Fourplex with Private Fenced
912 Kentucky Street, Alton, TX 78573
For Sale
$475,000
The 2022 property offers a mix of two- and three-bedroom layouts, with washer/dryers and stainless steel appliances in every unit.
Property Size4,032 SF
Price / SF$117.81
Days on Market19
Property Features for 912 Kentucky Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer
stainless steel appliances
private fenced backyards
custom cabinets
granite counter tops
wood like tile
big closets
Ceiling Fan(s)
Dryer
Washer
Sprinkler System
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Top Tier Real Estate Group LLC
(956) 207-0301
Listed By:
Oscar Arambula
(956) 457-1748
Source:
Culturare
Added: Oct 19
Changed: Nov 6
Last Checked: Nov 6 at 2:54PM
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 Top Tier Real Estate Group LLC
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 four-unit property contains 4,032 square feet and is located within a gated subdivision in Alton. Two apartments have two bedrooms and two bathrooms, while the other two provide three bedrooms and two bathrooms. Each unit includes wood-look tile, custom kitchen cabinetry, granite countertops, spacious bedrooms with large closets, and a private fenced backyard. Washer/dryers and stainless steel appliances are provided in all four units.
The property occupies one of the subdivision’s larger lots, allowing for larger backyard areas, and includes eight carport spaces. All units are currently leased. Tenants pay for cable, internet, and electricity.
The property occupies one of the subdivision’s larger lots, allowing for larger backyard areas, and includes eight carport spaces. All units are currently leased. Tenants pay for cable, internet, and electricity.
Key Highlights
- Four units: two 2‑bedroom/2‑bath and two 3‑bedroom/2‑bath layouts
- 4,032 square feet; built in 2022
- Gated subdivision in Alton, Texas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
7.42%
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 7.42%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 6.83%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 44.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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 2022 property offers a mix of two- and three-bedroom layouts, with washer/dryers and stainless steel appliances in every unit.
Where is this quadplex located?
The property is located at 912 Kentucky 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: Four units: two 2‑bedroom/2‑bath and two 3‑bedroom/2‑bath layouts; 4,032 square feet; built in 2022; Gated subdivision in Alton, Texas
