Well-Maintained Fourplex in Gated
4904 N Hiawatha Drive Pharr, TX 78577
4904 N Hiawatha Drive, Pharr, TX, 78577
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For Sale
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Fourplex with spacious units in a desirable Pharr, TX location.
Property Size4,172 SF
Price / SF$122.24
Days on Market119
Property Features for 4904 N Hiawatha Drive
General Information
- Standard status
- Active
- Size
- 4,172 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing Agency
Star Realty Group, LLC
Listed by
Leo Guerrero · License #TREC # 0531764
Source
Crexi
Added: Mar 21 Checked: Jul 17 at 6:31 am
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 Star Realty Group, LLC
Investment Insights
Based on property information with market context.
This well-maintained fourplex is located in the West Ridge Estates subdivision in Pharr, TX. Each unit features 3 bedrooms, 2 full bathrooms, and a generously sized backyard. The property is located in a gated community and is within minutes of the Expressway, schools, retail areas, and restaurants. The property size is 4172 square feet, presenting an investment opportunity.
Key Highlights
- Fourplex: Excellent investment opportunity.
- Located in desirable West Ridge Estates subdivision in Pharr, TX.
- Each unit has 3 bedrooms and 2 full bathrooms.
Local 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 | $58.6k | $14.04 |
| − Vacancy | −$6.5k | −$1.55 |
| EGI | $52.1k | $12.49 |
| − OpEx | −$15.6k | −$3.75 |
| NOI | $36.5k | $8.74 |
4,172 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$521.2K
$456.1K – $608.1K
NOI $36,484 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$479.9K
$419.9K – $559.9K
NOI $33,591 @ 7.0% cap · market cap 6.59%
Theoretical Best
Hotel Hospitality
$3.14M
$2.75M – $3.67M
NOI $219,969 @ 7.0% cap · market cap 43.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fourplex with spacious units in a desirable Pharr, TX location.
Where is this quadplex located?
The property is located at 4904 N Hiawatha Drive Pharr, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Fourplex: Excellent investment opportunity.; Located in desirable West Ridge Estates subdivision in Pharr, TX.; Each unit has **3 bedrooms and 2 full bathrooms**.
