Fourplex with Included
For Sale
$530,000
5007 Winona Drive, Pharr, TX 78577
Fully occupied fourplex with appliances provided in every unit and access to nearby shopping, restaurants, and the Expressway.
Property Size4,020 SF
Days on Market14
Property Features for 5007 Winona Drive
General Information
Standard status
Active
Size
4,020 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$10,708
Building Details
Building Size
4,020 SF
Year Built
2021
Buildings
1
Listing Agency:
Key Realty
(956) 225-5295
Listed By:
Claudia Reyes
Source:
Primeluxuryrealestate
Added: Aug 16
Changed: Aug 21
Last Checked: Aug 28 at 6:28PM
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 Key Realty
Investment Insights
Based on property information with market context.
This fourplex contains four residential units, with each unit offering three bedrooms and two bathrooms. Appliances are included throughout the property, and the building was constructed in 2021. The asset is currently fully occupied, providing an established rental configuration for its next owner.
Located at 5007 Winona Drive in Pharr, the property is near the Expressway, restaurants, shopping centers, and other daily conveniences. Its consistent unit layout and existing occupancy create a straightforward multifamily profile for buyers seeking a residential income property.
Located at 5007 Winona Drive in Pharr, the property is near the Expressway, restaurants, shopping centers, and other daily conveniences. Its consistent unit layout and existing occupancy create a straightforward multifamily profile for buyers seeking a residential income property.
Key Highlights
- Fourplex with 4 units, each offering 3 bedrooms and 2 bathrooms
- Fully occupied property
- Appliances included in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,155
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,100
$703.1K
Cap Rate 7%
$502,214
$502.2K
Cap Rate 9%
$390,611
$390.6K
Market Conditions
NOI Build-Up for 4,020 SF
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.
Gross rent
$56.4K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.2K $12.49/SF
− OpEx
−$15.1K −$3.75/SF
NOI
$35.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,100
Cap Rate 7%
$502,214
Cap Rate 9%
$390,611
Alternative Uses
Best Use
Multifamily LT 5
$502.2K
$439.4K – $585.9K
NOI $35,155 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$462.4K
$404.6K – $539.5K
NOI $32,367 @ 7.0% cap · market cap 6.11%
Theoretical Best
Hotel Hospitality
$3.03M
$2.65M – $3.53M
NOI $211,955 @ 7.0% cap · market cap 39.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
340
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied fourplex with appliances provided in every unit and access to nearby shopping, restaurants, and the Expressway.
Where is this quadplex located?
The property is located at 5007 Winona Drive Pharr, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Fourplex with 4 units, each offering 3 bedrooms and 2 bathrooms; Fully occupied property; Appliances included in every unit
