Pharr Multi-Family Investment
3701 S Embassy Avenue Pharr, TX 78577
For Sale
$425,000
MULTI_FAMILY - Pharr, TX
Property Size4,396 SF
Lot Size0.21 Acres
Price / SF$96.68
Days on Market72
Property Features for 3701 S Embassy Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- J235500000001100
- Size
- 4,396 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10610
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2006
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: May 13
Last Checked: Jul 23 at 7:06PM
MLS# 488970
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-family property, located in a gated community in Pharr, TX, presents an investment opportunity. The property features four units, with a total living area of approximately 4,396 square feet. Each unit includes 3 bedrooms and 3 baths, offering spacious layouts for tenants. The property is fully leased and is situated near shopping, dining, and local attractions. The lot size is 0.2112 acres.
Key Highlights
- Fully leased 4‑unit multi‑family property
- Located in a gated community
- Each unit features 3 bedrooms and 3 baths
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 | $61.7k | $14.04 |
| − Vacancy | −$6.8k | −$1.55 |
| EGI | $54.9k | $12.49 |
| − OpEx | −$16.5k | −$3.75 |
| NOI | $38.4k | $8.74 |
4,396 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit multi-family property in a gated community, fully leased.
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: Fully leased 4‑unit multi‑family property; Located in a gated community; Each unit features 3 bedrooms and 3 baths
