Three-Unit Residential
New
For Sale
$389,000
126 W Jones Avenue, Pharr, TX 78577
The property contains three separate residences with a combined four bedrooms and three bathrooms.
Property Size3,163 SF
Price / SF$122.98
Days on Market5
Property Features for 126 W Jones Avenue
General Information
Standard status
Active
Size
3,163 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,745
Amenities
Ceiling Fan(s)
Other
Building Details
Building Size
3,163 SF
Year Built
1967
Buildings
3
Stories
1
Units
3
Listing Agency:
Imperio Real Estate LLC
(956) 803-0341
Listed By:
Abrian Pena
(956) 458-1774
Source:
Gdvrealty
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 3:18PM
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 Imperio Real Estate LLC
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Investment Insights
Based on property information with market context.
This residential income property is arranged as three distinct units. Together, the residences provide four bedrooms and three bathrooms across approximately 3,163 square feet. The building dates to 1967.
The property is located at 126 W Jones Avenue in Pharr, Texas, near shopping, dining, schools, and major roadways.
The property is located at 126 W Jones Avenue in Pharr, Texas, near shopping, dining, schools, and major roadways.
Key Highlights
- Three residential units on one property
- Combined total of 4 bedrooms and 3 bathrooms
- Approximately 3,163 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,660
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,200
$553.2K
Cap Rate 7%
$395,143
$395.1K
Cap Rate 9%
$307,333
$307.3K
Market Conditions
NOI Build-Up for 3,163 SF
Gross rent
$44.4K $14.04/SF
− Vacancy
−$4.9K −$1.55/SF
EGI
$39.5K $12.49/SF
− OpEx
−$11.9K −$3.75/SF
NOI
$27.7K $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%
$553,200
Cap Rate 7%
$395,143
Cap Rate 9%
$307,333
Alternative Uses
Best Use
Multifamily LT 5
$395.1K
$345.8K – $461.0K
NOI $27,660 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$363.8K
$318.3K – $424.5K
NOI $25,467 @ 7.0% cap · market cap 6.55%
Theoretical Best
Hotel Hospitality
$2.38M
$2.08M – $2.78M
NOI $166,769 @ 7.0% cap · market cap 42.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
799
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The property contains three separate residences with a combined four bedrooms and three bathrooms.
Where is this triplex located?
The property is located at 126 W Jones Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Three residential units on one property; Combined total of 4 bedrooms and 3 bathrooms; Approximately 3,163 square feet
