Alton Fourplex Investment
1428 W Harrison Avenue Alton, TX 78573
1428 W Harrison Avenue, Alton, TX, 78573
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For Sale
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Fourplex in Alton, Texas, offering income-generating potential.
Property Size3,786 SF
Price / SF$109.61
Days on Market921
Property Features for 1428 W Harrison Avenue
General Information
- Standard status
- Active
- Size
- 3,786 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2021
Listing Agency
Element Realty, LLC
Listed by
Allyza Trevino
Source
Crexi
Added: Jan 9, 2024 Checked: Jul 15 at 9:02 am
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 Element Realty, LLC
Investment Insights
Based on property information with market context.
This fourplex in Alton, Texas, presents an investment opportunity. The property is situated on a corner lot and features well-maintained apartments. Currently, one unit, apartment 3, is vacant and has two bedrooms. The property size is 3786 square feet.
Key Highlights
- Prime investment opportunity in Alton
- Income‑generating fourplex
- Located on a corner lot
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 | $53.2k | $14.04 |
| − Vacancy | −$5.9k | −$1.55 |
| EGI | $47.3k | $12.49 |
| − OpEx | −$14.2k | −$3.75 |
| NOI | $33.1k | $8.74 |
3,786 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$473.0K
$413.9K – $551.8K
NOI $33,108 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$435.5K
$381.0K – $508.1K
NOI $30,483 @ 7.0% cap · market cap 7.35%
Theoretical Best
Hotel Hospitality
$2.85M
$2.50M – $3.33M
NOI $199,617 @ 7.0% cap · market cap 48.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex in Alton, Texas, offering income-generating potential.
Where is this quadplex located?
The property is located at 1428 W Harrison Avenue Alton, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Prime investment opportunity in Alton; Income‑generating fourplex; Located on a corner lot
