Fourplex with Included
New
For Sale
$530,000
5007 Winona Drive, Pharr, TX 78577
Four matching three-bedroom residences are equipped with appliances, with the building constructed in 2021.
Property Size4,020 SF
Price / SF$131.84
Days on Market4
Property Features for 5007 Winona Drive
General Information
Standard status
Active
Size
4,020 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,708
Amenities
Ceiling Fan(s)
Dryer
Microwave
Washer
Sprinkler System
Building Details
Building Size
4,020 SF
Year Built
2021
Buildings
2
Stories
1
Units
4
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Claudia Reyes
(956) 616-1366
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:10PM
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
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Investment Insights
Based on property information with market context.
This 2021 quadplex contains four residences, each with three bedrooms and two bathrooms. Appliances are included in every unit, and the property measures 4,020 square feet.
The building is on Winona Drive in Pharr, Texas. The Expressway, restaurants, shopping centers, and everyday services are a short drive away.
The building is on Winona Drive in Pharr, Texas. The Expressway, restaurants, shopping centers, and everyday services are a short drive away.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,020‑square‑foot building constructed in 2021
- Appliances included in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,155
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four matching three-bedroom residences are equipped with appliances, with the building constructed in 2021.
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: Four units, each with 3 bedrooms and 2 bathrooms; 4,020‑square‑foot building constructed in 2021; Appliances included in every unit
