New Alton Fourplex For
1308 Yankton Street Alton, TX 78573
For Sale
Contact for pricing
Fourplex built in 2023, fully leased in Alton, Texas.
Property Size4,054 SF
Price / SF$115.69
Days on Market626
Property Features for 1308 Yankton Street
General Information
- Standard status
- Active
- Size
- 4,054 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing Agency:
Imperio Real Estate LLC
Listed By:
Bryanna Hernandez · License #TREC # 0755547
Source:
Crexi
Added: Nov 5, 2024
Changed: Jul 6
Last Checked: Jul 24 at 2:03PM
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 Imperio Real Estate LLC
Investment Insights
Based on property information with market context.
This fourplex, completed in 2023, is located within a new gated multi-family subdivision in Alton, Texas, within the Sharyland Independent School District. The property is situated in a prime location, offering convenient access to schools, restaurants, and shopping. Each unit features a modern, open-concept floor plan with wood-like tile throughout. The kitchens are equipped with custom cabinets, modern quartz countertops, and an island providing ample cabinet space. The units include spacious bedrooms with large closets, with the master bedroom featuring a large bathroom with a frameless glass shower and a large closet. Each unit has its own private fenced backyard. Stainless steel appliances, as well as a washer and dryer, are included. Carports are also included. The property is fully leased and offers an investment opportunity. The property size is 4,054 square feet.
Key Highlights
- Newly Constructed Fourplex (2023) - Modern construction minimizes maintenance.
- Fully Leased - Immediate income generation.
- Gated Community in Prime Location - Enhanced security and desirable location.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.9k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $50.6k | $12.49 |
| − OpEx | −$15.2k | −$3.75 |
| NOI | $35.5k | $8.74 |
4,054 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$506.5K
$443.2K – $590.9K
NOI $35,452 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$466.3K
$408.0K – $544.0K
NOI $32,641 @ 7.0% cap · market cap 6.96%
Theoretical Best
Hotel Hospitality
$3.05M
$2.67M – $3.56M
NOI $213,747 @ 7.0% cap · market cap 45.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fourplex built in 2023, fully leased in Alton, Texas.
Where is this quadplex located?
The property is located at 1308 Yankton Street Alton, TX.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Newly Constructed Fourplex (2023) - Modern construction minimizes maintenance.; Fully Leased - Immediate income generation.; Gated Community in Prime Location - Enhanced security and desirable location.
