4-Unit Multifamily
For Sale
$349,900
214 W Albatross Ave, Pharr, TX 78577
The units combine two- and three-bedroom layouts with private outdoor patio areas.
Property Size3,744 SF
Price / SF$93.46
Days on Market15
Property Features for 214 W Albatross Ave
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,874
Building Details
Buildings
1
Listing Agency:
Star Realty Group, LLC
(956) 631-0194
Listed By:
Leo Guerrero · License #TREC#0531764
(956) 929-9494
Source:
Exprealty
Added: Sep 23
Changed: Oct 3
Last Checked: Oct 5 at 7:53PM
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 Star Realty Group, LLC
Investment Insights
Based on property information with market context.
This 3,744-square-foot multifamily property in Pharr contains four units, with a mix of two- and three-bedroom layouts. Decorative ceiling details and a private patio area are provided in each unit.
Located at 214 W Albatross Ave, the property offers a small-scale residential income configuration.
Located at 214 W Albatross Ave, the property offers a small-scale residential income configuration.
Key Highlights
- Four residential units with a mix of two- and three‑bedroom layouts
- 3,744 square feet in Pharr
- Each unit has a private patio area and decorative ceiling details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,145
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,900
$602.9K
Cap Rate 7%
$430,643
$430.6K
Cap Rate 9%
$334,944
$334.9K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$62.0K $16.56/SF
− Vacancy
−$7.2K −$1.92/SF
EGI
$54.8K $14.64/SF
− OpEx
−$24.7K −$6.59/SF
NOI
$30.1K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,900
Cap Rate 7%
$430,643
Cap Rate 9%
$334,944
Alternative Uses
Best Use
Multifamily LT 5
$467.7K
$409.3K – $545.7K
NOI $32,741 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$430.6K
$376.8K – $502.4K
NOI $30,145 @ 7.0% cap · market cap 8.62%
Theoretical Best
Hotel Hospitality
$2.82M
$2.47M – $3.29M
NOI $197,402 @ 7.0% cap · market cap 56.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - The units combine two- and three-bedroom layouts with private outdoor patio areas.
Where is this quadplex located?
The property is located at 214 W Albatross Ave Pharr, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Four residential units with a mix of two- and three‑bedroom layouts; 3,744 square feet in Pharr; Each unit has a private patio area and decorative ceiling details
