4-Unit Contemporary
912 W Kohala Avenue, Alton, TX 78573
For Sale
New
$475,000
Built in 2023, the property has three occupied apartments and one vacant unit.
Property Size3,596 SF
Price / SF$132.09
Days on Market6
Property Features for 912 W Kohala Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
in-unit laundry
Building Details
Year Built
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 2:08PM
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 Texus Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,596-square-foot quadplex was built in 2023 and contains four apartments. Each unit offers two bedrooms, two bathrooms, and approximately 899 square feet, with an open-concept layout, granite countertops, custom cabinetry, stainless steel appliances, tile flooring, and an in-unit laundry area. Three apartments are occupied and one is vacant.
The property is in Alton, near schools, shopping, dining, and major thoroughfares.
The property is in Alton, near schools, shopping, dining, and major thoroughfares.
Key Highlights
- Four apartments, each with 2 bedrooms and 2 bathrooms
- Approximately 899 square feet per unit
- 3,596‑square‑foot property built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,447
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,940
$628.9K
Cap Rate 7%
$449,243
$449.2K
Cap Rate 9%
$349,411
$349.4K
Market Conditions
NOI Build-Up for 3,596 SF
Gross rent
$50.5K $14.04/SF
− Vacancy
−$5.6K −$1.55/SF
EGI
$44.9K $12.49/SF
− OpEx
−$13.5K −$3.75/SF
NOI
$31.4K $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%
$628,940
Cap Rate 7%
$449,243
Cap Rate 9%
$349,411
Alternative Uses
Best Use
Multifamily LT 5
$449.2K
$393.1K – $524.1K
NOI $31,447 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$413.6K
$361.9K – $482.6K
NOI $28,953 @ 7.0% cap · market cap 6.10%
Theoretical Best
Hotel Hospitality
$2.71M
$2.37M – $3.16M
NOI $189,599 @ 7.0% cap · market cap 39.92%
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 - Built in 2023, the property has three occupied apartments and one vacant unit.
Where is this quadplex located?
The property is located at 912 W Kohala Avenue 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 apartments, each with 2 bedrooms and 2 bathrooms; Approximately 899 square feet per unit; 3,596‑square‑foot property built in 2023
