Renovated Fourplex with Covered
New
For Sale
$550,000
4718 N Ebony Street, Pharr, TX 78577
MULTI_FAMILY - Pharr, TX
Property Size4,160 SF
Lot Size0.29 Acres
Price / SF$132.21
Days on Market2
Property Features for 4718 N Ebony Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Hacienda Santa Lucia
Lot features
Alley, Sidewalks, Sprinkler System
Elementary school
Long Elem
Middle school
Johnson
High school
PSJA North H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
From 281, east on Nolana, North on Ebony.
Standard status
Active
APN
H042300000002200
Size
4,160 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12165
HOA Fee
$500 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
gated community
enclosed patio
stainless-steel appliances
Building Details
Year built
2016
Floors in Building
1
Number of units
4
Building materials
Brick, Stone
Roof type
Composition
Listing Agency:
Equity Assets Realty
(956) 369-0899
Listed By:
Eugenia Morales
(956) 802-3375
Added: Aug 13
Last Checked: Aug 14 at 10:06AM
MLS# 512462
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 4,160-square-foot quadplex contains four fully leased units within the gated Hacienda Santa Lucia community. Built in 2016 and recently renovated, the property features brick and stone construction, central heating and cooling, composition roofing, public water, and a sprinkler system. Each residence includes three bedrooms, two bathrooms, an enclosed patio, no carpet, a spacious kitchen, and new stainless-steel appliances.
Every unit has assigned covered parking for two vehicles. The property is positioned near Expressway 281 and E. Nolana Loop, with access to shopping, restaurants, schools, major roads, and other amenities. Additional appliances include electric ranges, refrigerators, microwaves, washers, dryers, and electric water heaters.
Every unit has assigned covered parking for two vehicles. The property is positioned near Expressway 281 and E. Nolana Loop, with access to shopping, restaurants, schools, major roads, and other amenities. Additional appliances include electric ranges, refrigerators, microwaves, washers, dryers, and electric water heaters.
Key Highlights
- 4,160‑square‑foot quadplex on a 0.2872‑acre lot
- Four fully leased units, each with 3 bedrooms and 2 bathrooms
- Recently renovated interiors with new stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,379
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$727,580
$727.6K
Cap Rate 7%
$519,700
$519.7K
Cap Rate 9%
$404,211
$404.2K
Market Conditions
NOI Build-Up for 4,160 SF
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.
Gross rent
$58.4K $14.04/SF
− Vacancy
−$6.4K −$1.55/SF
EGI
$52.0K $12.49/SF
− OpEx
−$15.6K −$3.75/SF
NOI
$36.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$727,580
Cap Rate 7%
$519,700
Cap Rate 9%
$404,211
Alternative Uses
Best Use
Multifamily LT 5
$519.7K
$454.7K – $606.3K
NOI $36,379 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$478.5K
$418.7K – $558.2K
NOI $33,494 @ 7.0% cap · market cap 6.09%
Theoretical Best
Hotel Hospitality
$3.13M
$2.74M – $3.66M
NOI $219,336 @ 7.0% cap · market cap 39.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,023
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 multifamily property in a gated community with updated interiors and assigned parking.
Where is this quadplex located?
The property is located at 4718 N Ebony Street Pharr, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,160‑square‑foot quadplex on a 0.2872‑acre lot; Four fully leased units, each with 3 bedrooms and 2 bathrooms; Recently renovated interiors with new stainless‑steel appliances
