About This Home

This 0-bedroom, 0-bathroom multi-family at 2813 E Israel Avenue in Alton, TX is listed for $495,000 ($123 per sqft). Built in 2024, the home offers 4,032 sqft of living space on a 0.26 acres lot.

Key Features

  • Built in 2024
  • 0.26 acre lot
  • 8 parking spaces

Property Details

1 story
8 spaces
2024

Amenities

A/C
Listing Description

Don't miss this fully occupied, income-producing four-plex located in the desirable Sunterra Subdivision. Generating approximately $53,400 in annual gross income with a current Net Operating Income (NOI) of approximately $35,255, this property is offered at an attractive 7.12% cap rate.

3 bedrooms and 2 bathrooms with functional layouts designed to attract and retain quality tenants. All units include appliances, providing added convenience and value. Located in a growing area with easy access to schools, shopping, dining, and everyday amenities, this property benefits from strong rental demand and excellent long-term investment potential.

Property Highlights: Fully leased four-plex Four 3-bedroom, 2-bath units Gross Annual Income: $53,400 NOI: Approximately $35,255 Cap Rate: 7.12% Appliances included Strong rental history Prime Sunterra Subdivision location Immediate cash-flow opportunity Start generating income from day one-schedule your showing today!

Monthly Cost Estimate

$3,147/mo

20% down · 6.5% · 30 years

Principal$358
Interest$2,145
Insurance$144
HOA$500

Estimates only. Actual payments may vary.

Location

2813 E Israel Avenue

Alton, TX 78572

Sunterra Estates

Property Details

Construction

Brick

Parking

None

Heating

Electric (Heating)Central

Cooling

ElectricCentral Air

Appliances

Electric Water HeaterSmooth Electric CooktopDryerRefrigeratorWasher

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 2813 E Israel Avenue is listed at $495,000 ($123/sqft). The estimated monthly payment is $3,147 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $500/month.

Key features include: Built in 2024, 0.26 acre lot, 8 parking spaces.

This property is listed by Jenny I. Avellaneda.

JA

Jenny I. Avellaneda

Agent at Effective Real Estate, LLC

Listed by Effective Real Estate, LLC · Broker phone: (512) 749-3897 · View on Broker Site · Broker website

MLS# 507819· Source: Greater McAllen Association of Realtors· 7 days on PropertySimple

Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2813 E Israel Avenue, Alton, TX 78572

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