2508 E Harrison Ave · Alton, TX 78573

$469,000

None bd · None ba · 4,052 sqft · MultiFamily · 189 Days on market

Built 2025 Good condition 9,739 sqft lot $116/sqft · 9% below area Est $516k · 9% under $21/mo HOA · 2% of rent

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.6/30.0
• ARV discount +11.6/15.0
• Appreciation +10.0/10.0
• DSCR +5.5/10.0
• 1% rule +4.8/10.0
• Condition / age +4.0/5.0
• Livability +2.9/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Discover Your Next Investment Opportunity at Westwood Villas! Now available in Westwood Villas, this fourplex in Alton, Texas offers an excellent opportunity for both seasoned investors and first-time homebuyers looking to house-hack or generate rental income. Conveniently located along Stewart Rd and Lark Ave, this property provides easy access to major roads, schools, shopping, and everyday essentials. This modern fourplex features a highly desirable unit mix: Two (2) units: 2-bedroom, 2-bath and the other two (2) units: 3-bedroom, 2-bath. Each unit is thoughtfully designed with functional layouts to attract long-term tenants and provide steady rental potential. Whether you’re growing your portfolio or purchasing your first income-producing property, this fourplex offers flexibility, income opportunity, and long-term value in a rapidly developing area. Don’t miss this chance to own a strong multifamily property in one of Alton’s newest communities.

Key facts

• 9,739 sq ft lot
• Garage
• Built 2025

What this means for you Summary

Snapshot

• This is a 2×2bd/2ba + 2×3bd/2ba units multifamily listed at $469k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $372 ($4k/yr) — positive. Per door: $93/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $460k (1.9% below list).
• Recommended offer: $413k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 3.3% in Alton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 58/100 on livability (#1,230 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime F, amenities F, commute F.
• Mission CISD (urban): math 15% / reading 28% proficiency, ranked #775 of 826 in TX (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Raquel Cavazos El (math 20% / reading 21%, grade F, #3,515 of 4,322 statewide, top 82%, 554 students, 87% FRL); Alton Memorial J H (math 10% / reading 21%, grade F, #1,556 of 1,662 statewide, top 94%, 819 students, 91% FRL); Mission H S (math 18% / reading 28%, grade F, #1,348 of 1,632 statewide, top 83%, 2,218 students, 91% FRL).
• Market conditions: 763 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% of comp listings sitting > 30 days — soft ceiling on asking rent; 7,378 units permitted in Hidalgo County in 2024 (641 in 5+ unit buildings).

Forward outlook

• In year one you build about $50k of equity ($3k loan paydown + $47k appreciation (10.0% local appreciation)).
• Hidalgo County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $131k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$81k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 189 days — a 12% lower offer ($413k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 96% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $412,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 189 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.98% ✗
• Cap rate: 7.24%
• Cash-on-cash: 3.40%
• DSCR: 1.15
• GRM: 8.5

CMA / ARV

• ARV (median comp): $515,935
• List price: $469,000
• Delta: -9.10%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2612 E Harrison Ave	0.00mi	—/—	4,052 (0%)	1mo	$469,000	$116	100
2508 E Harrison Ave	0.00mi	—/—	4,052 (0%)	2mo	$469,000	$116	98
2705 E Israel Ave	0.02mi	—/—	4,032 (-0%)	11mo	$520,000	$129	89
2605 E Israel Ave	0.02mi	—/—	4,032 (-0%)	14mo	$535,000	$133	87
2812 E Israel Ave	0.05mi	—/—	4,032 (-0%)	14mo	$500,000	$124	86
2513 E Israel Ave	0.02mi	—/—	4,319 (+7%)	10mo	$535,000	$124	80
2713 E Israel Ave	0.02mi	—/—	4,319 (+7%)	11mo	$534,900	$124	79
1410 S Michigan St	0.56mi	—/—	4,010 (-1%)	2mo	$450,000	$112	71
1521 W St. Francis Ave	0.40mi	—/—	3,992 (-2%)	12mo	$489,000	$122	69
1406 S Michigan St	0.44mi	—/—	4,010 (-1%)	12mo	$465,000	$116	67
1406 S Michigan St	0.55mi	—/—	4,010 (-1%)	8mo	$465,000	$116	66
1414 S Michigan St	0.44mi	—/—	4,190 (+3%)	14mo	$505,000	$121	62

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.7%
• Equity multiple: 3.13×
• Total profit: $279,195
• Equity at exit: $422,512

10-year hold

• IRR: 23.4%
• Equity multiple: 7.12×
• Total profit: $803,723
• Equity at exit: $911,164

Cash invested: $131,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 13 active · 1 under contract
• Months of supply: 26.0 mo (4%/mo absorbed)
• Median asking: $469,000 ($116/sqft)
• Median days on market: 197 d
• This list price: 38% of active listings are priced below it
• ARV vs active asking: +10.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 78573

• Home prices YoY: 8.0%
• Active inventory: 763
• Price-to-rent: 36.4×

Monthly cashflow live

• Estimated rent: $4,600 high
• Mortgage (P&I): −$2,459
• Tax est. 1.5%: −$586 /mo · $7,035/yr
• Insurance: −$195
• HOA: −$21
• Vacancy / Maint / Mgmt: −$966
• Net cashflow: $372

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	2	$2,150
▸ 2× units	3	2	$2,450
Total (4 units)			$4,600

Break-even live

Break-even rent $4,129

Max offer price $469,000

Occupancy floor 87%

Sensitivity live

Price	-10% $696	-5% $534	+0% $372	+5% $210	+10% $48
Rent	-10% $8	-5% $190	+0% $372	+5% $554	+10% $735
Rate	-1.0pp $608	-0.5pp $491	base $372	+0.5pp $250	+1.0pp $127

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $117,250
• Closing costs: $14,070
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2712 W Harrison Ave Unit 4 Alton, TX	3.0	2.0	1118	$1,225	$1.10	93d	1	0.03mi
2704 W Harrison Ave Unit 2 Alton, TX	3.0	2.0	1119	$1,225	$1.09	72d	1	0.03mi
2504 W Harrison Ave Unit 4 Alton, TX	3.0	2.0	1118	$700	$0.63	15d	1	0.03mi
2708 W Harrison Ave Unit 3 Alton, TX	2.0	2.0	908	$1,075	$1.18	72d	1	0.03mi
2612 W Harrison Ave Apt 3 Alton, TX	2.0	2.0	908	$1,075	$1.18	93d	1	0.03mi
2812 W Harrison Ave Unit 3 Alton, TX	2.0	2.0	908	$1,075	$1.18	93d	1	0.03mi
2708 W Harrison Ave Unit 4 Alton, TX	3.0	2.0	1118	$1,225	$1.10	72d	1	0.03mi
2904 W Harrison Ave Apt 3 Alton, TX	2.0	2.0	908	$1,075	$1.18	93d	1	0.03mi
2816 W Harrison Ave Unit 1 Alton, TX	2.0	2.0	908	$1,075	$1.18	93d	1	0.03mi
2704 W Harrison Ave Unit 3 Alton, TX	2.0	2.0	908	$1,075	$1.18	72d	1	0.03mi
2904 W Harrison Ave Unit 4 Alton, TX	3.0	2.0	1118	$1,225	$1.10	15d	1	0.03mi
2904 W Harrison Ave Apt 2 Alton, TX	3.0	2.0	1118	$1,225	$1.10	93d	1	0.03mi
2712 W Harrison Ave Unit 3 Alton, TX	2.0	2.0	908	$1,075	$1.18	93d	1	0.03mi
2504 W Harrison Ave Unit 1 Alton, TX	2.0	2.0	908	$1,075	$1.18	15d	1	0.03mi
2504 W Harrison Ave Alton, TX	3.0	2.0	1118	$1,225	$1.10	15d	1	0.03mi
2704 W Harrison Ave Unit 4 Alton, TX	3.0	2.0	1118	$1,225	$1.10	15d	1	0.03mi
2816 W Harrison Ave Apt 3 Alton, TX	2.0	2.0	908	$1,075	$1.18	72d	1	0.03mi
2808 W Harrison Ave Unit 1 Alton, TX	2.0	2.0	908	$1,075	$1.18	93d	1	0.03mi
2805 W Harrison Ave Apt 2 Alton, TX	3.0	2.0	1118	$1,225	$1.10	72d	1	0.04mi
2805 W Harrison Ave Apt 1 Alton, TX	2.0	2.0	908	$1,075	$1.18	93d	1	0.04mi
2809 W Harrison Ave Apt 3 Alton, TX	2.0	2.0	908	$1,075	$1.18	72d	1	0.04mi
2813 W Harrison Ave Apt 1 Alton, TX	2.0	2.0	908	$1,075	$1.18	93d	1	0.04mi
2813 W Harrison Ave Apt 2 Alton, TX	3.0	2.0	1118	$1,225	$1.10	93d	1	0.04mi
2805 W Harrison Ave Apt 2 Alton, TX	3.0	2.0	1118	$1,225	$1.10	93d	1	0.04mi
2817 W Harrison Ave Unit 3 ALTON TX Alton, TX	2.0	2.0	908	$1,075	$1.18	93d	1	0.04mi
2813 W Harrison Ave Apt 2 Alton, TX	3.0	2.0	1118	$1,225	$1.10	72d	1	0.04mi
2809 W Harrison Ave Apt 1 Alton, TX	2.0	2.0	908	$1,075	$1.18	93d	1	0.04mi
2809 W Harrison Ave Unit 2 Alton, TX	3.0	2.0	1118	$1,225	$1.10	93d	1	0.04mi
1428 W Harrison Ave Unit 3 Alton, TX	2.0	2.0	1000	$975	$0.97	72d	1	0.26mi
1429 W Harrison Ave Unit 1429-3 Alton, TX	2.0	1.0	562	$900	$1.60	15d	1	0.27mi
1429 W Harrison Ave Unit 1429-9 Alton, TX	2.0	1.0	565	$925	$1.64	15d	1	0.27mi
1429 W Harrison Ave Unit 3 Alton, TX	2.0	1.0	562	$900	$1.60	72d	1	0.27mi
1421 W Harrison Ave Alton, TX	3.0	2.0	1008	$750	$0.74	68d	1	0.29mi
1421 W Harrison Ave Alton, TX	3.0	2.0	1008	$925	$0.92	93d	1	0.29mi
1421 W Harrison Ave Unit 6 Alton, TX	3.0	2.0	1008	$750	$0.74	72d	1	0.29mi
818 S Missouri St Unit 2 Alton, TX	2.0	2.0	869	$960	$1.10	93d	1	0.35mi
810 S Missouri St Apt 2 Alton, TX	2.0	2.0	990	$925	$0.93	70d	1	0.35mi
1326 W Harrison Ave Unit 1 Alton, TX	2.0	2.0	1100	$1,075	$0.98	15d	1	0.35mi
825 S Mississippi St Unit C Alton, TX	2.0	2.0	912	$800	$0.88	68d	1	0.36mi
1327 W Garfield Ave Unit 2 Alton, TX	2.0	2.0	900	$900	$1.00	15d	1	0.38mi

Listing history 10 events

1. 2026-06-10
   days on market $469,000 Active 189 DOM
2. 2026-06-09
   days on market $469,000 Active 188 DOM
3. 2026-06-08
   days on market $469,000 Active 187 DOM
4. 2026-06-07
   days on market $469,000 Active 186 DOM
5. 2026-06-03
   days on market $469,000 Active 182 DOM
6. 2026-06-02
   days on market $469,000 Active 181 DOM
7. 2026-06-01
   days on market $469,000 Active 180 DOM
8. 2026-05-31
   days on market $469,000 Active 179 DOM
9. 2026-05-31
   days on market $469,000 Active 178 DOM
10. 2025-12-03
    listed $469,000 Active 982-char remark

    Show marketing remark (982 chars)

    Discover Your Next Investment Opportunity at Westwood Villas! Now available in Westwood Villas, this fourplex in Alton, Texas offers an excellent opportunity for both seasoned investors and first-time homebuyers looking to house-hack or generate rental income. Conveniently located along Stewart Rd and Lark Ave, this property provides easy access to major roads, schools, shopping, and everyday essentials. This modern fourplex features a highly desirable unit mix: Two (2) units: 2-bedroom, 2-bath and the other two (2) units: 3-bedroom, 2-bath. Each unit is thoughtfully designed with functional layouts to attract long-term tenants and provide steady rental potential. Whether you’re growing your portfolio or purchasing your first income-producing property, this fourplex offers flexibility, income opportunity, and long-term value in a rapidly developing area. Don’t miss this chance to own a strong multifamily property in one of Alton’s newest communities.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 96% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $55,200
• − Mortgage interest: −$26,271
• − Property taxes: −$7,035
• − Insurance: −$2,345
• − Repairs & maintenance: −$4,416
• − Management: −$4,416
• − HOA: −$252
• − Depreciation: −$13,644
• Taxable loss: −$3,179
• Est. tax savings @ 24.0%: +$763
• After-tax cash flow: $5,225/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 6 photos

Good 80/100 Cosmetic rehab Est. rehab $20,260–$60,780 screening

This fourplex is in excellent condition with no visible repairs needed. It offers a good investment opportunity with potential for rental or resale value enhancement through minor updates.

Value-add opportunities

• Both Paint exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Install landscaping around the front yard — Landscaping improves curb appeal and adds value ↑
• Both Install new flooring in bathrooms — New flooring in bathrooms enhances aesthetics and functionality ↑
• Both Install new kitchen appliances — New appliances in the kitchen improve functionality and aesthetics ↑
• Both Install new bathroom fixtures — New fixtures in bathrooms enhance functionality and aesthetics ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 27/100

Zoned Schools

Elementary Raquel Cavazos El F TX #3,515/4,322 Nat'l #33,158/41,679 Middle Alton Memorial J H F TX #1,556/1,662 Nat'l #12,557/14,009 High Mission Collegiate H S F TX #652/1,632 Nat'l #6,890/17,239

Schools (NCES district)

• District: Mission CISD
• NCES district ID: 4831040
• Math proficiency: 15% ▼ -35.00%
• Reading proficiency: 28% ▼ -15.00%
• Median HH income: $32,855
• Composite: 17.47/100
• National rank: #9061
• State rank: #775 of 826 in TX

D Composite livability gradescore 58/100

Livability — Alton

• Score: 58/100
• State rank: #1230
• US rank: #21479

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A Health & safety F User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alton, TX
• County: Hidalgo County · 955,232 people
• City population: 44,809
• Metro: McAllen-Edinburg-Mission, TX
• Population (ZIP): 44,809
• Household income: $55,000
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 6% of renters

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Population outlook (Hidalgo County) Hauer SSP2

• Today (2025): 955,232 people
• By 2030: 1,009,774 · +5.7%
• By 2040: 1,120,332 · +17.3%
• By 2050: 1,225,036 · +28.2%
• By 2075: 1,439,189 · +50.7%
• By 2100: 1,533,429 · +60.5%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (96%)
• Race & ethnicity: Hispanic / Latino 96% Two or more races 63% White 3%
• Hispanic origin (detail): Mexican 94%
• Foreign-born: 28% · Canada
• Languages at home: 12% English-only · Spanish 88%

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Political lean MEDSL · Hidalgo

• 2024 margin: Toss-up / Even · D 48.1% · R 51.0%
• 2008→2024 swing: -41.6pp toward R · 2008: 38.7pp · 2024: -2.9pp
• All cycles: 2024: R+2.9 2020: D+17.1 2016: D+40.5 2012: D+41.8 2008: D+38.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 17.95%
• Current HPI: 242.0711
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

1 event — show timeline

• 2025-12-03 Listed $469,000 MCALLENMLS