Listing Agency: Accel Property Management & Investments, LLC Show Phone

Listed By: Ann M. Anderson Show Phone

Source: Exprealty

Added: Jun 9 Changed: Oct 13 Last Checked: Oct 15 at 12:25AM

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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.

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 / Yr

$34,299

Cap Rate

9.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$685,980 $686.0K

Cap Rate 7%

$489,986 $490.0K

Cap Rate 9%

$381,100 $381.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,260 SF

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 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 (±1% cap)

NOI $37,254 @ 7.0% cap · market cap 9.93%

Second Best

Apartment 5plus

$490.0K

$428.7K – $571.7K (±1% cap)

NOI $34,299 @ 7.0% cap · market cap 9.15%

Theoretical Best

Hotel Hospitality

$3.21M

$2.81M – $3.74M (±1% cap)

NOI $224,609 @ 7.0% cap · market cap 59.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Auto Repair Shop Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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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 $375,000.

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