Four-Unit Multifamily
For Sale
$367,500
1401 E Coyote Street, Pharr, TX 78577
Income-producing property near Expressway 83, shopping, restaurants, schools, and services in Pharr.
Property Size3,888 SF
Days on Market11
Property Features for 1401 E Coyote Street
General Information
Standard status
Active
Size
3,888 SF
Property subtype
Quadruplex
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,309
Building Details
Building Size
3,888 SF
Year Built
2006
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Ronaldo (Ronnie) Esparza
Source:
Primeluxuryrealestate
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 29 at 2:45PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This income-producing quadplex contains four separate residential units within Los Senderos Subdivision in Pharr, Texas. The property was built in 2006 and offers a multifamily configuration suited to rental housing operations.
Expressway 83 provides access to shopping, restaurants, schools, and surrounding areas of Pharr and McAllen. The location combines residential placement with convenient connectivity to nearby services and regional destinations.
Expressway 83 provides access to shopping, restaurants, schools, and surrounding areas of Pharr and McAllen. The location combines residential placement with convenient connectivity to nearby services and regional destinations.
Key Highlights
- Four individual residential units
- Built in 2006
- Located in Los Senderos Subdivision
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
$31,304
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
8.52%
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%
$626,080
$626.1K
Cap Rate 7%
$447,200
$447.2K
Cap Rate 9%
$347,822
$347.8K
Market Conditions
NOI Build-Up for 3,888 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
$64.4K $16.56/SF
− Vacancy
−$7.5K −$1.92/SF
EGI
$56.9K $14.64/SF
− OpEx
−$25.6K −$6.59/SF
NOI
$31.3K $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%
$626,080
Cap Rate 7%
$447,200
Cap Rate 9%
$347,822
Alternative Uses
Best Use
Multifamily LT 5
$485.7K
$425.0K – $566.7K
NOI $34,000 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$447.2K
$391.3K – $521.7K
NOI $31,304 @ 7.0% cap · market cap 8.52%
Theoretical Best
Hotel Hospitality
$2.93M
$2.56M – $3.42M
NOI $204,995 @ 7.0% cap · market cap 55.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
85
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing property near Expressway 83, shopping, restaurants, schools, and services in Pharr.
Where is this quadplex located?
The property is located at 1401 E Coyote Street Pharr, TX.
What is the asking price?
The asking price for this property is $367,500.
What are key features of this property?
This property features: Four individual residential units; Built in 2006; Located in Los Senderos Subdivision
