Fourplex with
For Sale
$509,900
1625 W Marlin Street, Pharr, TX 78577
MULTI_FAMILY - Pharr, TX
Property Size4,176 SF
Lot Size0.26 Acres
Price / SF$122.10
Days on Market102
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
Subdivision
Hall Acres
Lot features
Curb & Gutters, Sidewalks
Elementary school
Palmer
Middle school
Kennedy
High school
PSJA South West H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
Take the exit toward Cage Blvd / Business 83 and head north on Cage Blvd. Turn left (west) onto W Polk Ave, then turn right onto N Fir St. Continue and turn left onto W Marlin St. The property will be on the left-hand side.
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
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
full appliances
porcelain tile flooring
granite countertops
stainless steel appliances
in-unit washer and dryer connections/appliances
double carport
gated entrance
spacious patio area
Building Details
Year built
2021
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Preshina Samtani · License #617748
(956) 460-7763
Added: May 20
Changed: Aug 13
Last Checked: Aug 29 at 11:06AM
MLS# 503618
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 fully occupied fourplex includes four units with in-unit appliances and connections for washer and dryer. Interiors feature porcelain tile flooring, granite countertops, and stainless steel appliances, with Electric Water Heater and central electric heating and cooling. Constructed in 2021 with stucco exterior materials and a shingle roof, the property also offers tenant-friendly outdoor space, including a patio.
The home at 1625 W Marlin Street in Pharr, Texas (Hidalgo County) sits on a 0.2626-acre lot and totals 4,176 square feet. On-site parking is supported by a double carport and a gated entrance, helping create a defined, secure access point for residents.
The combination of in-unit amenities, covered parking, and a maintained outdoor area supports straightforward daily living for tenants in a growing area.
The home at 1625 W Marlin Street in Pharr, Texas (Hidalgo County) sits on a 0.2626-acre lot and totals 4,176 square feet. On-site parking is supported by a double carport and a gated entrance, helping create a defined, secure access point for residents.
The combination of in-unit amenities, covered parking, and a maintained outdoor area supports straightforward daily living for tenants in a growing area.
Key Highlights
- Built in 2021 with stucco construction and shingle roof
- 4,176 SF on a 0.2626‑acre lot
- Fully occupied fourplex with four well‑appointed units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,519
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$730,380
$730.4K
Cap Rate 7%
$521,700
$521.7K
Cap Rate 9%
$405,767
$405.8K
Market Conditions
NOI Build-Up for 4,176 SF
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.
Gross rent
$58.6K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.2K $12.49/SF
− OpEx
−$15.7K −$3.75/SF
NOI
$36.5K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$730,380
Cap Rate 7%
$521,700
Cap Rate 9%
$405,767
Alternative Uses
Best Use
Multifamily LT 5
$521.7K
$456.5K – $608.7K
NOI $36,519 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$480.3K
$420.3K – $560.4K
NOI $33,623 @ 7.0% cap · market cap 6.59%
Theoretical Best
Hotel Hospitality
$3.15M
$2.75M – $3.67M
NOI $220,180 @ 7.0% cap · market cap 43.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 78577, TX
79,937
Population
26,568
Households
3
Avg Household Size
30
Median Age
18%
College-Educated
70%
High-School Grad
26.0 sq mi
ZIP Area
3,075
Density / Sq Mi
$49,768
Median Household Income
$28,186
Median Earnings
$988
Median Rent
$111,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex built in 2021 with a patio, double carport, and gated entrance, fully occupied with in-unit appliances.
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: Built in 2021 with stucco construction and shingle roof; 4,176 SF on a 0.2626‑acre lot; Fully occupied fourplex with four well‑appointed units
