Listing Agency: Marcus Phipps Real Estate LLC m***@gmail.com Show Phone

Listed By: Myssie Cardenas-Barajas · License #515302

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 8:59PM

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Investment Insights

Based on property information with market context.

This apartment property contains 20 total units across the two-building address. The unit mix includes 4 apartments measuring 875 square feet each and 16 apartments measuring 750 square feet each.

Tenants pay light expenses, providing a defined utility responsibility within the property’s operating structure. The asset is located at 301-303 S Palm Drive in Pharr, Texas.

Key Highlights

• 20 total apartment units
• Unit mix includes 4 units at 875 square feet each
• 16 units measure 750 square feet each

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Butcher (Bike/Boat/Book/etc) Store Locksmith Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20

Residential units

Location Intelligence

Trade Area within ½ mile

776

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property with a mix of efficiently sized apartment units and tenant-paid light expenses.

Where is this apartment building located?

The property is located at 301-303 S Palm Drive Pharr, TX.

What are key features of this property?

This property features: 20 total apartment units; Unit mix includes 4 units at 875 square feet each; 16 units measure 750 square feet each