Fourplex with Three-Bedroom
New
For Sale
$530,000
5007 Winona Drive, Pharr, TX 78577
MULTI_FAMILY - Pharr, TX
Property Size4,020 SF
Lot Size0.25 Acres
Price / SF$131.84
Days on Market2
Property Features for 5007 Winona Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
Subdivision
West Ridge Estates
Elementary school
Arnold
Middle school
LBJ
High school
PSJA North H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
From Nolana drive North on Sugar Rd. East on Minnesota Rd. South on Winona Dr. Property will be on your right hand side.
Standard status
Active
APN
W378503000005100
Size
4,020 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10708
HOA Fee
$600 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Number of units
4
Building materials
Stone, Stucco
Roof type
Composition
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Claudia Reyes
(956) 616-1366
Added: Aug 10
Last Checked: Aug 11 at 5:06PM
MLS# 510553
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2021, this 4,020-square-foot quadplex contains four three-bedroom, two-bath units, with two units in each configuration. Each residence includes a refrigerator, washer, dryer, microwave, and smooth electric cooktop. Central electric heating and central air conditioning serve the property, while public water supports the building. Stone and stucco exterior materials, a composition roof, and a sprinkler system complete the improvements on a 0.2521-acre lot.
The property is located at 5007 Winona Drive in Pharr, Texas, within minutes of the Expressway, restaurants, shopping centers, and other daily conveniences. All four units are occupied, providing an established operating profile for a buyer seeking a multifamily asset with consistent unit layouts and included appliances.
The property is located at 5007 Winona Drive in Pharr, Texas, within minutes of the Expressway, restaurants, shopping centers, and other daily conveniences. All four units are occupied, providing an established operating profile for a buyer seeking a multifamily asset with consistent unit layouts and included appliances.
Key Highlights
- Fourplex with four 3‑bedroom, 2‑bath units
- 4,020 Square Feet on a 0.2521‑acre lot
- Built in 2021 with stone and stucco exterior
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 income property includes appliances in every residence and central heating and cooling.
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 four 3‑bedroom, 2‑bath units; 4,020 Square Feet on a 0.2521‑acre lot; Built in 2021 with stone and stucco exterior
