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Fourplex with Mixed Unit Mix
For Sale
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Pending

1605 W Violet Drive, Pharr, TX 78577

Fourplex being completed October 2024 with two 3BR/2BA and two 2BR/2BA units.

Property Size4,128 SF
Days on Market881

Property Features for 1605 W Violet Drive

General Information

Standard status Pending
Size 4,128 SF
Total Parking Spaces 8
Property subtype Multifamily

Additional Details

Multifamily Units 4

Building Details

Year Built 2024
Buildings 2
Units 4
Tenancy Multi
Listing Agency: Keller Williams Realty RGV
Listed By: Jaime Lee Gonzalez · License #TXTX
Source: Crexi
Added: Jun 5, 2024 Changed: Oct 25 Last Checked: Nov 1 at 4:39AM

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 Keller Williams Realty RGV

Rey
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Investment Insights

Based on property information with market context.

This fourplex is positioned for an investing portfolio, currently under development with an estimated completion date of October 2024. The property features a neutral exterior and interior design aesthetic across the units. Each building contains two units, for a total of four units, including 3 bedroom/2 bathroom layouts and 2 bedroom/2 bathroom layouts. The 3BR/2BA units total 1,111 sq ft, while the 2BR/2BA units total 953 sq ft.

Located at 1605 W Violet Drive in Pharr, TX, the property sits right off Jackson Rd between Sioux Rd and Ferguson Rd.

Prospective buyers should note the unit mix includes both 3BR/2BA and 2BR/2BA configurations within the fourplex, supported by the stated floor area for each layout.

Key Highlights

  • Fourplex under completion with estimated completion in October 2024
  • Total of 4 units: two 3BR/2BA units and two 2BR/2BA units
  • Two 3BR/2BA units total 1,111 SF each

Property Analytics

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Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

564
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Fourplex being completed October 2024 with two 3BR/2BA and two 2BR/2BA units.
Where is this quadplex located?
The property is located at 1605 W Violet Drive Pharr, TX.
What are key features of this property?
This property features: Fourplex under completion with estimated completion in October 2024; Total of 4 units: two 3BR/2BA units and two 2BR/2BA units; Two 3BR/2BA units total 1,111 SF each
(956) 599-8400 · Office Call to check price and availability
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