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Income-Producing Fourplex in Growing Area

1625 W Marlin Street Pharr, TX 78577

Claim this Listing
For Sale
$509,900

MULTI_FAMILY - Pharr, TX

Property size:
4,176 SF
Lot size:
0.26 Acres
Price / SF:
$122.10/SF
Added:
May 20, 2026
Days on Market:
56
Last Refresh:
Jul 14 at 3:06 am

Property Features for 1625 W Marlin Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking
8
Patio and Porch features
Patio
Appliances
Electric Water Heater, Dryer, Microwave, Oven-Single, Refrigerator, Stove/Range, Washer
Standard status
Active
APN
H065400000000300
Size
4,176 SF
Lot size
0.26 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
13879

Utilities

Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric

Building Details

Year built
2021
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle

Listing agent Preshina Samtani

Listing office Key Realty 4907 S Jackson Road, Edinburg, TX

Listing date May 20, 2026

MLS# 503618 Listing URL

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 income-producing fourplex, located in a growing area, presents an investment opportunity. The property comprises four units, each equipped with full appliances. Interior features include porcelain tile flooring, granite countertops, and stainless steel appliances. Each unit also provides in-unit washer and dryer connections and appliances. A double carport and gated entrance offer functionality, while a spacious patio area enhances tenant appeal. The property is fully occupied.

Key Highlights

  • Income‑producing fourplex built in 2021 with four units that are fully occupied
  • Each unit includes major appliances: refrigerator, stove/range, oven, microwave, washer and dryer (or washer/dryer connections)
  • Interiors feature porcelain tile flooring and granite countertops

Local 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 $58.6k $14.04
− Vacancy −$6.5k −$1.55
EGI $52.2k $12.49
− OpEx −$15.7k −$3.75
NOI $36.5k $8.74
4,176 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$521.7K
$456.5K – $608.7K (±1% cap)
NOI $36,519 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$480.3K
$420.3K – $560.4K (±1% cap)
NOI $33,623 @ 7.0% cap · market cap 6.59%
Theoretical Best
Hotel Hospitality
$3.15M
$2.75M – $3.67M (±1% cap)
NOI $220,180 @ 7.0% cap · market cap 43.18%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

FAQs

What type of property is this?
Quadplex - Fourplex with modern amenities in a growing Pharr location.
Where is this quadplex located?
The property is located at 1625 W Marlin Street Pharr, TX.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: Income‑producing fourplex built in 2021 with four units that are fully occupied; Each unit includes major appliances: refrigerator, stove/range, oven, microwave, washer and dryer (or washer/dryer connections); Interiors feature porcelain tile flooring and granite countertops
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