Four-Unit Multi-Family
For Sale
$450,000
3704 S Embassy Avenue, Pharr, TX 78577
Four fully leased units in a gated Pharr community, including 3-bedroom and 2-bedroom layouts.
Property Size5,030 SF
Days on Market99
Property Features for 3704 S Embassy Avenue
General Information
Standard status
Active
Size
5,030 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$12,329
Building Details
Building Size
5,030 SF
Year Built
2008
Listing Agency:
Keller Williams Realty RGV
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Source:
Primeluxuryrealestate
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 25 at 12:42AM
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 four-unit multi-family property is located within a gated community and is fully leased. The overall configuration includes two units with three bedrooms and 2.5 baths, along with two additional units featuring two bedrooms and 2.5 baths.
The property is described as being conveniently located near shopping, dining, and local attractions in Pharr, Texas.
The asset totals approximately 5,030 square feet of living area across the four units, offering tenant layouts with 2.5 bathrooms in each unit.
The property is described as being conveniently located near shopping, dining, and local attractions in Pharr, Texas.
The asset totals approximately 5,030 square feet of living area across the four units, offering tenant layouts with 2.5 bathrooms in each unit.
Key Highlights
- 4‑unit multi‑family property in a gated community in Pharr, TX (Year built: 2008)
- Approximately 5,030 sq ft total living area
- Unit mix: two units with 3 bedrooms and 2.5 baths, plus two units with 2 bedrooms and 2.5 baths
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
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Location Intelligence
Trade Area within ½ mile
81
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four fully leased units in a gated Pharr community, including 3-bedroom and 2-bedroom layouts.
Where is this quadplex located?
The property is located at 3704 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: 4‑unit multi‑family property in a gated community in Pharr, TX (Year built: 2008); Approximately 5,030 sq ft total living area; Unit mix: two units with 3 bedrooms and 2.5 baths, plus two units with 2 bedrooms and 2.5 baths
