4-Unit Townhouse-Style
New
For Sale
$450,000
1402 Fig Avenue, Pharr, TX 78577
Each residence has an open kitchen with granite counters and a complete appliance set, including a washer and dryer.
Property Size4,710 SF
Price / SF$95.54
Days on Market2
Property Features for 1402 Fig Avenue
General Information
Standard status
Active
Size
4,710 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
gated community
Building Details
Year Built
2006
Construction
townhouse-style
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 2 at 2:32AM
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 Texus Realty
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Investment Insights
Based on property information with market context.
This 4,710-square-foot quadplex contains four townhouse-style apartments, built in 2006. Each unit has an open kitchen with granite countertops and includes a stove, refrigerator, washer, and dryer. The roof was replaced in 2023, and the HOA handles property maintenance.
The gated community is approximately one mile from I-69 and two miles from McAllen. An elementary school is about 2.2 miles away. The property has a rental history.
The gated community is approximately one mile from I-69 and two miles from McAllen. An elementary school is about 2.2 miles away. The property has a rental history.
Key Highlights
- Four townhouse‑style apartments in a gated community
- 4,710 square feet; built in 2006
- Open‑concept kitchens with granite countertops in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,189
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,780
$823.8K
Cap Rate 7%
$588,414
$588.4K
Cap Rate 9%
$457,656
$457.7K
Market Conditions
NOI Build-Up for 4,710 SF
Gross rent
$66.1K $14.04/SF
− Vacancy
−$7.3K −$1.55/SF
EGI
$58.8K $12.49/SF
− OpEx
−$17.7K −$3.75/SF
NOI
$41.2K $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%
$823,780
Cap Rate 7%
$588,414
Cap Rate 9%
$457,656
Alternative Uses
Best Use
Multifamily LT 5
$588.4K
$514.9K – $686.5K
NOI $41,189 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$541.7K
$474.0K – $632.0K
NOI $37,922 @ 7.0% cap · market cap 8.43%
Theoretical Best
Hotel Hospitality
$3.55M
$3.10M – $4.14M
NOI $248,335 @ 7.0% cap · market cap 55.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
329
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has an open kitchen with granite counters and a complete appliance set, including a washer and dryer.
Where is this quadplex located?
The property is located at 1402 Fig Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four townhouse‑style apartments in a gated community; 4,710 square feet; built in 2006; Open‑concept kitchens with granite countertops in each unit
