Modern Multifamily Investment
1312 W Kennedy Street, Pharr, TX 78577
MULTI_FAMILY - Pharr, TX
Property size:
11,152 SFLot size:
0.87 AcresPrice / SF:
$116/SF- Added:
- Jul 3, 2025
- Days on Market:
- 334
- Last Refresh:
- Jun 1 at 9:06 pm
Property Features for 1312 W Kennedy Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 20
- Exterior features
- Sprinkler System
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Smooth
- Standard status
- Active
- APN
- B203500000002200
- Size
- 11,152 SF
- Lot size
- 0.87 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 30102
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 10
- Building materials
- Stone, Stucco
- Roof type
- Composition
Listing agent Juan Jose Elizondo License #0620235 (956) 522-1481
Listing office RE/MAX elite 2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX (956) 583-2100
Listing date Jul 3, 2025
MLS# 474063
Listing URL
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.
HighLights
- Prime McAllen Location: Situated near Nolana and Jackson Rd., a high‑demand area with excellent accessibility.
- Turn‑Key Investment: A ready‑to‑operate multifamily property with consistent rental demand.
- Ten Modern Units: Features 5 spacious 3‑bedroom/2‑bath and 5 comfortable 2‑bedroom/2‑bath units.
- Modern Finishes: Each unit boasts tile flooring and open‑concept living and kitchen areas.
- Dedicated Parking: Each unit includes dedicated parking spaces.
- Excellent Curb Appeal: Freshly painted exteriors and low‑maintenance landscaping.
Overview
This multifamily property features 10 well-maintained units located near the intersection of Nolana and Jackson Rd. The complex includes five 3-bedroom, 2-bath units with spacious layouts suitable for families or roommates, and five 2-bedroom, 2-bath units ideal for professionals, couples, or small families. Each unit features modern finishes, tile flooring, open-concept living and kitchen areas, and dedicated parking spaces. The exteriors are freshly painted with a clean, uniform aesthetic and low-maintenance landscaping. The property is situated on 0.8738 acres and has a total area of 11152 square feet. Located minutes from shopping centers, schools, restaurants, and major thoroughfares, this property offers rental demand and investment potential.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $184.7k | $16.56 |
| − Vacancy | −$21.4k | −$1.92 |
| EGI | $163.3k | $14.64 |
| − OpEx | −$73.5k | −$6.59 |
| NOI | $89.8k | $8.05 |
11,152 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,790 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$8.40M
$7.35M – $9.80M
NOI $587,989 @ 7.0% cap · market cap 45.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.197
- Latitude
- 26.234959
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turn-key multifamily property with 10 units in prime location.
Where is this apartment building located?
The property is located at 1312 W Kennedy Street Pharr, TX.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Prime McAllen Location: Situated near Nolana and Jackson Rd., a high‑demand area with excellent accessibility.; Turn‑Key Investment: A ready‑to‑operate multifamily property with consistent rental demand.; Ten Modern Units: Features 5 spacious 3‑bedroom/2‑bath and 5 comfortable 2‑bedroom/2‑bath units.
