Fourplex with Private
For Sale
$539,000
4904 N Crown Point, Pharr, TX 78577
Four updated apartments combine open layouts, private laundry, appliance packages, and access to a gated residential setting.
Property Size3,944 SF
Price / SF$136.66
Days on Market54
Property Features for 4904 N Crown Point
General Information
Standard status
Active
Size
3,944 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Amenities
gated community
private laundry
backyard patio
Building Details
Year Built
2022
Listing Agency:
Texas Landmark Realty Llc
Listed By:
Irene Uribe Manrique De Lara · License #801067752
(956) 492-5638
Source:
Tnt
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 24 at 2:09PM
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 Texas Landmark Realty Llc
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Investment Insights
Based on property information with market context.
Built in 2022, this fourplex contains four 3-bedroom, 2-bath apartments totaling 3,944 square feet. Each residence features an open-concept floor plan, tile flooring, abundant natural light, and a kitchen equipped with a refrigerator, stove, and microwave. Washers and dryers are included in every unit, and private backyard patios extend the living areas outdoors.
The property is located at 4904 N Crown Point in Pharr, near Monmack Place and UTRGV. Its gated-community setting provides a defined residential environment, while the four-unit configuration offers a compact multifamily asset with consistent apartment layouts.
The property is located at 4904 N Crown Point in Pharr, near Monmack Place and UTRGV. Its gated-community setting provides a defined residential environment, while the four-unit configuration offers a compact multifamily asset with consistent apartment layouts.
Key Highlights
- Fourplex with four 3‑bedroom, 2‑bath apartments
- 3,944 square feet completed in 2022
- Gated community near Monmack Place and UTRGV
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,490
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,800
$689.8K
Cap Rate 7%
$492,714
$492.7K
Cap Rate 9%
$383,222
$383.2K
Market Conditions
NOI Build-Up for 3,944 SF
Gross rent
$55.4K $14.04/SF
− Vacancy
−$6.1K −$1.55/SF
EGI
$49.3K $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%
$689,800
Cap Rate 7%
$492,714
Cap Rate 9%
$383,222
Alternative Uses
Best Use
Multifamily LT 5
$492.7K
$431.1K – $574.8K
NOI $34,490 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$453.6K
$396.9K – $529.3K
NOI $31,755 @ 7.0% cap · market cap 5.89%
Theoretical Best
Hotel Hospitality
$2.97M
$2.60M – $3.47M
NOI $207,947 @ 7.0% cap · market cap 38.58%
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
356
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four updated apartments combine open layouts, private laundry, appliance packages, and access to a gated residential setting.
Where is this quadplex located?
The property is located at 4904 N Crown Point Pharr, TX.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Fourplex with four 3‑bedroom, 2‑bath apartments; 3,944 square feet completed in 2022; Gated community near Monmack Place and UTRGV
