Brick 4-Plex Income
700 W Bronze Drive Pharr, TX 78577
New
For Sale
$375,000
MULTI_FAMILY - Pharr, TX
Property Size3,640 SF
Lot Size0.21 Acres
Price / SF$103.02
Days on Market1
Property Features for 700 W Bronze Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Fencing
Privacy
Appliances
Electric Water Heater, Water Heater (Other Location), Dryer, Refrigerator, Stove/Range, Washer
Standard status
Active
APN
L627500000001600
Size
3,640 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9416
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX Platinum
(956) 668-8555
Listed By:
Luciano Martinez · License #743277
(956) 862-1556
Added: Jul 29
Last Checked: Jul 29 at 11:06PM
MLS# 510306
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 built-in-2005 4-plex offers brick exterior construction and a consistent unit layout. Each unit features 2 bedrooms and 2 bathrooms, with tile flooring and covered carport parking. At the time of listing, three of the four units are currently rented, while the fourth unit is vacant and move-in ready.
The property is located in Pharr’s Los Muros subdivision. It is described as being minutes from Expressway 281/I-69C and convenient to local shopping and services, including Walmart Neighborhood Market and HEB, as well as Driscoll Children’s Hospital and a nearby park.
The reported property size is 3,640 square feet on a 0.2149-acre lot. The listing also notes the property may qualify for FHA, conventional, or DSCR financing, supporting options to occupy one unit while collecting rent from the others or to add the turnkey income property to an existing portfolio.
The property is located in Pharr’s Los Muros subdivision. It is described as being minutes from Expressway 281/I-69C and convenient to local shopping and services, including Walmart Neighborhood Market and HEB, as well as Driscoll Children’s Hospital and a nearby park.
The reported property size is 3,640 square feet on a 0.2149-acre lot. The listing also notes the property may qualify for FHA, conventional, or DSCR financing, supporting options to occupy one unit while collecting rent from the others or to add the turnkey income property to an existing portfolio.
Key Highlights
- Income‑producing 4‑plex in Pharr’s Los Muros subdivision built in 2005
- 3 of 4 units are currently rented, with the 4th unit vacant and move‑in ready
- Each unit offers 2 bedrooms, 2 bathrooms, and about 910 SF, with brick exterior and tile flooring
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 | $51.1k | $14.04 |
| − Vacancy | −$5.6k | −$1.55 |
| EGI | $45.5k | $12.49 |
| − OpEx | −$13.6k | −$3.75 |
| NOI | $31.8k | $8.74 |
3,640 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$454.7K
$397.9K – $530.5K
NOI $31,832 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$418.7K
$366.3K – $488.5K
NOI $29,307 @ 7.0% cap · market cap 7.82%
Theoretical Best
Hotel Hospitality
$2.74M
$2.40M – $3.20M
NOI $191,919 @ 7.0% cap · market cap 51.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2005 with four 2-bedroom, 2-bath units, three currently rented and one vacant, each with covered carport parking.
Where is this quadplex located?
The property is located at 700 W Bronze Drive Pharr, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Income‑producing 4‑plex in Pharr’s Los Muros subdivision built in 2005; 3 of 4 units are currently rented, with the 4th unit vacant and move‑in ready; Each unit offers 2 bedrooms, 2 bathrooms, and about 910 SF, with brick exterior and tile flooring
