Quadplex with Private
For Sale
Contact for pricing
314 W Albatross Avenue, Pharr, TX 78577
Built in 2013, the property combines four residential units with consistent two-bedroom, two-bath layouts and individual outdoor patio areas.
Property Size3,888 SF
Price / SF$92.57
Days on Market74
Property Features for 314 W Albatross Avenue
General Information
Standard status
Active
Size
3,888 SF
Total Parking Spaces
8
Property subtype
Multifamily
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Amenities
private patio area
Building Details
Year Built
2013
Buildings
2
Units
4
Listing Agency:
Star Realty Group, LLC
(956) 929-9494
Listed By:
Leo Guerrero · License #TREC # 0531764
Source:
Crexi
Added: Jun 18
Changed: Aug 29
Last Checked: Aug 29 at 2:09PM
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.
Located at 314 W Albatross Avenue in Pharr, Texas, this quadplex contains 3,888 square feet and was constructed in 2013. The building includes four residential units, each arranged with two bedrooms and two full bathrooms.
Every unit also has a private patio area, providing dedicated outdoor space alongside the interior living areas. The consistent floor plan across all four residences creates a uniform configuration within the property, with each unit offering the same bedroom and bathroom count.
Every unit also has a private patio area, providing dedicated outdoor space alongside the interior living areas. The consistent floor plan across all four residences creates a uniform configuration within the property, with each unit offering the same bedroom and bathroom count.
Key Highlights
- 4 residential units, each with 2 bedrooms and 2 full baths
- 3,888 square feet of total property size
- Private patio area provided for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,304
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,080
$626.1K
Cap Rate 7%
$447,200
$447.2K
Cap Rate 9%
$347,822
$347.8K
Market Conditions
NOI Build-Up for 3,888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.4K $16.56/SF
− Vacancy
−$7.5K −$1.92/SF
EGI
$56.9K $14.64/SF
− OpEx
−$25.6K −$6.59/SF
NOI
$31.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,080
Cap Rate 7%
$447,200
Cap Rate 9%
$347,822
Alternative Uses
Best Use
Multifamily LT 5
$485.7K
$425.0K – $566.7K
NOI $34,000 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$447.2K
$391.3K – $521.7K
NOI $31,304 @ 7.0% cap · market cap 8.70%
Theoretical Best
Hotel Hospitality
$2.93M
$2.56M – $3.42M
NOI $204,995 @ 7.0% cap · market cap 56.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
328
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2013, the property combines four residential units with consistent two-bedroom, two-bath layouts and individual outdoor patio areas.
Where is this quadplex located?
The property is located at 314 W Albatross Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 4 residential units, each with 2 bedrooms and 2 full baths; 3,888 square feet of total property size; Private patio area provided for every unit
