Four-Unit Gated
For Sale
$425,000
3701 S Embassy Avenue, Pharr, TX 78577
Fully leased multifamily property with three-bedroom, three-bath layouts in a gated community.
Property Size4,396 SF
Price / SF$96.68
Days on Market23
Property Features for 3701 S Embassy Avenue
General Information
Standard status
Active
Size
4,396 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
4 x 3BR/3BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,610
Building Details
Building Size
4,396 SF
Year Built
2006
Buildings
1
Stories
1
Units
4
Listing Agency:
Keller Williams Realty RGV
(956) 599-8400
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Source:
Buyingandsellingmcallen
Added: Aug 8
Changed: Aug 30
Last Checked: Aug 30 at 3:03AM
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.
This quadplex contains 4 residential units with approximately 4,396 square feet of combined living area. Each unit is configured with 3 bedrooms and 3 baths, providing consistent layouts across the property. The building was constructed in 2006 and is situated within a gated community.
Located at 3701 S Embassy Avenue in Pharr, the property is near shopping, dining, and local attractions. All units are currently leased, offering an established occupancy profile for the multifamily asset.
Located at 3701 S Embassy Avenue in Pharr, the property is near shopping, dining, and local attractions. All units are currently leased, offering an established occupancy profile for the multifamily asset.
Key Highlights
- 4‑unit quadplex with approximately 4,396 square feet of total living area
- Each unit includes 3 bedrooms and 3 baths
- Fully leased multifamily property
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
$38,443
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
9.05%
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%
$768,860
$768.9K
Cap Rate 7%
$549,186
$549.2K
Cap Rate 9%
$427,144
$427.1K
Market Conditions
NOI Build-Up for 4,396 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
$61.7K $14.04/SF
− Vacancy
−$6.8K −$1.55/SF
EGI
$54.9K $12.49/SF
− OpEx
−$16.5K −$3.75/SF
NOI
$38.4K $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 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%
$768,860
Cap Rate 7%
$549,186
Cap Rate 9%
$427,144
Alternative Uses
Best Use
Multifamily LT 5
$549.2K
$480.5K – $640.7K
NOI $38,443 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$505.6K
$442.4K – $589.9K
NOI $35,394 @ 7.0% cap · market cap 8.33%
Theoretical Best
Hotel Hospitality
$3.31M
$2.90M – $3.86M
NOI $231,779 @ 7.0% cap · market cap 54.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
117
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased multifamily property with three-bedroom, three-bath layouts in a gated community.
Where is this quadplex located?
The property is located at 3701 S Embassy Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4‑unit quadplex with approximately 4,396 square feet of total living area; Each unit includes 3 bedrooms and 3 baths; Fully leased multifamily property
