Newly Built Fourplex Income
1900 W Violet Drive Pharr, TX 78577
New
1900 W Violet Drive, Pharr, TX, 78577
$550,000
For Sale
$550,000
MULTI_FAMILY - Pharr, TX
Property Size4,100 SF
Lot Size0.24 Acres
Price / SF$134.15
Days on Market2
Property Features for 1900 W Violet Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Property condition
- Under Construction
- Parking
- 8
- Patio and Porch features
- Patio
- Exterior features
- Mature Trees, Sprinkler System
- Appliances
- Electric Water Heater, Water Heater (Laundry Room), Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- S057000000000500
- Size
- 4,100 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3062
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 10
- Building materials
- Stucco
- Roof type
- Shingle
Listing agency
BIG Realty
(956) 465-0011
Listed by
Omar Govea
(956) 929-2345
Added: Jul 21 Checked: Jul 22 at 7:06PM
MLS# 510107
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.
Investment Insights
Based on property information with market context.
Newly custom-built fourplex offering four residential units, all currently leased. The mix includes two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. Each unit features an open-concept living, dining, and kitchen area, spacious bedrooms, modern finishes, and a private backyard. Units are delivered with kitchen appliances and included washer and dryer.
The property is located in Pharr, TX, on W Violet Drive, positioned near restaurants, shopping centers, hospitals, and retail.
With four well-appointed units and appliances included, the property provides an income-producing setup for investors seeking a turnkey multifamily asset.
The property is located in Pharr, TX, on W Violet Drive, positioned near restaurants, shopping centers, hospitals, and retail.
With four well-appointed units and appliances included, the property provides an income-producing setup for investors seeking a turnkey multifamily asset.
Key Highlights
- Newly custom‑built 4‑plex under construction (Year built: 2025) with four units total
- Unit mix: two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units
- Open‑concept living, dining, and kitchen layouts; each unit includes a private backyard and kitchen appliances
Local Financial Insights For Multifamily LT 5
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 | $57.6k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $51.2k | $12.49 |
| − OpEx | −$15.4k | −$3.75 |
| NOI | $35.9k | $8.74 |
4,100 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$512.2K
$448.2K – $597.6K
NOI $35,854 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$471.6K
$412.6K – $550.2K
NOI $33,011 @ 7.0% cap · market cap 6.00%
Theoretical Best
Hotel Hospitality
$3.09M
$2.70M – $3.60M
NOI $216,173 @ 7.0% cap · market cap 39.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Newly custom-built fourplex with four leased units, including two 3-bedroom and two 2-bedroom residences.
Where is this quadplex located?
The property is located at 1900 W Violet Drive Pharr, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Newly custom‑built 4‑plex under construction (Year built: 2025) with four units total; Unit mix: two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units; Open‑concept living, dining, and kitchen layouts; each unit includes a private backyard and kitchen appliances
