Gated Community Four-Plex For
For Sale
$365,000
2216 North Dahlia Street, Pharr, TX 78577
Four identical units, each with 2 bedrooms and 2 bathrooms.
Property Size3,744 SF
Price / SF$97.49
Days on Market306
Property Features for 2216 North Dahlia Street
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Residential Income / Quadruplex
Taxes and HOA fees
Annual Taxes
$9,076
Amenities
Central Air, Electric
Central, Electric, Yes
Tile
Electric Water Heater, Water Heater (Programmable thermostat), Electric Cooktop, Dryer, Refrigerator, Stove/Range, Washer
Yes
Laundry Closet, Washer/Dryer Connection
Ceiling Fan(s)
Slab
No
Composition Shingle
Privacy, Wood
Outbuilding (None)
Sprinkler System
Smoke Detector(s)
2
Property Owners' Assoc.
Brick
Patio Slab
Building Details
Year Built
2005
Listing Agency:
Keller Williams Realty Rgv
Listed By:
Maggie Harris · License #TREC#0530155
(956) 821-9990
Source:
Compass
Added: Dec 13, 2025
Changed: Oct 10
Last Checked: Oct 15 at 1:14AM
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 Keller Williams Realty Rgv
Investment Insights
Based on property information with market context.
This four-plex is located in a secure gated community and offers an opportunity for multi-family living. The property consists of four identical units, each featuring 2 bedrooms and 2 bathrooms, along with private entrances. Each unit includes a modern kitchen with granite countertops, as well as a washer and dryer. The property is conveniently located near the expressway, providing access to other areas. The building has a total size of 3744 square feet. A new roof was installed in 2024. This property is suitable for investors looking to capitalize on a high-demand rental market or families seeking a shared living arrangement.
Key Highlights
- Located in a secure gated community.
- Each unit has 2 bedrooms and 2 bathrooms.
- Four identical units, ideal for multi‑family living or investment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,741
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,820
$654.8K
Cap Rate 7%
$467,729
$467.7K
Cap Rate 9%
$363,789
$363.8K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$52.6K $14.04/SF
− Vacancy
−$5.8K −$1.55/SF
EGI
$46.8K $12.49/SF
− OpEx
−$14.0K −$3.75/SF
NOI
$32.7K $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%
$654,820
Cap Rate 7%
$467,729
Cap Rate 9%
$363,789
Alternative Uses
Best Use
Multifamily LT 5
$467.7K
$409.3K – $545.7K
NOI $32,741 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$430.6K
$376.8K – $502.4K
NOI $30,145 @ 7.0% cap · market cap 8.26%
Theoretical Best
Hotel Hospitality
$2.82M
$2.47M – $3.29M
NOI $197,402 @ 7.0% cap · market cap 54.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
507
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 - Four identical units, each with 2 bedrooms and 2 bathrooms.
Where is this quadplex located?
The property is located at 2216 North Dahlia Street Pharr, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Located in a secure gated community.; Each unit has 2 bedrooms and 2 bathrooms.; Four identical units, ideal for multi‑family living or investment.
