Three-Bedroom Residential Income
For Sale
Contact for pricing
920 13th UNIT #2 Alamo, Alamo, TX 78516
Condominium residence with an open kitchen, dining, and living arrangement near the Expressway.
Property Size1,140 SF
Price / SF$142.11
Days on Market59
Property Features for 920 13th UNIT #2 Alamo
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Multifamily
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Listing Agency:
SANETI Realty Group
Listed By:
Claudia Hortencia Perez Maldonado · License #801071291
(956) 332-0777
Source:
Crexi
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 28 at 8:47AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a condominium residence with three bedrooms, two bathrooms, and approximately 1,140 square feet of living area. Its open-plan design brings the kitchen, dining space, and living room together, creating a connected interior layout. Appliances are included with the property.
The residence is positioned less than two minutes from the Expressway, with shopping, dining, and schools identified nearby. The combination of bedroom count, two-bath configuration, included appliances, and accessible setting provides a practical residential layout for ownership or occupancy.
The residence is positioned less than two minutes from the Expressway, with shopping, dining, and schools identified nearby. The combination of bedroom count, two-bath configuration, included appliances, and accessible setting provides a practical residential layout for ownership or occupancy.
Key Highlights
- Three‑bedroom, two‑bath condominium residence
- Approximately 1,140 sq. ft. of living space
- Open layout linking kitchen, dining, and living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,179
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,580
$183.6K
Cap Rate 7%
$131,129
$131.1K
Cap Rate 9%
$101,989
$102.0K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$18.9K $16.56/SF
− Vacancy
−$2.2K −$1.92/SF
EGI
$16.7K $14.64/SF
− OpEx
−$7.5K −$6.59/SF
NOI
$9.2K $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 Rate 5%
$183,580
Cap Rate 7%
$131,129
Cap Rate 9%
$101,989
Alternative Uses
Best Use
Apartment 5plus
$131.1K
$114.7K – $153.0K
NOI $9,179 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$858.7K
$751.3K – $1.00M
NOI $60,107 @ 7.0% cap · market cap 37.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
113
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
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with an open kitchen, dining, and living arrangement near the Expressway.
Where is this residential income property located?
The property is located at 920 13th UNIT #2 Alamo 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 condominium residence; Approximately 1,140 sq. ft. of living space; Open layout linking kitchen, dining, and living areas
