Residential Income Property with
For Sale
$162,000
Apt-2-920 13th UNIT #2 13th St, Alamo, TX 78516
Three-bedroom condo with an open layout and convenient expressway access near shopping, dining, and schools.
Property Size1,140 SF
Price / SF$142.11
Days on Market54
Property Features for Apt-2-920 13th UNIT #2 13th St
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1.00
Listing Agency:
SANETI Realty Group
(956) 833-1850
Listed By:
Elisa Rios
(956) 483-2082
Source:
Exprealty
Added: Aug 31
Changed: Oct 13
Last Checked: Oct 23 at 12:30PM
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
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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 residential income property is a three-bedroom, two-bath condominium with approximately 1,140 square feet of living area. Its open-concept design brings the kitchen, dining area, and living room together in a connected floor plan, while included appliances add to the existing setup.
The property is located less than 2 minutes from the Expressway, with access to shopping, dining, and schools nearby. The condominium’s bedroom and bath count, combined with its connected common areas, provides a clearly defined residential configuration.
The property is located less than 2 minutes from the Expressway, with access to shopping, dining, and schools nearby. The condominium’s bedroom and bath count, combined with its connected common areas, provides a clearly defined residential configuration.
Key Highlights
- Three‑bedroom, two‑bath condominium
- Approximately 1,140 sq. ft. of living space
- Open‑concept 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
563
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 - Three-bedroom condo with an open layout and convenient expressway access near shopping, dining, and schools.
Where is this residential income property located?
The property is located at Apt-2-920 13th UNIT #2 13th St 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; Approximately 1,140 sq. ft. of living space; Open‑concept kitchen, dining, and living areas
