Four-Unit Apartment
For Sale
$439,900
4902 N Hiawatha Drive, Pharr, TX 78577
Gated access, private outdoor space, and covered parking serve each residence.
Property Size4,172 SF
Days on Market29
Property Features for 4902 N Hiawatha Drive
General Information
Standard status
Active
Size
4,172 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$12,491
Amenities
ceramic tile
refrigerator
stove/range
microwave oven
ceiling fans
private back yard
secured gated entrance
Building Details
Building Size
4,172 SF
Year Built
2022
Listing Agency:
Acero Real Estate Experts LLC
Listed By:
Edward Maldonado
(956) 624-7965
Source:
Primeluxuryrealestate
Added: Sep 13
Changed: Oct 7
Last Checked: Oct 10 at 2:02AM
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 Acero Real Estate Experts LLC
Investment Insights
Based on property information with market context.
This 4,172-square-foot quadplex contains four residences, each offering three bedrooms and two bathrooms. Interior finishes include ceramic tile, with a refrigerator, stove/range, microwave oven, and ceiling fans provided in every unit. Each residence also includes a private backyard and two covered parking areas.
A secured gated entrance serves the property at 4902 N Hiawatha Dr in Pharr, TX. The combination of four similarly configured units, individual outdoor space, and dedicated covered parking creates a consistent residential layout across the building.
A secured gated entrance serves the property at 4902 N Hiawatha Dr in Pharr, TX. The combination of four similarly configured units, individual outdoor space, and dedicated covered parking creates a consistent residential layout across the building.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,172 square feet of building area
- Ceramic tile throughout each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,484
Cap Rate
8.29%
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 8.29%
Second Best
Apartment 5plus
$479.9K
$419.9K – $559.9K
NOI $33,591 @ 7.0% cap · market cap 7.64%
Theoretical Best
Hotel Hospitality
$3.14M
$2.75M – $3.67M
NOI $219,969 @ 7.0% cap · market cap 50.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Quadplex - Gated access, private outdoor space, and covered parking serve each residence.
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 $439,900.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; 4,172 square feet of building area; Ceramic tile throughout each unit
