2022 Quadplex with Gated
For Sale
$399,900
4902 N Hiawatha Drive, Pharr, TX 78577
Residential Income, Pharr, TX
Property Size4,172 SF
Lot Size0.25 Acres
Price / SF$95.85
Days on Market52
Property Features for 4902 N Hiawatha Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Microwave, Refrigerator, Stove/Range
Subdivision
West Ridge Estates
Lot features
Curb & Gutters, Sidewalks, Sprinkler System
Elementary school
Arnold
Middle school
Johnson
High school
PSJA H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
South on Sugar Rd, go East on Minnesota Rd. It will be the first Entrance before Frontage 281 on the South Side of Minnesota Rd.
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Active
APN
W378503000001400
Size
4,172 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
12491
HOA Fee
$600 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
secured gated entrance
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Brick, Stone
Roof type
Composition
Listing Agency:
Acero Real Estate Experts LLC
Listed By:
Edward Maldonado
(956) 624-7965
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 25 at 10:06AM
MLS# 514489
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.
Built in 2022, this four-unit residential property contains 4,172 square feet on a 0.2521-acre lot. Each residence includes three bedrooms and two baths, ceramic tile flooring, ceiling fans in the bedrooms and living area, and a private backyard. Kitchens are equipped with a refrigerator, stove/range, and microwave oven. Central electric heating and cooling serve the units, while brick and stone comprise the exterior construction.
The property at 4902 N Hiawatha Drive in Pharr includes a secured gated entrance, two covered parking areas for each unit, garage parking, and a sprinkler system. Public water serves the property, and the roof is composition material.
The property at 4902 N Hiawatha Drive in Pharr includes a secured gated entrance, two covered parking areas for each unit, garage parking, and a sprinkler system. Public water serves the property, and the roof is composition material.
Key Highlights
- Four‑unit property with 4,172 square feet on 0.2521 acres
- Each unit has 3 bedrooms and 2 baths
- Built in 2022 with brick and stone construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,484
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,680
$729.7K
Cap Rate 7%
$521,200
$521.2K
Cap Rate 9%
$405,378
$405.4K
Market Conditions
NOI Build-Up for 4,172 SF
Gross rent
$58.6K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.1K $12.49/SF
− OpEx
−$15.6K −$3.75/SF
NOI
$36.5K $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%
$729,680
Cap Rate 7%
$521,200
Cap Rate 9%
$405,378
Alternative Uses
Best Use
Multifamily LT 5
$521.2K
$456.1K – $608.1K
NOI $36,484 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$479.9K
$419.9K – $559.9K
NOI $33,591 @ 7.0% cap · market cap 8.40%
Theoretical Best
Hotel Hospitality
$3.14M
$2.75M – $3.67M
NOI $219,969 @ 7.0% cap · market cap 55.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
394
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four three-bedroom residences offer tiled interiors, private yards, appliances, and covered garage parking.
Where is this quadplex located?
The property is located at 4902 N Hiawatha Drive Pharr, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four‑unit property with 4,172 square feet on 0.2521 acres; Each unit has 3 bedrooms and 2 baths; Built in 2022 with brick and stone construction
