Gated-Access
For Sale
$480,000
5005 N Hiawatha Drive, Pharr, TX 78577
Multiple three-bedroom residences feature open kitchens, tile flooring, walk-in closets, central air, and covered carport parking.
Property Size4,172 SF
Days on Market39
Property Features for 5005 N Hiawatha Drive
General Information
Standard status
Active
Size
4,172 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$12,256
Building Details
Building Size
4,172 SF
Year Built
2022
Listing Agency:
Golden Key Real Estate & Investments, LLC
Listed By:
Jovanna Saenz · License #9015359
(956) 278-1020
Source:
Primeluxuryrealestate
Added: Aug 30
Changed: Oct 7
Last Checked: Oct 6 at 12:34AM
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 Golden Key Real Estate & Investments, LLC
Investment Insights
Based on property information with market context.
Built in 2022, this quadplex includes multiple three-bedroom, two-bathroom residences with open-concept kitchens and islands. Interior features include tile flooring, spacious bedrooms, walk-in closets, and central air conditioning. Covered carport parking and gated access serve the property.
The property is located just off Expressway 281 in Pharr, with access to McAllen, Edinburg, shopping, dining, schools, and major roadways.
The property is located just off Expressway 281 in Pharr, with access to McAllen, Edinburg, shopping, dining, schools, and major roadways.
Key Highlights
- 2022 construction
- Multiple 3‑bedroom, 2‑bathroom residences
- Open‑concept kitchens with islands
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,484
Cap Rate
7.60%
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 7.60%
Second Best
Apartment 5plus
$479.9K
$419.9K – $559.9K
NOI $33,591 @ 7.0% cap · market cap 7.00%
Theoretical Best
Hotel Hospitality
$3.14M
$2.75M – $3.67M
NOI $219,969 @ 7.0% cap · market cap 45.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
315
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Multiple three-bedroom residences feature open kitchens, tile flooring, walk-in closets, central air, and covered carport parking.
Where is this quadplex located?
The property is located at 5005 N Hiawatha Drive Pharr, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2022 construction; Multiple 3‑bedroom, 2‑bathroom residences; Open‑concept kitchens with islands
