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Pharr Multi-Family Investment Opportunity

3701 S Embassy Avenue Pharr, TX 78577

Claim this Listing
For Sale
$425,000

MULTI_FAMILY - Pharr, TX

Property size:
4,396 SF
Lot size:
0.21 Acres
Price / SF:
$96.68/SF
Added:
May 13, 2026
Days on Market:
63
Last Refresh:
Jul 14 at 5:06 am

Property Features for 3701 S Embassy Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Garage
Appliances
Electric Water Heater
Standard status
Active
APN
J235500000001100
Size
4,396 SF
Lot size
0.21 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
10610

Utilities

Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
2006
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle

Listing agent Jaime Lee Gonzalez

Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX

Listing date May 13, 2026

MLS# 488970 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 multi-family property, located in a gated community in Pharr, TX, presents an investment opportunity. The property features four units, with a total living area of approximately 4,396 square feet. Each unit includes 3 bedrooms and 3 baths, offering spacious layouts for tenants. The property is fully leased and is situated near shopping, dining, and local attractions. The lot size is 0.2112 acres.

Key Highlights

  • Fully leased 4‑unit multi‑family property
  • Located in a gated community
  • Each unit features 3 bedrooms and 3 baths

Local Financial Insights For Apartment 5plus

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 $72.8k $16.56
− Vacancy −$8.4k −$1.92
EGI $64.4k $14.64
− OpEx −$29.0k −$6.59
NOI $35.4k $8.05
4,396 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$549.2K
$480.5K – $640.7K (±1% cap)
NOI $38,443 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$505.6K
$442.4K – $589.9K (±1% cap)
NOI $35,394 @ 7.0% cap · market cap 8.33%
Theoretical Best
Hotel Hospitality
$3.31M
$2.90M – $3.86M (±1% cap)
NOI $231,779 @ 7.0% cap · market cap 54.54%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Electrical Service Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four-unit multi-family property in a gated community, fully leased.
Where is this quadplex located?
The property is located at 3701 S Embassy Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Fully leased 4‑unit multi‑family property; Located in a gated community; Each unit features 3 bedrooms and 3 baths
Contact an agent
More about this property
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