Fully Leased 4-Plex in Gated
New
For Sale
$465,000
3904 Sheraton Avenue, Pharr, TX 78577
Fully leased fourplex in a gated community, close to everyday amenities, with no showings until an offer is accepted.
Days on Market3
Property Features for 3904 Sheraton Avenue
General Information
Standard status
Active
Property subtype
Quadruplex
Occupancy
100%
Amenities
gated community
Building Details
Building Size
3,942 SF
Year Built
2010
Buildings
1
Tenancy
Multi
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Berenice Mariel Gonzalez
Source:
Primeluxuryrealestate
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 3:03AM
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 Encore Fine Properties
Investment Insights
Based on property information with market context.
This fully leased fourplex (quadplex) offers an income-generating residential setup within a gated community. The property is described as well kept, with limited access for viewings—no showings are scheduled until an offer is accepted, and tenants should not be disturbed.
Located at 3904 Sheraton Avenue in Pharr, Texas, the home is positioned close to everyday needs, supporting a straightforward tenancy and day-to-day resident convenience.
For investors seeking an occupied, income-producing multifamily asset, this property’s fully leased status and gated-community setting are key considerations. If you’d like to move forward, showings are limited to the offer-accepted stage per the current access guidance.
Located at 3904 Sheraton Avenue in Pharr, Texas, the home is positioned close to everyday needs, supporting a straightforward tenancy and day-to-day resident convenience.
For investors seeking an occupied, income-producing multifamily asset, this property’s fully leased status and gated-community setting are key considerations. If you’d like to move forward, showings are limited to the offer-accepted stage per the current access guidance.
Key Highlights
- Fully leased fourplex (quadplex)
- Gated community setting
- No showings until an offer is accepted; do not disturb tenants
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 | $55.3k | $14.04 |
| − Vacancy | −$6.1k | −$1.55 |
| EGI | $49.2k | $12.49 |
| − OpEx | −$14.8k | −$3.75 |
| NOI | $34.5k | $8.74 |
3,942 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.5K
$430.9K – $574.6K
NOI $34,473 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$453.4K
$396.7K – $529.0K
NOI $31,739 @ 7.0% cap · market cap 6.83%
Theoretical Best
Hotel Hospitality
$2.97M
$2.60M – $3.46M
NOI $207,842 @ 7.0% cap · market cap 44.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
83
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 - Fully leased fourplex in a gated community, close to everyday amenities, with no showings until an offer is accepted.
Where is this quadplex located?
The property is located at 3904 Sheraton Avenue Pharr, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Fully leased fourplex (quadplex); Gated community setting; No showings until an offer is accepted; do not disturb tenants
