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1 / 2$1,200,000
10-Unit Multifamily in Alton, TX
TX · listed Jun 23, 2024 (857 days)
Price per unit compared
This property$120K
Within ~40 mi (158)$87K
Texas median (1,029)$100K
- $/unit
- $120,000
- ▲ 20% vs TX · 61st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 10
- 3 bldg · 1974
Financials
- Asking price
- $1,200,000
- Price per unit
- $120,000
- Price per sq ft
- $123
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 10
- Unit mix
- two fourplexes and one duplex
- Buildings
- 3
- Year built
- 1974
- Building size
- 9,726 sq ft
- Avg unit size
- 973 sq ft
- Lot size
- 7.44 acres
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 23, 2024
- Days on market
- 857 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1586
About this property
Prime 7.44-acre tract located near 5 Mile Rd and Stewart Blvd in Alton offering endless investment and development possibilities. Existing improvements include two 4-plexes and one duplex currently leased and occupying only one section of the property. Vast remaining land provides an outstanding opportunity for additional construction, multi-family expansion, or future redevelopment. Ideal opportunity for investors or developers. Explore the possibilities this unique property has to offer!
Land | 7.44 acres
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Mission, TXNew construction | $700K | $117K$117K | — |
 Palmview, TX | $690K | $86K$86K | — |
 Mcallen, TX▼ 19% cutNew construction | $2.4M | $200K$200K | — |
 Mission, TX▼ 1% cutStabilized | $1.08M | $108K$108K | 11.8%gy |
 Alton, TX | $560K | $112K$112K | — |
 Alton, TX | $1.32M | $95K$95K | — |