Well-Maintained Fourplex in Gated
For Sale
Contact for pricing
3606 Sheraton Avenue, Pharr, TX 78577
Fourplex with 2-bedroom, 2-bath units, mature landscaping, and appliances, with two currently leased and two vacant.
Property Size4,212 SF
Price / SF$102.09
Days on Market92
Property Features for 3606 Sheraton Avenue
General Information
Standard status
Active
Size
4,212 SF
Property subtype
Multifamily
Building Details
Year Built
2006
Listing Agency:
SVN | Hanna Solutions Commerical Real Estate
Listed By:
Eric Carrizales · License #714196
Source:
Crexi
Added: May 1
Changed: Jul 22
Last Checked: Jul 30 at 4:18AM
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 SVN | Hanna Solutions Commerical Real Estate
Investment Insights
Based on property information with market context.
This well-maintained fourplex includes four separate residential units within a gated community. Each unit features a functional layout with 2 bedrooms and 2 bathrooms. Appliances are included, and the property is described as having mature landscaping.
According to the current information, two units are currently leased and two units are vacant, offering flexibility for either an investor seeking rental growth or an owner-occupant looking for additional income.
The property is offered for sale at 3606 Sheraton Avenue in Pharr, Texas, as a residential income asset consisting of four units.
According to the current information, two units are currently leased and two units are vacant, offering flexibility for either an investor seeking rental growth or an owner-occupant looking for additional income.
The property is offered for sale at 3606 Sheraton Avenue in Pharr, Texas, as a residential income asset consisting of four units.
Key Highlights
- 2006‑built fourplex with 2‑bedroom, 2‑bath units
- Two units currently leased and two units vacant
- Located in a gated community
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.1k | $14.04 |
| − Vacancy | −$6.5k | −$1.55 |
| EGI | $52.6k | $12.49 |
| − OpEx | −$15.8k | −$3.75 |
| NOI | $36.8k | $8.74 |
4,212 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$526.2K
$460.4K – $613.9K
NOI $36,834 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$484.5K
$423.9K – $565.2K
NOI $33,913 @ 7.0% cap · market cap 7.89%
Theoretical Best
Hotel Hospitality
$3.17M
$2.78M – $3.70M
NOI $222,078 @ 7.0% cap · market cap 51.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
83
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 - Fourplex with 2-bedroom, 2-bath units, mature landscaping, and appliances, with two currently leased and two vacant.
Where is this quadplex located?
The property is located at 3606 Sheraton Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2006‑built fourplex with 2‑bedroom, 2‑bath units; Two units currently leased and two units vacant; Located in a gated community
