Alton, Texas Fourplex
912 Kentucky Street, Alton, TX 78573
- Added:
- Jan 8, 2026
- Days on Market:
- 128
- Last Refresh:
- May 16 at 8:06 pm
Property Features for 912 Kentucky Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Patio and Porch features
- Patio
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Water Heater (Laundry Room), Dryer, Microwave, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- S765700000004800
- Size
- 4,032 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14384
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Oscar Arambula (956) 457-1748
Listing office Top Tier Real Estate Group LLC P.O. Box 553 Suite A, McAllen, TX (956) 207-0301
Listing date Jan 8, 2026
MLS# 491562
Listing URL
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.
HighLights
- All units are currently leased, providing immediate rental income.
- Located in a new gated subdivision in Alton, Texas.
- Fourplex with a mix of 2‑bedroom/2‑bath and 3‑bedroom/2‑bath units.
- Modern open concept floor plan with wood‑like tile, granite countertops, and stainless steel appliances.
- Each unit has a private fenced backyard, and the property is situated on one of the larger lots in the subdivision.
- Each unit includes a washer/dryer and 8 carport spaces are available.
Overview
This fourplex is located within a new gated subdivision in Alton, Texas, situated on one of the larger lots in the subdivision. The property features a modern, open-concept floor plan with wood-like tile throughout. Two of the units offer two bedrooms and two bathrooms, while the other two units provide three bedrooms and two bathrooms. Each unit includes a private, fenced backyard. The kitchens are equipped with modern custom cabinets and granite countertops. The bedrooms are spacious and feature large closets. All units are equipped with a washer and dryer, as well as stainless steel appliances. Carport spaces are available for eight vehicles. Tenants are responsible for cable, internet, and electricity expenses. The property represents a great investment opportunity, with all units currently leased. The rent for the 3-bedroom/2-bathroom units is $1200, and the rent for the 2-bedroom/2-bathroom units is $1050. The property size is 4,032 square feet and the lot size is 0.2904 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$391.8K
NOI $35,260 @ 9.00% cap · cautious / downside scenario
Moderate
$503.7K
NOI $35,260 @ 7.00% cap · market / base-case scenario
Aggressive
$705.2K
NOI $35,260 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.6k | $14.04 |
| − Vacancy | −$6.2k | −$1.55 |
| EGI | $50.4k | $12.49 |
| − OpEx | −$15.1k | −$3.75 |
| NOI | $35.3k | $8.74 |
4,032 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- Alton
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.321332
- Latitude
- 26.296374
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex in gated community, fully leased, great investment opportunity.
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: All units are currently leased, providing immediate rental income.; Located in a new gated subdivision in Alton, Texas.; Fourplex with a mix of 2‑bedroom/2‑bath and 3‑bedroom/2‑bath units.
