Four-Unit Residential
904 Kentucky Street, Alton, TX 78573
For Sale
New
$460,000
The apartment mix includes two- and three-bedroom layouts, each with two bathrooms.
Property Size4,032 SF
Price / SF$114.09
Days on Market3
Property Features for 904 Kentucky Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
gated community
Ceiling Fan(s)
Dryer
Microwave
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Landin Realty
(956) 800-6310
Listed By:
Cynthia Landin · License #0711270
(956) 436-5193
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 5:43PM
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 Landin Realty
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 2022, this Alton residential property contains four apartments. Two units have two bedrooms and two bathrooms, while the other two offer three bedrooms and two bathrooms. Appliances are included in every unit, and the property is within a gated community.
A second fourplex is also available immediately next to this property, creating an option to acquire two adjoining buildings.
A second fourplex is also available immediately next to this property, creating an option to acquire two adjoining buildings.
Key Highlights
- Four apartments: two with 2 bedrooms and 2 bathrooms, and two with 3 bedrooms and 2 bathrooms
- Appliances provided in all four units
- Located within a gated community in Alton, TX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,200
$705.2K
Cap Rate 7%
$503,714
$503.7K
Cap Rate 9%
$391,778
$391.8K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$56.6K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.4K $12.49/SF
− OpEx
−$15.1K −$3.75/SF
NOI
$35.3K $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%
$705,200
Cap Rate 7%
$503,714
Cap Rate 9%
$391,778
Alternative Uses
Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 7.06%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 46.21%
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 - The apartment mix includes two- and three-bedroom layouts, each with two bathrooms.
Where is this quadplex located?
The property is located at 904 Kentucky Street Alton, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Four apartments: two with 2 bedrooms and 2 bathrooms, and two with 3 bedrooms and 2 bathrooms; Appliances provided in all four units; Located within a gated community in Alton, TX
