Gated Community
For Sale
$380,000
3904 Sheraton Avenue, Pharr, TX 78577
Residential Income, Pharr, TX
Property Size3,942 SF
Lot Size0.21 Acres
Price / SF$96.40
Days on Market99
Property Features for 3904 Sheraton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Mature Trees
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
Subdivision
Jackson South Estates
Lot features
Curb & Gutters
Elementary school
Palmer
Middle school
Kennedy
High school
PSJA H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
Google maps copy & paste: https://maps.app.goo.gl/VyyJXhjnEjmd6ujG6
Standard status
Active
APN
J235500000006500
Size
3,942 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6224
HOA Fee
$450 Annually
Utilities
Heating system
Floor Furnace, Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
gated community
Building Details
Year built
2010
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Berenice Mariel Gonzalez · License #TX-774202
(956) 578-6868
Added: Jul 27
Changed: Oct 26
Last Checked: Nov 2 at 3:06PM
MLS# 510772
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.
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Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,942 square feet on a 0.2129-acre lot. The building features stucco construction, composition roofing, central air, electric heating, a garage, patio areas, privacy fencing, and mature trees. Public water service is in place, and the property includes electric water heating along with refrigerators, electric coil ranges, washers, and dryers.
The quadplex is located within a gated community in Pharr, Texas, at 3904 Sheraton Avenue. The property is fully leased and includes on-site garage parking, with exterior features suited to a residential rental setting.
The quadplex is located within a gated community in Pharr, Texas, at 3904 Sheraton Avenue. The property is fully leased and includes on-site garage parking, with exterior features suited to a residential rental setting.
Key Highlights
- Four‑unit property with 3,942 square feet
- Fully leased quadplex in a gated community
- 0.2129‑acre lot at 3904 Sheraton Avenue, Pharr, TX 78577
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,473
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,460
$689.5K
Cap Rate 7%
$492,471
$492.5K
Cap Rate 9%
$383,033
$383.0K
Market Conditions
NOI Build-Up for 3,942 SF
Gross rent
$55.3K $14.04/SF
− Vacancy
−$6.1K −$1.55/SF
EGI
$49.2K $12.49/SF
− OpEx
−$14.8K −$3.75/SF
NOI
$34.5K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,460
Cap Rate 7%
$492,471
Cap Rate 9%
$383,033
Alternative Uses
Best Use
Multifamily LT 5
$492.5K
$430.9K – $574.6K
NOI $34,473 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$453.4K
$396.7K – $529.0K
NOI $31,739 @ 7.0% cap · market cap 8.35%
Theoretical Best
Hotel Hospitality
$2.97M
$2.60M – $3.46M
NOI $207,842 @ 7.0% cap · market cap 54.70%
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
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
62
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
Check the figures for this property
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 - Fully leased four-unit property with garage parking, patio space, and privacy fencing.
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 $380,000.
What are key features of this property?
This property features: Four‑unit property with 3,942 square feet; Fully leased quadplex in a gated community; 0.2129‑acre lot at 3904 Sheraton Avenue, Pharr, TX 78577
