4-Unit Quadplex with Private
For Sale
$399,000
1304 E Quail St, Pharr, TX 78577
Four three-bedroom residences include in-unit laundry and covered carport parking.
Property Size4,260 SF
Price / SF$93.66
Days on Market84
Property Features for 1304 E Quail St
General Information
Standard status
Active
Size
4,260 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,432
Listing Agency:
Accel Property Management & Investments, LLC
(956) 827-3707
Listed By:
Ann M. Anderson
(956) 827-3707
Source:
Exprealty
Added: Jun 9
Changed: Aug 31
Last Checked: Aug 17 at 10:46AM
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 Accel Property Management & Investments, LLC
Investment Insights
Based on property information with market context.
This 4,260-square-foot quadplex, built in 2006, contains four apartment units measuring 1,065 square feet each. Every residence offers three bedrooms, two bathrooms, and an open-concept layout with tile flooring and ceiling fans throughout. Kitchens include granite countertops, generous work surfaces, a stove, a refrigerator, and contemporary lighting. Washer and dryer sets are provided within each unit.
Each apartment also has its own private patio, while covered carport parking serves the property. The combination of consistent layouts, durable interior finishes, and included appliances creates a uniform four-unit residential income asset at 1304 E Quail Street in Pharr, Texas.
Each apartment also has its own private patio, while covered carport parking serves the property. The combination of consistent layouts, durable interior finishes, and included appliances creates a uniform four-unit residential income asset at 1304 E Quail Street in Pharr, Texas.
Key Highlights
- Four apartment units, each with 1,065 square feet
- Each unit offers 3 bedrooms and 2 bathrooms
- Built in 2006 with 4,260 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,299
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$685,980
$686.0K
Cap Rate 7%
$489,986
$490.0K
Cap Rate 9%
$381,100
$381.1K
Market Conditions
NOI Build-Up for 4,260 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.5K $16.56/SF
− Vacancy
−$8.2K −$1.92/SF
EGI
$62.4K $14.64/SF
− OpEx
−$28.1K −$6.59/SF
NOI
$34.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$685,980
Cap Rate 7%
$489,986
Cap Rate 9%
$381,100
Alternative Uses
Best Use
Multifamily LT 5
$532.2K
$465.7K – $620.9K
NOI $37,254 @ 7.0% cap · market cap 9.34%
Second Best
Apartment 5plus
$490.0K
$428.7K – $571.7K
NOI $34,299 @ 7.0% cap · market cap 8.60%
Theoretical Best
Hotel Hospitality
$3.21M
$2.81M – $3.74M
NOI $224,609 @ 7.0% cap · market cap 56.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
159
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four three-bedroom residences include in-unit laundry and covered carport parking.
Where is this quadplex located?
The property is located at 1304 E Quail St Pharr, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four apartment units, each with 1,065 square feet; Each unit offers 3 bedrooms and 2 bathrooms; Built in 2006 with 4,260 square feet total
