Fourplex with Private Fenced
New
For Sale
$415,000
3605 Sheraton Avenue, Pharr, TX 78577
Four three-bedroom residences include in-unit laundry and assigned covered parking within a gated community.
Property Size4,316 SF
Days on Market1
Property Features for 3605 Sheraton Avenue
General Information
Standard status
Active
Size
4,316 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$9,601
Amenities
gated community
granite countertops
refrigerator
stove
tile flooring
ceiling fans
granite bathroom countertops
washer/dryer
private fenced backyard
Building Details
Building Size
4,316 SF
Year Built
2006
Listing Agency:
Frank Garcia Realty
Listed By:
Frank Garcia
(956) 207-6328
Source:
Primeluxuryrealestate
Added: Nov 1
Last Checked: Nov 1 at 3:59PM
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 Frank Garcia Realty
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Investment Insights
Based on property information with market context.
This 2006 quadplex contains four units, each with 3 bedrooms, 2 bathrooms, and approximately 1,079 square feet of living area. Interior features include open kitchens with granite counters, tile flooring, ceiling fans, and utility closets equipped with full-size washers and dryers. Refrigerators and stoves are also included. Each residence has a fenced private backyard and two assigned covered parking spaces.
The property is within the gated Jackson South Apartments community in Pharr. The listed destinations—including retail, dining, entertainment, medical services, and McAllen International Airport—are approximately 10–12 minutes away.
The property is within the gated Jackson South Apartments community in Pharr. The listed destinations—including retail, dining, entertainment, medical services, and McAllen International Airport—are approximately 10–12 minutes away.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- Approximately 1,079 SF of living area per unit
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,743
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,860
$754.9K
Cap Rate 7%
$539,186
$539.2K
Cap Rate 9%
$419,367
$419.4K
Market Conditions
NOI Build-Up for 4,316 SF
Gross rent
$60.6K $14.04/SF
− Vacancy
−$6.7K −$1.55/SF
EGI
$53.9K $12.49/SF
− OpEx
−$16.2K −$3.75/SF
NOI
$37.7K $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%
$754,860
Cap Rate 7%
$539,186
Cap Rate 9%
$419,367
Alternative Uses
Best Use
Multifamily LT 5
$539.2K
$471.8K – $629.1K
NOI $37,743 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$496.4K
$434.4K – $579.2K
NOI $34,750 @ 7.0% cap · market cap 8.37%
Theoretical Best
Hotel Hospitality
$3.25M
$2.84M – $3.79M
NOI $227,561 @ 7.0% cap · market cap 54.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four three-bedroom residences include in-unit laundry and assigned covered parking within a gated community.
Where is this quadplex located?
The property is located at 3605 Sheraton Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; Approximately 1,079 SF of living area per unit; Built in 2006
