Fully Leased 4plex in Gated
3904 Sheraton Avenue Pharr, TX 78577
New
For Sale
$465,000
MULTI_FAMILY - Pharr, TX
Property Size3,942 SF
Lot Size0.21 Acres
Price / SF$117.96
Days on Market4
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
Standard status
Active
APN
J235500000006500
Size
3,942 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6224
Utilities
Heating system
Central, Floor Furnace, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
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
(956) 578-6868
Added: Jul 27
Changed: Jul 29
Last Checked: Jul 30 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This fully leased 4plex was built in 2015 and is described as well kept. The property contains four units within a single residential income configuration, generating rental income under current occupancy.
Located in Pharr, TX 78577 in a gated community, the listing notes the property is close to everyday conveniences. Please note there are no showings until an offer is accepted, and tenants should not be disturbed.
Located in Pharr, TX 78577 in a gated community, the listing notes the property is close to everyday conveniences. Please note there are no showings until an offer is accepted, and tenants should not be disturbed.
Key Highlights
- Fully leased 4plex with units in a gated community (no showings until offer is accepted; do not disturb tenants).
- Built in 2010; stucco construction with a composition roof.
- Central cooling with electric heating, plus floor furnace heat.
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2015 and fully leased, this Pharr 4plex offers four units in a gated community setting.
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 4plex with units in a gated community (no showings until offer is accepted; do not disturb tenants).; Built in 2010; stucco construction with a composition roof.; Central cooling with electric heating, plus floor furnace heat.
