Four-Unit Residential Property with
For Sale
$575,000
3516 S Dominique Drive, Pharr, TX 78577
Each three-bedroom residence includes private outdoor space and separate water and electric meters.
Property Size4,200 SF
Days on Market15
Property Features for 3516 S Dominique Drive
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 3BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$17,178
Amenities
gated community
private patio
washer and dryer
stainless steel appliances
sprinkler system
Building Details
Building Size
4,200 SF
Year Built
2024
Buildings
1
Stories
2
Listing Agency:
Keller Williams Realty RGV
Listed By:
Maggie Harris · License #TREC#0530155
(956) 566-8377
Source:
Primeluxuryrealestate
Added: Sep 26
Changed: Oct 9
Last Checked: Oct 10 at 12:13AM
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.
Built in 2024, this two-story quadplex contains four three-bedroom residences in a gated community. Every unit has a private patio, including the upper-level residences. Interior features include tile flooring, custom kitchen cabinetry, contemporary fixtures, and stainless steel refrigerators, stoves, and micro-hoods. Washers and dryers are included in each unit, and water and electricity are separately metered by residence. The property also has a sprinkler system.
The property is in Pharr, Texas, with access to an expressway.
The property is in Pharr, Texas, with access to an expressway.
Key Highlights
- Four three‑bedroom residences in a two‑story building
- Private patio for every unit, including upper‑level units
- Separate water and electric meters for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,729
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,580
$734.6K
Cap Rate 7%
$524,700
$524.7K
Cap Rate 9%
$408,100
$408.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$59.0K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.5K $12.49/SF
− OpEx
−$15.7K −$3.75/SF
NOI
$36.7K $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%
$734,580
Cap Rate 7%
$524,700
Cap Rate 9%
$408,100
Alternative Uses
Best Use
Multifamily LT 5
$524.7K
$459.1K – $612.2K
NOI $36,729 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$483.1K
$422.7K – $563.6K
NOI $33,816 @ 7.0% cap · market cap 5.88%
Theoretical Best
Hotel Hospitality
$3.16M
$2.77M – $3.69M
NOI $221,445 @ 7.0% cap · market cap 38.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
199
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Each three-bedroom residence includes private outdoor space and separate water and electric meters.
Where is this quadplex located?
The property is located at 3516 S Dominique Drive Pharr, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four three‑bedroom residences in a two‑story building; Private patio for every unit, including upper‑level units; Separate water and electric meters for each residence
