Fourplex with
New
For Sale
$520,000
1402 W Kiwi Avenue, Pharr, TX 78577
The 2006-built property is fully occupied and includes a laundry room.
Property Size4,974 SF
Price / SF$104.54
Days on Market4
Property Features for 1402 W Kiwi Avenue
General Information
Standard status
Active
Size
4,974 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,045
Amenities
Carpet,Laminate,Tile
true
Laundry Room
HidalgoCAD
Ceiling Fan(s),Dryer,Microwave,Walk-In Closet(s),Washer
Wood
false
Curb & Gutters
Public
2
85x102
No Garage
Paved
Balcony
Slab
4974
1
5
Building Details
Building Size
4,974 SF
Year Built
2006
Stories
2
Listing Agency:
RE/MAX elite
(956) 539-7317
Listed By:
Sergio Guerra
Source:
Cncrealtyrgv
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:28AM
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 RE/MAX elite
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Investment Insights
Based on property information with market context.
This four-unit residential income property in Pharr contains 4,974 square feet and was built in 2006. Interior features include carpet, laminate and tile flooring, ceiling fans, walk-in closets, and a laundry room. Washer and dryer appliances and microwaves are also listed, along with balconies.
The property is fully occupied. Its address is 1402 W Kiwi Avenue, Pharr, Texas.
The property is fully occupied. Its address is 1402 W Kiwi Avenue, Pharr, Texas.
Key Highlights
- Four units in a 4,974‑square‑foot building
- Built in 2006
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,497
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,940
$869.9K
Cap Rate 7%
$621,386
$621.4K
Cap Rate 9%
$483,300
$483.3K
Market Conditions
NOI Build-Up for 4,974 SF
Gross rent
$69.8K $14.04/SF
− Vacancy
−$7.7K −$1.55/SF
EGI
$62.1K $12.49/SF
− OpEx
−$18.6K −$3.75/SF
NOI
$43.5K $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%
$869,940
Cap Rate 7%
$621,386
Cap Rate 9%
$483,300
Alternative Uses
Best Use
Multifamily LT 5
$621.4K
$543.7K – $725.0K
NOI $43,497 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$572.1K
$500.6K – $667.5K
NOI $40,048 @ 7.0% cap · market cap 7.70%
Theoretical Best
Hotel Hospitality
$3.75M
$3.28M – $4.37M
NOI $262,254 @ 7.0% cap · market cap 50.43%
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
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The 2006-built property is fully occupied and includes a laundry room.
Where is this quadplex located?
The property is located at 1402 W Kiwi Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Four units in a 4,974‑square‑foot building; Built in 2006; Fully occupied
