Pharr, Texas Fourplex
1402 W Kiwi Avenue Pharr, TX 78577
For Sale
$520,000
MULTI_FAMILY - Pharr, TX
Property Size4,974 SF
Price / SF$104.54
Days on Market192
Property Features for 1402 W Kiwi Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Balcony
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Standard status
Active
APN
S677900000004200
Size
4,974 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12045
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX elite
(956) 583-2100
Listed By:
Yanett Rodriguez · License #695607
(956) 522-8213
Added: Jan 16
Changed: Apr 15
Last Checked: Jul 27 at 5:06PM
MLS# 492257
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.
Investment Insights
Based on property information with market context.
This fourplex presents an investment opportunity in Pharr, Texas. The property is fully occupied, offering immediate cash flow. Each unit is well-maintained, providing consistent rental income. The property is located near major roads, shopping, dining, schools, and medical facilities. The property is situated on a 4974 square foot lot.
Key Highlights
- Fully occupied fourplex providing immediate cash flow.
- Located in Pharr, Texas, a rapidly growing city in the Rio Grande Valley.
- Well‑maintained units ensuring consistent rental income and low vacancy risk.
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 | $69.8k | $14.04 |
| − Vacancy | −$7.7k | −$1.55 |
| EGI | $62.1k | $12.49 |
| − OpEx | −$18.6k | −$3.75 |
| NOI | $43.5k | $8.74 |
4,974 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$621.4K
$543.7K – $725.0K
NOI $43,497 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$572.1K
$500.6K – $667.5K
NOI $40,048 @ 7.0% cap · market cap 7.70%
Theoretical Best
Hotel Hospitality
$3.75M
$3.28M – $4.37M
NOI $262,254 @ 7.0% cap · market cap 50.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied fourplex in Pharr, Texas, with immediate cash flow.
Where is this quadplex located?
The property is located at 1402 W Kiwi Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Fully occupied fourplex providing immediate cash flow.; Located in Pharr, Texas, a rapidly growing city in the Rio Grande Valley.; Well‑maintained units ensuring consistent rental income and low vacancy risk.
