Four-Unit Quadplex with
For Sale
$425,000
2213 N Erica Street, Pharr, TX 78577
Residential Income, Pharr, TX
Property Size3,952 SF
Lot Size0.21 Acres
Price / SF$107.54
Days on Market339
Property Features for 2213 N Erica Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Parking features
Garage
Exterior features
Mature Trees, Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Dishwasher, Dryer, Microwave, Oven-Microwave, Refrigerator, Stove/Range, Stove/Range-Electric Coil, Washer
Subdivision
Vip Estates
Lot features
Mature Trees, Professional Landscaping, Sidewalks
Elementary school
Ramirez
Middle school
Liberty
High school
PSJA North H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
Going West on Ferguson Ave, turn North onto Erica St. The units will be on the West side.
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
V012500000002900
Size
3,952 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2018
Tax Annual Amount
6840
HOA Fee
$675 Annually
Utilities
Heating system
Electric (Heating), Zoned
Cooling system
Zoned, Electric
Water source
Public
Amenities
gated community
laundry rooms
Building Details
Year built
2005
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Israel Esquivel
(956) 655-5715
Added: Nov 11, 2025
Changed: Oct 8
Last Checked: Oct 16 at 4:06AM
MLS# 486350
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.
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Investment Insights
Based on property information with market context.
Built in 2005, this 3,952-square-foot quadplex contains four two-bedroom, two-bath units. Each residence includes granite countertops, tile flooring, custom cabinetry, a private laundry room, and two covered parking spaces. Brick construction, a shingle roof, zoned electric heating and cooling, privacy fencing, and a sprinkler system complete the property’s physical profile.
The property occupies 0.2124 acres at 2213 N Erica Street in Pharr, Texas, just off the expressway and within a gated community. Public water serves the property, and the existing tenant occupancy provides an operating income component for an investor seeking an established residential asset.
The property occupies 0.2124 acres at 2213 N Erica Street in Pharr, Texas, just off the expressway and within a gated community. Public water serves the property, and the existing tenant occupancy provides an operating income component for an investor seeking an established residential asset.
Key Highlights
- Four 2‑bedroom, 2‑bath units within a 3,952‑square‑foot quadplex
- Each unit includes granite counters, tile flooring, and custom cabinetry
- Two covered parking spaces provided for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,560
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,200
$691.2K
Cap Rate 7%
$493,714
$493.7K
Cap Rate 9%
$384,000
$384.0K
Market Conditions
NOI Build-Up for 3,952 SF
Gross rent
$55.5K $14.04/SF
− Vacancy
−$6.1K −$1.55/SF
EGI
$49.4K $12.49/SF
− OpEx
−$14.8K −$3.75/SF
NOI
$34.6K $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%
$691,200
Cap Rate 7%
$493,714
Cap Rate 9%
$384,000
Alternative Uses
Best Use
Multifamily LT 5
$493.7K
$432.0K – $576.0K
NOI $34,560 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$454.6K
$397.7K – $530.3K
NOI $31,819 @ 7.0% cap · market cap 7.49%
Theoretical Best
Hotel Hospitality
$2.98M
$2.60M – $3.47M
NOI $208,369 @ 7.0% cap · market cap 49.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
582
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 - Four residential units in a gated community feature private laundry rooms, upgraded interiors, and covered parking.
Where is this quadplex located?
The property is located at 2213 N Erica Street Pharr, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath units within a 3,952‑square‑foot quadplex; Each unit includes granite counters, tile flooring, and custom cabinetry; Two covered parking spaces provided for each residence
