Pharr, TX Multi-Family
3702 S Embassy Avenue Pharr, TX 78577
3702 S Embassy Avenue, Pharr, TX, 78577
$450,000
For Sale
$450,000
MULTI_FAMILY - Pharr, TX
Property Size5,030 SF
Lot Size0.20 Acres
Price / SF$89.46
Days on Market66
Property Features for 3702 S Embassy Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Fencing
- Privacy
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- J235500000000300
- Size
- 5,030 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12329
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2008
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick, Stone
- Roof type
- Composition
Listing Agency
Keller Williams Realty RGV
(956) 928-1155
3300 N Mccoll. Ste P & Q, McAllen, TX
Listed by
Jaime Lee Gonzalez
(956) 599-8400
Added: May 13 Checked: Jul 17 at 12:06 am
MLS# 488916
Listing URL
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 a great investment opportunity. The property features four units with a total living area of approximately 5,030 square feet. Two of the units offer a layout of three bedrooms and 2.5 baths, while the other two units include two bedrooms and 2.5 baths. The property is fully leased and is situated in a convenient location near shopping, dining, and local attractions. The lot size is 0.199 acres.
Key Highlights
- Fully leased 4‑unit multi‑family property: Provides immediate rental income.
- Located in a gated community in Pharr, TX: Offers security.
- Spacious layouts: Two units with 3 bedrooms/2.5 baths and two units with 2 bedrooms/2.5 baths.
Local Financial Insights For Apartment 5plus
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 | $83.3k | $16.56 |
| − Vacancy | −$9.7k | −$1.92 |
| EGI | $73.6k | $14.64 |
| − OpEx | −$33.1k | −$6.59 |
| NOI | $40.5k | $8.05 |
5,030 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multi-family property in gated community, fully leased.
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: Fully leased 4‑unit multi‑family property: Provides immediate rental income.; Located in a gated community in Pharr, TX: Offers security.; Spacious layouts: Two units with 3 bedrooms/2.5 baths and two units with 2 bedrooms/2.5 baths.
