4-Unit Apartment
New
For Sale
$420,000
1704 W Bronze Street, Pharr, TX 78577
The property contains two- and three-bedroom apartments, each with two bathrooms.
Property Size4,088 SF
Price / SF$102.74
Days on Market1
Property Features for 1704 W Bronze Street
General Information
Standard status
Active
Size
4,088 SF
Property subtype
Apartment
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:14PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Built in 2007, this 4,088-square-foot quadplex contains four apartments. Two units have three bedrooms and two bathrooms; the other two each offer two bedrooms and two bathrooms.
The property is in northern Pharr, a short distance from U.S. Hwy 281. The described access connects with Pharr, McAllen, San Juan, Alamo, and Edinburg.
The property is in northern Pharr, a short distance from U.S. Hwy 281. The described access connects with Pharr, McAllen, San Juan, Alamo, and Edinburg.
Key Highlights
- Four apartments totaling 4,088 square feet
- Two 3‑bedroom, 2‑bathroom units and two 2‑bedroom, 2‑bathroom units
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,749
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,980
$715.0K
Cap Rate 7%
$510,700
$510.7K
Cap Rate 9%
$397,211
$397.2K
Market Conditions
NOI Build-Up for 4,088 SF
Gross rent
$57.4K $14.04/SF
− Vacancy
−$6.3K −$1.55/SF
EGI
$51.1K $12.49/SF
− OpEx
−$15.3K −$3.75/SF
NOI
$35.7K $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%
$714,980
Cap Rate 7%
$510,700
Cap Rate 9%
$397,211
Alternative Uses
Best Use
Multifamily LT 5
$510.7K
$446.9K – $595.8K
NOI $35,749 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$470.2K
$411.4K – $548.6K
NOI $32,914 @ 7.0% cap · market cap 7.84%
Theoretical Best
Hotel Hospitality
$3.08M
$2.69M – $3.59M
NOI $215,540 @ 7.0% cap · market cap 51.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
884
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 - The property contains two- and three-bedroom apartments, each with two bathrooms.
Where is this quadplex located?
The property is located at 1704 W Bronze Street Pharr, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four apartments totaling 4,088 square feet; Two 3‑bedroom, 2‑bathroom units and two 2‑bedroom, 2‑bathroom units; Built in 2007
