Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3703 Sheraton Ave Pharr, TX 78577

    View on Map
    Sponsored
    For Sale
    $440,000

    MULTI_FAMILY - Pharr, TX

    Property size:
    4,600 SF
    Lot size:
    0.21 Acres
    Days on Market:
    77
    Last Refresh:
    Mar 6 at 6:06 am

    Property Features for 3703 Sheraton Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    J235500000008400
    Parking
    8
    Parking features
    Garage
    Exterior features
    Motorized Gate
    Fencing
    Gate
    Appliances
    Electric Water Heater, Water Heater (In Attic), Dryer, Oven-Single, Refrigerator, Stove/Range-Electric Coil, Washer
    Size
    4,600 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

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

    We can help!

    Listing Contact
    Elizabeth Gomez

    RE/MAX elite (956) 330-3674

    Listing agent Elizabeth Gomez (956) 393-0612

    Listing date Dec 20, 2025

    MLS# 488539

    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.

    Learn more

    Property Insight Report

    Overview

    Pharr Fourplex in Gated Community

    This fourplex, situated in the Jackson South Apartments community of Pharr, features two units with 2-bedroom/2-bath layouts and two units with 3-bedroom/2-bath layouts. The residences showcase a modern, open-concept design complemented by granite countertops, custom cabinets, and tile flooring. Upscale finishes include modern lighting fixtures and ceiling fans in the living rooms and bedrooms. Each kitchen is equipped with stainless steel appliances, including a microwave, refrigerator, and stove, as well as a washer and dryer. Each unit includes a private, fenced patio and a 2-vehicle carport. The property is located within a gated community, providing convenient access to shopping areas, entertainment venues, hospitals, and schools, with easy access to Expressway 83 and 281. The property occupies a lot of 0.2066 acres and contains 4,600 square feet of space. All units are currently rented.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.20634
    Latitude
    26.163789

    Nearby Similar for Sale

    • $579,000
      2,304 SF

      Pharr, Texas Commercial Lot

      0.5-acre lot with drive-thru building in Pharr, Texas.
      407 N Veterans Blvd, Pharr, TX 78577
      View Details
    • New
      $1,200,000
      8,674 SF

      Prime Corner Commercial Property

      Highly visible corner location in Pharr, Texas, suitable for various businesses.
      301 N Cage Blvd, Pharr, TX 78577
      View Details
    • $275,000
      1,200 SF

      Turnkey Restaurant in South Pharr

      Established restaurant for sale in a prime location.
      5814 Cage Blvd, Pharr, TX 78577
      View Details
    • $1,250,000
      6,264 SF

      Pharr Commercial Investment Opportunity

      High-visibility commercial property on a busy corridor with immediate access.
      1000 N Cage Blvd, Pharr, TX 78577
      View Details
    • $1,100,000
      7,584 SF

      Pharr Warehouse with Office Space

      7,584 SF warehouse with office space for sale.
      1709 Mozelle St, Pharr, TX 78577
      View Details
    • $499,000
      3,823 SF

      Restaurant Building with Commercial Kitchen

      Former restaurant with kitchen, suitable for retail or redevelopment.
      6701 S Jackson Rd, Pharr, TX 78577
      View Details
    • $980,000
      520 SF

      Commercial Building on Veterans Blvd

      Freestanding commercial building suitable for automotive or alternative uses.
      704 N I Rd, Pharr, TX 78577
      View Details
    • $230,000
      1,800 SF

      Pharr Commercial Building For Sale

      1,800 sq ft commercial building in high-traffic Pharr location.
      2310 S Cage Blvd, Pharr, TX 78577
      View Details
    • New
      $379,000
      3,744 SF

      Gated 4-Plex Near Expressway

      Four identical units with modern kitchens and private entrances.
      2216 N Dahlia St, Pharr, TX 78577
      View Details
    • $825,000
      4,560 SF

      Pharr Commercial Property with Warehouse

      Prime location with retail, office, and warehouse space.
      913 W Us Hwy, Pharr, TX 78577
      View Details
    • $1,795,000
      6,241 SF

      Pharr Commercial Building For Sale

      Commercial building with high traffic, strong exposure, and endless potential.
      1009 E Interstate 2, Pharr, TX 78577
      View Details
    • $510,000
      Pending

      New Fourplex Near Expressway 281

      New fourplex in Pharr, TX, ideal for investors.
      4905 N Dahlia St, Pharr, TX 78577
      View Details

    FAQs

    What type of property is this?
    Quadplex - Stylish fourplex with modern amenities in a desirable Pharr location.
    Where is this quadplex located?
    The property is located at 3703 Sheraton Ave Pharr, TX.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: - Fourplex featuring a mix of 2-bedroom/2-bath and 3-bedroom/2-bath units in a desirable location.; - All units are currently rented, providing immediate income.; - Located in a gated community with easy access to shopping, entertainment, hospitals, schools, and Expressways 83 and 281.
    (956) 330-3674
    Request Owner's contact information
    3703 Sheraton Ave Pharr, TX 78577
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3703 Sheraton Ave
    Pharr, TX 78577
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3703 Sheraton Ave Pharr, TX 78577
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Elizabeth Gomez
    Real Estate License ID: 772669
    (956) 330-3674 (956) 583-2100 (956) 393-0612
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!