8-Unit Apartment
1207 W Kennedy Street, Pharr, TX 78577
For Sale
New
$899,900
Separate electric and water meters serve each unit, and appliances are included.
Property Size5,952 SF
Price / SF$151.19
Days on Market2
Property Features for 1207 W Kennedy Street
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Gross Income
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
covered parking
appliances included
Ceiling Fan(s)
Dryer
Microwave
Walk-In Closet(s)
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
The MBTeam
Listed By:
Monica Benavides
(956) 357-4632
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 6:22PM
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 The MBTeam
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8-unit apartment property in Pharr was built in 2024 and contains 5,952 square feet. The units are fully occupied, with separate electric and water meters, covered parking, and appliances included.
The property is described as having access to major roads, shopping, dining, and other communities in the Rio Grande Valley.
The property is described as having access to major roads, shopping, dining, and other communities in the Rio Grande Valley.
Key Highlights
- All 8 units are occupied
- 5,952‑square‑foot multifamily property built in 2024
- Separate electric and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,922
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,440
$958.4K
Cap Rate 7%
$684,600
$684.6K
Cap Rate 9%
$532,467
$532.5K
Market Conditions
NOI Build-Up for 5,952 SF
Gross rent
$98.6K $16.56/SF
− Vacancy
−$11.4K −$1.92/SF
EGI
$87.1K $14.64/SF
− OpEx
−$39.2K −$6.59/SF
NOI
$47.9K $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%
$958,440
Cap Rate 7%
$684,600
Cap Rate 9%
$532,467
Alternative Uses
Best Use
Apartment 5plus
$684.6K
$599.0K – $798.7K
NOI $47,922 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.48M
$3.92M – $5.23M
NOI $313,819 @ 7.0% cap · market cap 34.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
992
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
$111,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Hidalgo County, TX
Properties on Market for Apartment buildings in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate electric and water meters serve each unit, and appliances are included.
Where is this apartment building located?
The property is located at 1207 W Kennedy Street Pharr, TX.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: All 8 units are occupied; 5,952‑square‑foot multifamily property built in 2024; Separate electric and water meters for each unit
