Alton, TX Fourplex Investment
For Sale
Contact for pricing
909 N Maryland Street, Alton, TX 78573
Fourplex in gated community with strong investment potential.
Property Size4,292 SF
Price / SF$111.60
Days on Market886
Property Features for 909 N Maryland Street
General Information
Standard status
Active
Size
4,292 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2022
Buildings
2
Units
4
Listing Agency:
Coldwell Banker Commercial Rio Grande Valley
Listed By:
Delfino Cervantes · License #761324
Source:
Crexi
Added: May 17, 2024
Changed: Oct 6
Last Checked: Oct 16 at 6:11AM
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 Coldwell Banker Commercial Rio Grande Valley
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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 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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,533
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,660
$750.7K
Cap Rate 7%
$536,186
$536.2K
Cap Rate 9%
$417,033
$417.0K
Market Conditions
NOI Build-Up for 4,292 SF
Gross rent
$60.3K $14.04/SF
− Vacancy
−$6.6K −$1.55/SF
EGI
$53.6K $12.49/SF
− OpEx
−$16.1K −$3.75/SF
NOI
$37.5K $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%
$750,660
Cap Rate 7%
$536,186
Cap Rate 9%
$417,033
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 authorities.
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Property Analytics
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Current Use
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
Check the figures for this property
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 - 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.
