Four-Unit Quadplex with
For Sale
Contact for pricing
201 W Albatross Avenue, Pharr, TX 78577
Well-maintained multifamily property with furnished kitchens, private outdoor areas, and separate laundry hookups for each residence.
Property Size3,796 SF
Price / SF$98.79
Days on Market89
Property Features for 201 W Albatross Avenue
General Information
Standard status
Active
Size
3,796 SF
Class
A
Property subtype
Multifamily
Zoning
Multi Family
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$26,004
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Amenities
washer/dryer hookups
private fenced side/backyards
carport parking
Building Details
Year Built
2014
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Ursa Real Estate, LLC
(956) 631-1322
Listed By:
Jacob Galvan · License #744008
Source:
Crexi
Added: Jun 4
Changed: Aug 30
Last Checked: Aug 30 at 10:42AM
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 Ursa Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 2014, this 3,796-square-foot quadplex contains four residential units with a consistent two-bedroom, two-bathroom layout. Each unit measures 949 sq. ft. and includes tile flooring, decorative ceilings, ceiling fans, a refrigerator, and an electric range. Dedicated dining areas extend from the kitchens, while independent washer and dryer hookups add functional convenience.
The units also offer private fenced side and backyards, along with dedicated carport parking. The property is fully occupied and zoned Multi Family, with an address at 201 W Albatross Avenue in Pharr, Texas. Its four-unit configuration provides a straightforward multifamily format with consistent layouts across the building.
The units also offer private fenced side and backyards, along with dedicated carport parking. The property is fully occupied and zoned Multi Family, with an address at 201 W Albatross Avenue in Pharr, Texas. Its four-unit configuration provides a straightforward multifamily format with consistent layouts across the building.
Key Highlights
- Four‑unit multifamily property built in 2014
- Each unit offers 2 bedrooms, 2 bathrooms, and 949 sq. ft.
- Fully occupied property with a 3,796‑square‑foot total size
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
$33,196
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
8.85%
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%
$663,920
$663.9K
Cap Rate 7%
$474,229
$474.2K
Cap Rate 9%
$368,844
$368.8K
Market Conditions
NOI Build-Up for 3,796 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
$53.3K $14.04/SF
− Vacancy
−$5.9K −$1.55/SF
EGI
$47.4K $12.49/SF
− OpEx
−$14.2K −$3.75/SF
NOI
$33.2K $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 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%
$663,920
Cap Rate 7%
$474,229
Cap Rate 9%
$368,844
Alternative Uses
Best Use
Multifamily LT 5
$474.2K
$415.0K – $553.3K
NOI $33,196 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$436.6K
$382.0K – $509.4K
NOI $30,563 @ 7.0% cap · market cap 8.15%
Theoretical Best
Hotel Hospitality
$2.86M
$2.50M – $3.34M
NOI $200,144 @ 7.0% cap · market cap 53.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
321
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained multifamily property with furnished kitchens, private outdoor areas, and separate laundry hookups for each residence.
Where is this quadplex located?
The property is located at 201 W Albatross Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 2014; Each unit offers 2 bedrooms, 2 bathrooms, and 949 sq. ft.; Fully occupied property with a 3,796‑square‑foot total size
