Brick
For Sale
$345,000
2213 Dahlia Street, Pharr, TX 78577
MULTI_FAMILY - Pharr, TX
Property Size3,639 SF
Lot Size0.21 Acres
Price / SF$94.81
Days on Market41
Property Features for 2213 Dahlia Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Vip Estates
Lot features
Curb & Gutters
Elementary school
Ramirez
Middle school
LBJ
High school
PSJA H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
From Hwy 281 go West on W Ferguson ave, North into Erica, East on Cancun Dr, North into Dahlia St, Property will be on the West side of the street
Standard status
Active
APN
V012500000004800
Size
3,639 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9001
HOA Fee
$825 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Maria (Lila) Garcia · License #626016
(956) 227-6215
Added: Jul 19
Changed: Aug 3
Last Checked: Aug 28 at 11:06AM
MLS# 509389
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.
2213 Dahlia Street is a brick quadplex in Pharr, TX, built in 2004 and currently described as fully rented. The property totals 3,639 square feet on a 0.2124-acre lot.
The home is supported by public water and features a composition roof. Heating is electric with central heating, and cooling is provided by central air with electric service. Interior appliance inclusions listed include an electric water heater, refrigerator, stove/range-electric smooth, washer, dryer.
Parking is available via a garage, and the property includes a patio area.
For tenants and buyers evaluating an income-oriented small multifamily asset, the combination of brick construction, central electric HVAC, and the listed residential appliances may support straightforward occupancy and day-to-day operations.
The home is supported by public water and features a composition roof. Heating is electric with central heating, and cooling is provided by central air with electric service. Interior appliance inclusions listed include an electric water heater, refrigerator, stove/range-electric smooth, washer, dryer.
Parking is available via a garage, and the property includes a patio area.
For tenants and buyers evaluating an income-oriented small multifamily asset, the combination of brick construction, central electric HVAC, and the listed residential appliances may support straightforward occupancy and day-to-day operations.
Key Highlights
- Fully rented quadplex in Pharr, TX
- 3,639 SF on a 0.2124‑acre lot
- Built in 2004 with brick construction
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
$29,299
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
8.49%
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%
$585,980
$586.0K
Cap Rate 7%
$418,557
$418.6K
Cap Rate 9%
$325,544
$325.5K
Market Conditions
NOI Build-Up for 3,639 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
$60.3K $16.56/SF
− Vacancy
−$7.0K −$1.92/SF
EGI
$53.3K $14.64/SF
− OpEx
−$24.0K −$6.59/SF
NOI
$29.3K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
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%
$585,980
Cap Rate 7%
$418,557
Cap Rate 9%
$325,544
Alternative Uses
Best Use
Multifamily LT 5
$454.6K
$397.8K – $530.4K
NOI $31,823 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$418.6K
$366.2K – $488.3K
NOI $29,299 @ 7.0% cap · market cap 8.49%
Theoretical Best
Hotel Hospitality
$2.74M
$2.40M – $3.20M
NOI $191,866 @ 7.0% cap · market cap 55.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
507
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented fourplex with brick construction and electric HVAC, built in 2004 on a small lot in Pharr.
Where is this quadplex located?
The property is located at 2213 Dahlia Street Pharr, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Fully rented quadplex in Pharr, TX; 3,639 SF on a 0.2124‑acre lot; Built in 2004 with brick construction
