Three-Bedroom Residential Income
For Sale
$162,000
920 13th Street # 3, Alamo, TX 78589
Open-concept living areas connect the kitchen, dining space, and living room, with appliances included.
Property Size1,140 SF
Price / SF$147.27
Days on Market10
Property Features for 920 13th Street # 3
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1.00
Building Details
Building Size
1,140 SF
Year Built
2026
Listing Agency:
SANETI Realty Group
Listed By:
Mayra Millan · License #801071076
(956) 212-7762
Source:
Primeluxuryrealestate
Added: Aug 30
Changed: Aug 31
Last Checked: Sep 8 at 10:30AM
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 SANETI Realty Group
Investment Insights
Based on property information with market context.
This residential income property is a condo with three bedrooms, two bathrooms, and approximately 1,100 square feet of interior space. The floor plan brings the kitchen, dining area, and living room together in one connected central living area. Appliances are included, and the property was built in 2026.
The condo is located at 920 13th Street # 3 in Alamo, Texas, with access to the Expressway in less than two minutes. Shopping, dining, and schools are identified as part of the surrounding access profile.
The condo is located at 920 13th Street # 3 in Alamo, Texas, with access to the Expressway in less than two minutes. Shopping, dining, and schools are identified as part of the surrounding access profile.
Key Highlights
- Three‑bedroom, two‑bath condo
- Approximately 1,100 sq. ft. of interior space
- Open layout linking kitchen, dining, and living areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,857
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$177,140
$177.1K
Cap Rate 7%
$126,529
$126.5K
Cap Rate 9%
$98,411
$98.4K
Market Conditions
NOI Build-Up for 1,100 SF
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.
Gross rent
$18.2K $16.56/SF
− Vacancy
−$2.1K −$1.92/SF
EGI
$16.1K $14.64/SF
− OpEx
−$7.2K −$6.59/SF
NOI
$8.9K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$177,140
Cap Rate 7%
$126,529
Cap Rate 9%
$98,411
Alternative Uses
Best Use
Apartment 5plus
$126.5K
$110.7K – $147.6K
NOI $8,857 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$828.5K
$725.0K – $966.6K
NOI $57,998 @ 7.0% cap · market cap 35.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept living areas connect the kitchen, dining space, and living room, with appliances included.
Where is this residential income property located?
The property is located at 920 13th Street # 3 Alamo, TX.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath condo; Approximately 1,100 sq. ft. of interior space; Open layout linking kitchen, dining, and living areas
