4-Unit Gated
New
For Sale
$450,000
3702 S Embassy Avenue, Pharr, TX 78577
The property is fully leased and includes a mix of two- and three-bedroom residences.
Property Size5,030 SF
Price / SF$89.46
Days on Market4
Property Features for 3702 S Embassy Avenue
General Information
Standard status
Active
Size
5,030 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
2 x 3BR/2.5BA, 2 x 2BR/2.5BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,329
Amenities
gated community
Ceiling Fan(s)
Building Details
Building Size
5,030 SF
Year Built
2008
Buildings
1
Stories
2
Units
4
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:44PM
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
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Investment Insights
Based on property information with market context.
This 2008-built quadplex contains 5,030 square feet of living area across four residences. Two units have three bedrooms and 2.5 bathrooms each; the other two offer two bedrooms and 2.5 bathrooms apiece. The property is fully leased and situated within a gated community.
At 3702 S Embassy Avenue in Pharr, the property is near shopping, dining, and local attractions.
At 3702 S Embassy Avenue in Pharr, the property is near shopping, dining, and local attractions.
Key Highlights
- Four residential units totaling 5,030 square feet
- Two units with 3 bedrooms and 2.5 baths; two units with 2 bedrooms and 2.5 baths
- Fully leased within a gated community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,499
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,980
$810.0K
Cap Rate 7%
$578,557
$578.6K
Cap Rate 9%
$449,989
$450.0K
Market Conditions
NOI Build-Up for 5,030 SF
Gross rent
$83.3K $16.56/SF
− Vacancy
−$9.7K −$1.92/SF
EGI
$73.6K $14.64/SF
− OpEx
−$33.1K −$6.59/SF
NOI
$40.5K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,980
Cap Rate 7%
$578,557
Cap Rate 9%
$449,989
Alternative Uses
Best Use
Multifamily LT 5
$628.4K
$549.8K – $733.1K
NOI $43,987 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$578.6K
$506.2K – $675.0K
NOI $40,499 @ 7.0% cap · market cap 9.00%
Theoretical Best
Hotel Hospitality
$3.79M
$3.32M – $4.42M
NOI $265,207 @ 7.0% cap · market cap 58.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The property is fully leased and includes a mix of two- and three-bedroom residences.
Where is this quadplex located?
The property is located at 3702 S Embassy Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four residential units totaling 5,030 square feet; Two units with 3 bedrooms and 2.5 baths; two units with 2 bedrooms and 2.5 baths; Fully leased within a gated community
