Fully Leased 4-Plex with
For Sale
Contact for pricing
3841 N Mezcal Drive, Pharr, TX 78577
Four spacious 3 bed, 2 bath units with private patios and stainless steel appliances, fully leased for income.
Property Size4,250 SF
Price / SF$128.12
Days on Market87
Property Features for 3841 N Mezcal Drive
General Information
Standard status
Active
Size
4,250 SF
Property subtype
Multifamily
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Opportunity Zone
Yes
Multifamily Units
4
Amenities
private patios
walk-in closets
custom wood cabinetry
luxury lighting
stainless steel appliances
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Texas Landmark Realty LLC
Listed By:
Irene Uribe Manrique de Lara
Source:
Crexi
Added: May 6
Changed: Jul 23
Last Checked: Jul 30 at 1:01PM
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 Texas Landmark Realty LLC
Investment Insights
Based on property information with market context.
This fully leased 4-plex offers four spacious 3-bedroom, 2-bath units, each with a large private patio. The units include walk-in closets, custom floor-to-ceiling wood cabinetry, luxury lighting, and stainless steel appliances. One unit is available for showings.
The property is located at 3841 N Mezcal Drive in Pharr, Texas, within the Pharr ETJ in Hidalgo County, and sits next to Wilson Park. Public remarks also note easy expressway access and commuting convenience.
Utilities are described as NAWS and MVECO, with low operating costs referenced in the remarks. The property is also noted as being within an IRS-designated Opportunity Zone, which may provide potential tax advantages for qualified investors.
The property is located at 3841 N Mezcal Drive in Pharr, Texas, within the Pharr ETJ in Hidalgo County, and sits next to Wilson Park. Public remarks also note easy expressway access and commuting convenience.
Utilities are described as NAWS and MVECO, with low operating costs referenced in the remarks. The property is also noted as being within an IRS-designated Opportunity Zone, which may provide potential tax advantages for qualified investors.
Key Highlights
- 2025‑built 4‑plex with four spacious 3 bed, 2 bath units
- All units include private patios
- Stainless steel appliances included in each unit
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 | $59.7k | $14.04 |
| − Vacancy | −$6.6k | −$1.55 |
| EGI | $53.1k | $12.49 |
| − OpEx | −$15.9k | −$3.75 |
| NOI | $37.2k | $8.74 |
4,250 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$530.9K
$464.6K – $619.4K
NOI $37,166 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$488.8K
$427.7K – $570.3K
NOI $34,219 @ 7.0% cap · market cap 6.28%
Theoretical Best
Hotel Hospitality
$3.20M
$2.80M – $3.73M
NOI $224,081 @ 7.0% cap · market cap 41.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
199
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four spacious 3 bed, 2 bath units with private patios and stainless steel appliances, fully leased for income.
Where is this quadplex located?
The property is located at 3841 N Mezcal Drive Pharr, TX.
What is the asking price?
The asking price for this property is $544,500.
What are key features of this property?
This property features: 2025‑built 4‑plex with four spacious 3 bed, 2 bath units; All units include private patios; Stainless steel appliances included in each unit
