4-Plex with Private
For Sale
$365,000
2216 N Dahlia Street, Pharr, TX 78577
MULTI_FAMILY - Pharr, TX
Property Size3,744 SF
Lot Size0.22 Acres
Price / SF$97.49
Days on Market57
Property Features for 2216 N Dahlia Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Water Heater (Programmable thermostat), Electric Cooktop, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Vip Estates
Lot features
Curb & Gutters, Mature Trees, Sidewalks
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
Drive east from 495/Pecan Blvd/W Ferguson Ave. Turn North on Erica St., turn east on Cancun Dr., property is located at the end of the street. Corner of Cancun Dr. and N Dahlia.
Standard status
Active
APN
V012500000001400
Size
3,744 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9076
HOA Fee
$825 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
gated community
washer and dryer
private entrances
Building Details
Year built
2005
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License #0530155
(956) 821-9990
Added: Jun 9
Changed: Aug 3
Last Checked: Aug 4 at 7:06AM
MLS# 497299
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 4-plex in a secure gated community offers four identical units, each with 2 bedrooms, 2 bathrooms, and private entrances. Interiors include a modern kitchen with granite countertops, and each unit is equipped with a washer and dryer. Brick construction, central heating and central air, and an electric water heater support everyday comfort. The exterior includes a sprinkler system, a patio, and privacy fencing. Roof replacement was completed in 2024.
The property is located near the expressway for convenient access to other areas. Inside each unit, appliances include an electric cooktop, refrigerator, stove/range, washer, and dryer.
Set on a 0.2152-acre lot with a 3,744-square-foot property size, this configuration is well-suited for tenants looking for two-bedroom, two-bath living with separate entries within the same community setting. Parking is listed as none.
The property is located near the expressway for convenient access to other areas. Inside each unit, appliances include an electric cooktop, refrigerator, stove/range, washer, and dryer.
Set on a 0.2152-acre lot with a 3,744-square-foot property size, this configuration is well-suited for tenants looking for two-bedroom, two-bath living with separate entries within the same community setting. Parking is listed as none.
Key Highlights
- Four identical units with 2 bedrooms, 2 bathrooms, and private entrances
- New roof installed in 2024
- Secure gated community setting
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 | $52.6k | $14.04 |
| − Vacancy | −$5.8k | −$1.55 |
| EGI | $46.8k | $12.49 |
| − OpEx | −$14.0k | −$3.75 |
| NOI | $32.7k | $8.74 |
3,744 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.7K
$409.3K – $545.7K
NOI $32,741 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$430.6K
$376.8K – $502.4K
NOI $30,145 @ 7.0% cap · market cap 8.26%
Theoretical Best
Hotel Hospitality
$2.82M
$2.47M – $3.29M
NOI $197,402 @ 7.0% cap · market cap 54.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
876
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 - Four identical 2-bedroom, 2-bath units with private entrances in a secure gated community.
Where is this quadplex located?
The property is located at 2216 N Dahlia Street Pharr, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Four identical units with 2 bedrooms, 2 bathrooms, and private entrances; New roof installed in 2024; Secure gated community setting
