Fourplex with Modern
New
For Sale
$535,000
1303 Rosewood Lane, Pharr, TX 78577
Residential Income, Pharr, TX
Property Size4,300 SF
Lot Size0.21 Acres
Price / SF$124.42
Days on Market3
Property Features for 1303 Rosewood Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range, Washer
Subdivision
Woodrich Landing
Lot features
Curb & Gutters, Sidewalks, Sprinkler System
Elementary school
Ramirez
Middle school
LBJ
High school
PSJA North H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
Subdivision is on the corner of Sugar Road and Eldora. If driving south on Sugar, it will be on the right hand side before getting to Eldora.
Standard status
Active
APN
W795000000003600
Size
4,300 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2462
HOA Fee
$750 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
gated
stove
microwave
refrigerator
washer
dryer
tile flooring
quartz countertops
glass shower enclosures
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
SANETI Realty Group
(956) 833-1850
Listed By:
Edna Karen Baez
(956) 703-4180
Added: Oct 16
Last Checked: Oct 18 at 8:06PM
MLS# 517944
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 four-unit residential property is under construction and contains 4,300 square feet on a 0.2139-acre lot. The unit mix comprises two two-bedroom, two-bathroom residences and two three-bedroom, two-bathroom residences. Three units are leased; the fourth is available for owner occupancy or leasing. Each residence includes a stove, microwave, refrigerator, washer, and dryer, along with tile floors, quartz countertops, and glass shower enclosures. The building has stucco construction, central heating and air conditioning, garage parking, and a patio.
The property is in a gated subdivision in Pharr, with reported drive times of 3 minutes to Expressway 281, 10 minutes to the mall, and 6 minutes to the medical district. The listed year built is 2026.
The property is in a gated subdivision in Pharr, with reported drive times of 3 minutes to Expressway 281, 10 minutes to the mall, and 6 minutes to the medical district. The listed year built is 2026.
Key Highlights
- Four units totaling 4,300 square feet on 0.2139 acres
- Unit mix: two 2‑bedroom, 2‑bathroom units and two 3‑bedroom, 2‑bathroom units
- Three units are leased; the fourth is available for occupancy or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,603
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,060
$752.1K
Cap Rate 7%
$537,186
$537.2K
Cap Rate 9%
$417,811
$417.8K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$60.4K $14.04/SF
− Vacancy
−$6.7K −$1.55/SF
EGI
$53.7K $12.49/SF
− OpEx
−$16.1K −$3.75/SF
NOI
$37.6K $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%
$752,060
Cap Rate 7%
$537,186
Cap Rate 9%
$417,811
Alternative Uses
Best Use
Multifamily LT 5
$537.2K
$470.0K – $626.7K
NOI $37,603 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$494.6K
$432.8K – $577.0K
NOI $34,621 @ 7.0% cap · market cap 6.47%
Theoretical Best
Hotel Hospitality
$3.24M
$2.83M – $3.78M
NOI $226,718 @ 7.0% cap · market cap 42.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
402
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?
Quadplex - Three residences are leased, with the remaining unit available for occupancy or lease.
Where is this quadplex located?
The property is located at 1303 Rosewood Lane Pharr, TX.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Four units totaling 4,300 square feet on 0.2139 acres; Unit mix: two 2‑bedroom, 2‑bathroom units and two 3‑bedroom, 2‑bathroom units; Three units are leased; the fourth is available for occupancy or lease
