2213 N Erica Street Pharr, TX 78577
MULTI_FAMILY - Pharr, TX
Property Features for 2213 N Erica Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage
- Exterior features
- Mature Trees, Sprinkler System
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Dishwasher, Dryer, Microwave, Oven-Microwave, Refrigerator, Stove/Range, Stove/Range-Electric Coil, Washer
- Standard status
- Active
- APN
- V012500000002900
- Size
- 3,952 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2018
- Tax Annual Amount
- 6840
Utilities
- Heating system
- Electric (Heating), Zoned
- Cooling system
- Electric, Zoned
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Israel Esquivel (956) 655-5715
Listing office eXp Realty LLC 9600 Great Hills Trail #150w, Austin, TX (888) 519-7431
Listing date Nov 11, 2025
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.
Key Highlights
- 2005‑built brick 4‑plex in a secure gated community
- Four 2‑bed, 2‑bath units, each with laundry room and two covered parking spaces
- Units include granite counters, tile flooring, and custom cabinetry
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 | $55.5k | $14.04 |
| − Vacancy | −$6.1k | −$1.55 |
| EGI | $49.4k | $12.49 |
| − OpEx | −$14.8k | −$3.75 |
| NOI | $34.6k | $8.74 |
