New Alamo Fourplex Investment
For Sale
$475,000
916 13th, Alamo, TX 78516
New construction fourplex with modern finishes in Alamo, Texas.
Property Size3,789 SF
Price / SF$125.36
Days on Market215
Property Features for 916 13th
General Information
Standard status
Active
Size
3,789 SF
Property subtype
Multi-Family
Building Details
Year Built
2025
Listing Agency:
Living In South Texas Realty
Listed By:
Ayleen Reyes · License #789534682
(956) 293-7085
Source:
Tnt
Added: Mar 26
Changed: Oct 9
Last Checked: Oct 23 at 4:12AM
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 Living In South Texas 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 is a new construction fourplex located in Alamo, Texas. The property is ideally located off the main road, providing quick access to the freeway. Each unit features modern finishes, spacious layouts, and energy-efficient features. The property is suitable for investors looking to expand their portfolio or for house hacking, allowing owners to live in one unit while renting out the others. The property size is 3789 square feet.
Key Highlights
- New construction fourplex (built in 2025) offers modern living and minimal maintenance.
- Ideal location off the main road with quick freeway access.
- Each unit features spacious layouts and modern finishes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,135
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,700
$662.7K
Cap Rate 7%
$473,357
$473.4K
Cap Rate 9%
$368,167
$368.2K
Market Conditions
NOI Build-Up for 3,789 SF
Gross rent
$53.2K $14.04/SF
− Vacancy
−$5.9K −$1.55/SF
EGI
$47.3K $12.49/SF
− OpEx
−$14.2K −$3.75/SF
NOI
$33.1K $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%
$662,700
Cap Rate 7%
$473,357
Cap Rate 9%
$368,167
Alternative Uses
Best Use
Multifamily LT 5
$473.4K
$414.2K – $552.3K
NOI $33,135 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$435.8K
$381.3K – $508.5K
NOI $30,507 @ 7.0% cap · market cap 6.42%
Theoretical Best
Hotel Hospitality
$2.85M
$2.50M – $3.33M
NOI $199,775 @ 7.0% cap · market cap 42.06%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 78516, TX
34,506
Population
12,469
Households
2.8
Avg Household Size
32
Median Age
12%
College-Educated
59%
High-School Grad
37.8 sq mi
ZIP Area
913
Density / Sq Mi
$51,547
Median Household Income
$26,908
Median Earnings
$743
Median Rent
$102,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - New construction fourplex with modern finishes in Alamo, Texas.
Where is this quadplex located?
The property is located at 916 13th Alamo, 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: New construction fourplex (built in 2025) offers modern living and minimal maintenance.; Ideal location off the main road with quick freeway access.; Each unit features spacious layouts and modern finishes.
