Alton Quadplex in Gated
For Sale
Contact for pricing
1004 W Mahala Avenue, Alton, TX 78573
Four-unit property with tile flooring and quartz countertops.
Property Size1,708 SF
Price / SF$278.10
Days on Market858
Property Features for 1004 W Mahala Avenue
General Information
Standard status
Active
Size
1,708 SF
Property subtype
Multifamily
Building Details
Year Built
2022
Listing Agency:
Keller Williams Realty RGV
(956) 566-8377
Listed By:
Maggie Harris · License #TREC # 0530155
Source:
Crexi
Added: Mar 30, 2024
Changed: Jul 6
Last Checked: Aug 1 at 6:36PM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This multifamily property is a four-unit building located within a gated community in Alton, Texas. The property features tile flooring throughout each unit and quartz countertops. All appliances are included. The property is currently fully leased, presenting an investment opportunity.
Key Highlights
- All units are currently leased, providing immediate rental income
- Located in a gated community, offering enhanced security and privacy
- Built in 2022, indicating modern construction
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 | $24.0k | $14.04 |
| − Vacancy | −$2.6k | −$1.55 |
| EGI | $21.3k | $12.49 |
| − OpEx | −$6.4k | −$3.75 |
| NOI | $14.9k | $8.74 |
1,708 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$213.4K
$186.7K – $248.9K
NOI $14,936 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$196.5K
$171.9K – $229.2K
NOI $13,752 @ 7.0% cap · market cap 2.90%
Theoretical Best
Hotel Hospitality
$1.29M
$1.13M – $1.50M
NOI $90,054 @ 7.0% cap · market cap 18.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with tile flooring and quartz countertops.
Where is this quadplex located?
The property is located at 1004 W Mahala Avenue Alton, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: All units are currently leased, providing immediate rental income; Located in a gated community, offering enhanced security and privacy; Built in 2022, indicating modern construction
