Alton, TX Fourplex Investment
909 N Maryland Street, Alton, TX 78573
Fourplex in gated community with strong investment potential.
Type:Multifamily
Property size:
4,292 SFPrice / SF:
$111/SF- Added:
- May 17, 2024
- Days on Market:
- 747
- Last Refresh:
- May 12 at 9:19 pm
Property Features for 909 N Maryland Street
General Information
- Standard status
- Active
- Size
- 4,292 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing agent Delfino Cervantes
Listing office REIC, LLC
Listing date May 17, 2024
Source Crexi
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 REIC, LLC
HighLights
- Four individual units, each with 3 bedrooms and 2 bathrooms, providing multiple rental income streams.
- Located on a prime corner lot within a gated subdivision in Alton, TX.
- Built in 2022, indicating modern construction.
- Each unit offers 1,073 sq ft of living space.
- Features a secure leasing option near schools and city development.
- Includes an 8‑car carport and complete appliance package.
Overview
This fourplex is located in a gated subdivision in Alton, TX, situated on a corner lot. The property features brick exteriors and yards. Each of the four units includes 3 bedrooms and 2 bathrooms, with 1,073 square feet of living space. The property includes a sprinkler system, five electric meters, one water meter, and an eight-car carport. Appliances are included. The property is located near schools and city development, offering secure leasing options.
Local 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 | $60.3k | $14.04 |
| − Vacancy | −$6.6k | −$1.55 |
| EGI | $53.6k | $12.49 |
| − OpEx | −$16.1k | −$3.75 |
| NOI | $37.5k | $8.74 |
4,292 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$536.2K
$469.2K – $625.6K
NOI $37,533 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$493.7K
$432.0K – $576.0K
NOI $34,557 @ 7.0% cap · market cap 7.21%
Theoretical Best
Hotel Hospitality
$3.23M
$2.83M – $3.77M
NOI $226,296 @ 7.0% cap · market cap 47.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- Alton
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.325
- Latitude
- 26.2156
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex in gated community with strong investment potential.
Where is this quadplex located?
The property is located at 909 N Maryland Street Alton, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Four individual units, each with 3 bedrooms and 2 bathrooms, providing multiple rental income streams.; Located on a prime corner lot within a gated subdivision in Alton, TX.; Built in 2022, indicating modern construction.
