Fourplex with Covered
New
For Sale
$515,000
5103 N Winona Drive, Pharr, TX 78577
Completed in 2021, the property contains four two-bedroom, two-bathroom residences.
Property Size4,012 SF
Price / SF$128.36
Days on Market2
Property Features for 5103 N Winona Drive
General Information
Standard status
Active
Size
4,012 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Parking per Unit
2
Amenities
ceiling fans
dedicated laundry area
refrigerator
microwave
washer
dryer
Building Details
Year Built
2021
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:31PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This 4,012-square-foot fourplex was built in 2021 and contains four residences, each configured with two bedrooms and two full bathrooms. Interior features include tile flooring, ceiling fans, and a dedicated laundry area. Each home comes with a refrigerator, microwave, washer, and dryer, along with covered parking for two vehicles.
Shopping, dining, schools, and major roadways are accessible from the property. The four-unit configuration and in-place household appliances define its residential setup.
Shopping, dining, schools, and major roadways are accessible from the property. The four-unit configuration and in-place household appliances define its residential setup.
Key Highlights
- Four units, each with 2 bedrooms and 2 full bathrooms
- 4,012 square feet; built in 2021
- Covered parking for two vehicles at each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,085
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,700
$701.7K
Cap Rate 7%
$501,214
$501.2K
Cap Rate 9%
$389,833
$389.8K
Market Conditions
NOI Build-Up for 4,012 SF
Gross rent
$56.3K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.1K $12.49/SF
− OpEx
−$15.0K −$3.75/SF
NOI
$35.1K $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%
$701,700
Cap Rate 7%
$501,214
Cap Rate 9%
$389,833
Alternative Uses
Best Use
Multifamily LT 5
$501.2K
$438.6K – $584.8K
NOI $35,085 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$461.5K
$403.8K – $538.4K
NOI $32,303 @ 7.0% cap · market cap 6.27%
Theoretical Best
Hotel Hospitality
$3.02M
$2.64M – $3.53M
NOI $211,533 @ 7.0% cap · market cap 41.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Completed in 2021, the property contains four two-bedroom, two-bathroom residences.
Where is this quadplex located?
The property is located at 5103 N Winona Drive Pharr, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 full bathrooms; 4,012 square feet; built in 2021; Covered parking for two vehicles at each unit
