4-Unit
New
For Sale
$360,000
2109 N Dahlia Street, Pharr, TX 78577
Three apartments are occupied, with one vacant unit available for improvements and leasing.
Property Size3,640 SF
Price / SF$98.90
Days on Market4
Property Features for 2109 N Dahlia Street
General Information
Standard status
Active
Size
3,640 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Financials
Cap Rate
7.5%
Average Monthly Rent
$950
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,054
Amenities
Built-in Features
Ceiling Fan(s)
Dryer
Other
Split Bedrooms
Walk-In Closet(s)
Washer
Mature Trees
Sprinkler System
Building Details
Building Size
3,640 SF
Year Built
2005
Buildings
2
Stories
1
Units
4
Listing Agency:
Golden Valley Real Estate
(956) 499-9179
Listed By:
Leonardo De Leon
(956) 821-4200
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 2:58PM
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 Golden Valley Real Estate
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Investment Insights
Based on property information with market context.
Built in 2005, this Pharr quadplex contains four 2-bedroom, 2-bathroom apartments across 3,640 square feet. Three units are leased, and the remaining apartment is vacant. Residents pay their own utilities. The property sits on a corner lot within VIP Estates, a gated community with controlled access.
Key Highlights
- Four apartments, each with 2 bedrooms and 2 bathrooms
- 3,640 square feet in a building completed in 2005
- Three units leased; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,832
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,640
$636.6K
Cap Rate 7%
$454,743
$454.7K
Cap Rate 9%
$353,689
$353.7K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$51.1K $14.04/SF
− Vacancy
−$5.6K −$1.55/SF
EGI
$45.5K $12.49/SF
− OpEx
−$13.6K −$3.75/SF
NOI
$31.8K $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%
$636,640
Cap Rate 7%
$454,743
Cap Rate 9%
$353,689
Alternative Uses
Best Use
Multifamily LT 5
$454.7K
$397.9K – $530.5K
NOI $31,832 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$418.7K
$366.3K – $488.5K
NOI $29,307 @ 7.0% cap · market cap 8.14%
Theoretical Best
Hotel Hospitality
$2.74M
$2.40M – $3.20M
NOI $191,919 @ 7.0% cap · market cap 53.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
751
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are occupied, with one vacant unit available for improvements and leasing.
Where is this quadplex located?
The property is located at 2109 N Dahlia Street Pharr, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 2 bathrooms; 3,640 square feet in a building completed in 2005; Three units leased; one unit vacant
