing

New 4-plex in Alton, TX, built in 2023.

Type:Multifamily

Property size:

4,244 SF

Price / SF:

$111/SF

Added:: Sep 18, 2024
Days on Market:: 642
Last Refresh:: May 12 at 10:01 pm

Property Features for 901 N Maryland Street

General Information

Standard status: Active
Size: 4,244 SF
Property subtype: Multifamily

Building Details

Year Built: 2023

We can help!

Listing Contact

Myra Caridad Garcia

Listing agent Myra Caridad Garcia License #719556

Listing office The Agency Austin, LLC

Listing date Sep 18, 2024

Source Crexi

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 The Agency Austin, LLC

HighLights

Newly constructed in 2023: Modern property, minimal maintenance concerns.
Four units, three currently leased: Immediate rental income stream.
Each unit features 3 bedrooms, 2 baths: Desirable layout for renters.
Granite countertops and tile flooring: High‑quality finishes.
Private backyard areas: Enhanced tenant appeal.
Two covered parking spaces per unit: Added convenience for tenants.

Overview

This newly constructed 4-plex, built in 2023, presents an investment opportunity in Alton, TX. The property contains four units, three of which are currently leased. Each unit features 3 bedrooms and 2 baths, along with granite countertops and tile flooring. Each unit also includes a private backyard area and two covered parking spaces. The property is located near restaurants, shopping, and schools. The property size is 4,244 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$59.6k	$14.04
− Vacancy	−$6.6k	−$1.55
EGI	$53.0k	$12.49
− OpEx	−$15.9k	−$3.75
NOI	$37.1k	$8.74

4,244 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$530.2K

$463.9K – $618.6K (±1% cap)

NOI $37,114 @ 7.0% cap · market cap 7.81%

Second Best

Apartment 5plus

$488.1K

$427.1K – $569.5K (±1% cap)

NOI $34,170 @ 7.0% cap · market cap 7.19%

Theoretical Best

Hotel Hospitality

$3.20M

$2.80M – $3.73M (±1% cap)

NOI $223,765 @ 7.0% cap · market cap 47.11%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Quadplexes

Map

City: Alton
County: Hidalgo
State: Texas
Longitude: -98.325
Latitude: 26.2156

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For sale
Quadplexes
TX
Alton
78573
901 N Maryland Street

What type of property is this?

Quadplex - New 4-plex in Alton, TX, built in 2023.

Where is this quadplex located?

The property is located at 901 N Maryland Street Alton, TX.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Newly constructed in 2023: Modern property, minimal maintenance concerns.; Four units, three currently leased: Immediate rental income stream.; Each unit features 3 bedrooms, 2 baths: Desirable layout for renters.