705 Emerald Drive Pharr, TX 78577
MULTI_FAMILY - Pharr, TX
- Added:
- Jan 12, 2026
- Days on Market:
- 183
- Last Refresh:
- Jul 14 at 4:06 am
Property Features for 705 Emerald Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
- Standard status
- Active
- APN
- L635602000001700
- Size
- 3,422 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7897
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, Stucco
- Roof type
- Shingle
Listing agent Jaime Lee Gonzalez (956) 599-8400
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Jan 12, 2026
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.
Key Highlights
- Fully leased fourplex providing immediate income.
- Each unit features 2 bedrooms and 2 bathrooms.
- Highly accessible location south of Nolana and east of Sugar Rd.
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 | $48.0k | $14.04 |
| − Vacancy | −$5.3k | −$1.55 |
| EGI | $42.8k | $12.49 |
| − OpEx | −$12.8k | −$3.75 |
| NOI | $29.9k | $8.74 |
