Multifamily Property with 2- and 3-Bedroom
For Sale
$525,000
Pending
1204 S Woodland Dr, Pharr, TX 78577
Kitchen appliances are included in the planned residences, which offer two-bath layouts.
Property Size4,082 SF
Days on Market17
Property Features for 1204 S Woodland Dr
General Information
Standard status
Pending
Size
4,082 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$100
Listing Agency:
Texas Landmark Realty LLC
Listed By:
Irene Uribe Manrique de Lara · License #801067752
(956) 492-5638
Source:
Exprealty
Added: Sep 30
Changed: Oct 11
Last Checked: Oct 14 at 11:16PM
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 Texas Landmark Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,082-square-foot multifamily property is under construction, with completion estimated for September 2026. Planned residences include two-bedroom, two-bath and three-bedroom, two-bath layouts. Kitchen appliances are included, and the described bathroom configurations feature a tub and a walk-in shower.
The property is near DHR Hospital, South Texas College, Expressway 281, and Nolana, with access to Edinburg, Pharr, and McAllen.
The property is near DHR Hospital, South Texas College, Expressway 281, and Nolana, with access to Edinburg, Pharr, and McAllen.
Key Highlights
- 4,082‑square‑foot multifamily property
- Estimated completion in September 2026
- Planned two‑bedroom, two‑bath and three‑bedroom, two‑bath residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,866
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,320
$657.3K
Cap Rate 7%
$469,514
$469.5K
Cap Rate 9%
$365,178
$365.2K
Market Conditions
NOI Build-Up for 4,082 SF
Gross rent
$67.6K $16.56/SF
− Vacancy
−$7.8K −$1.92/SF
EGI
$59.8K $14.64/SF
− OpEx
−$26.9K −$6.59/SF
NOI
$32.9K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,320
Cap Rate 7%
$469,514
Cap Rate 9%
$365,178
Alternative Uses
Best Use
Apartment 5plus
$469.5K
$410.8K – $547.8K
NOI $32,866 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.07M
$2.69M – $3.59M
NOI $215,223 @ 7.0% cap · market cap 40.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Kitchen appliances are included in the planned residences, which offer two-bath layouts.
Where is this multifamily property located?
The property is located at 1204 S Woodland Dr Pharr, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 4,082‑square‑foot multifamily property; Estimated completion in September 2026; Planned two‑bedroom, two‑bath and three‑bedroom, two‑bath residences
