Pharr Multifamily Investment
3801 S Radisson Avenue, Pharr, TX 78577
- Added:
- Apr 28, 2026
- Days on Market:
- 33
- Last Refresh:
- May 30 at 5:06 am
Property Features for 3801 S Radisson Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Mature Trees, Motorized Gate
- Fencing
- Gate
- Appliances
- Electric Water Heater, Water Heater (Programmable thermostat), Water Heater (Other Location), Dryer, Oven-Single, Refrigerator, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- J235500000005700
- Size
- 4,320 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9851
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2013
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick, Stone
- Roof type
- Shingle
Listing agent Elizabeth Gomez License #772669 (956) 393-0612
Listing office RE/MAX elite 2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX (956) 583-2100
Listing date Apr 28, 2026
MLS# 502927
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.
HighLights
- Four units, each with 2 bedrooms and 2 bathrooms, providing immediate rental income potential.
- Three units are currently leased, ensuring consistent cash flow.
- Vacant fourth unit offers flexibility for owner‑occupancy or additional rental income.
- Convenient location near shopping, schools, parks, and the expressway.
- Stylish open‑concept layouts with tile flooring, wood cabinetry, and natural light in each unit.
- Built in 2013 with brick and stone exterior, featuring mature trees and a motorized gate.
Overview
This multifamily property in Pharr, Texas, presents an investment opportunity with a stone and brick entryway leading to four units. Each unit includes 2 bedrooms and 2 bathrooms. The property is suitable for both new and experienced investors. Three units are currently leased, generating rental income, while one unit is vacant, providing options for owner-occupancy or additional rental income. Each unit features an open-concept layout with tile flooring, wood cabinetry, and natural light. The property is located near shopping centers, schools, parks, and the expressway. The building has a total area of 4320 square feet and is situated on a 0.2211-acre lot.
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 | $60.7k | $14.04 |
| − Vacancy | −$6.7k | −$1.55 |
| EGI | $54.0k | $12.49 |
| − OpEx | −$16.2k | −$3.75 |
| NOI | $37.8k | $8.74 |
4,320 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$539.7K
$472.2K – $629.6K
NOI $37,778 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$496.9K
$434.8K – $579.7K
NOI $34,782 @ 7.0% cap · market cap 7.82%
Theoretical Best
Hotel Hospitality
$3.25M
$2.85M – $3.80M
NOI $227,772 @ 7.0% cap · market cap 51.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.207451
- Latitude
- 26.163155
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property with income potential near shopping and expressway.
Where is this quadplex located?
The property is located at 3801 S Radisson Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms, providing immediate rental income potential.; Three units are currently leased, ensuring consistent cash flow.; Vacant fourth unit offers flexibility for owner‑occupancy or additional rental income.
