4-Unit Multifamily
New
For Sale
$165,000
108 S Esperanza Street, Pharr, TX 78577
A one-story unit mix includes a two-bedroom residence and three one-bedroom residences.
Property Size1,590 SF
Price / SF$103.77
Days on Market4
Property Features for 108 S Esperanza Street
General Information
Standard status
Active
Size
1,590 SF
Property subtype
Multi Family Home
Units
Unit Mix
1 x 2BR/2BA, 3 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,391
Building Details
Building Size
1,590 SF
Year Built
1962
Buildings
1
Stories
1
Units
4
Listing Agency:
JSL Living, LLC
(956) 715-7734
Listed By:
Alex Cuevas
(956) 369-9845
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JSL Living, LLC
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Investment Insights
Based on property information with market context.
This four-unit multifamily property has 1,590 square feet of building area. The front residence contains 2 bedrooms and 2 bathrooms; three units at the rear each have 1 bedroom and 1 bathroom. The property was built in 1962.
Retail destinations named nearby include Topgolf, Costco, and Sam's Club, along with shopping centers, restaurants, and entertainment options.
Retail destinations named nearby include Topgolf, Costco, and Sam's Club, along with shopping centers, restaurants, and entertainment options.
Key Highlights
- Four residential units in a 2‑bedroom, 2‑bath front unit and three 1‑bedroom, 1‑bath rear units
- 1,590 square feet of building area
- Built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,904
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,080
$278.1K
Cap Rate 7%
$198,629
$198.6K
Cap Rate 9%
$154,489
$154.5K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$22.3K $14.04/SF
− Vacancy
−$2.5K −$1.55/SF
EGI
$19.9K $12.49/SF
− OpEx
−$6.0K −$3.75/SF
NOI
$13.9K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,080
Cap Rate 7%
$198,629
Cap Rate 9%
$154,489
Alternative Uses
Best Use
Multifamily LT 5
$198.6K
$173.8K – $231.7K
NOI $13,904 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$182.9K
$160.0K – $213.4K
NOI $12,802 @ 7.0% cap · market cap 7.76%
Theoretical Best
Hotel Hospitality
$1.20M
$1.05M – $1.40M
NOI $83,833 @ 7.0% cap · market cap 50.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
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Business Placement
Demographics for 78577, TX
79,937
Population
26,568
Households
3
Avg Household Size
30
Median Age
18%
College-Educated
70%
High-School Grad
26.0 sq mi
ZIP Area
3,075
Density / Sq Mi
$49,768
Median Household Income
$28,186
Median Earnings
$988
Median Rent
$111,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A one-story unit mix includes a two-bedroom residence and three one-bedroom residences.
Where is this quadplex located?
The property is located at 108 S Esperanza Street Pharr, TX.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Four residential units in a 2‑bedroom, 2‑bath front unit and three 1‑bedroom, 1‑bath rear units; 1,590 square feet of building area; Built in 1962
