Four-Unit Quadplex with Private
For Sale
$570,000
5106 N Hiawatha Drive, Pharr, TX 78577
Gated residential income property with updated interiors, individual backyards, and convenient access to area medical, retail, and transportation destinations.
Property Size4,172 SF
Days on Market63
Property Features for 5106 N Hiawatha Drive
General Information
Standard status
Active
Size
4,172 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 3BD/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,662
Amenities
gated community
granite countertops
wood-style tile floors
stainless steel appliances
washer & dryer
private backyards
Building Details
Building Size
4,172 SF
Year Built
2021
Listing Agency:
Texas Landmark Realty LLC
Listed By:
Irene Uribe Manrique de Lara · License #801067752
(956) 492-5638
Source:
Primeluxuryrealestate
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 13 at 12:49AM
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 Texas Landmark Realty LLC
Investment Insights
Based on property information with market context.
Built in 2021, this gated quadplex at 5106 N Hiawatha Drive comprises four residential units, each with three bedrooms, two bathrooms, an open-concept layout, and a private backyard. Interior features include granite countertops, wood-style tile flooring, stainless steel appliances, and in-unit washer and dryer connections or equipment. Rock and brick exterior finishes support a durable, low-maintenance building design.
Residents are responsible for all utilities. The property is situated in Pharr near DHR Hospital, UTRGV, shopping, restaurants, and expressway access, providing proximity to medical, educational, retail, dining, and regional transportation destinations.
Residents are responsible for all utilities. The property is situated in Pharr near DHR Hospital, UTRGV, shopping, restaurants, and expressway access, providing proximity to medical, educational, retail, dining, and regional transportation destinations.
Key Highlights
- Four‑unit quadplex with 3BD/2BA layouts in each unit
- Built in 2021 with rock and brick exterior finishes
- Gated community with private backyard space for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,484
Cap Rate
6.40%
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 6.40%
Second Best
Apartment 5plus
$479.9K
$419.9K – $559.9K
NOI $33,591 @ 7.0% cap · market cap 5.89%
Theoretical Best
Hotel Hospitality
$3.14M
$2.75M – $3.67M
NOI $219,969 @ 7.0% cap · market cap 38.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
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
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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 - Gated residential income property with updated interiors, individual backyards, and convenient access to area medical, retail, and transportation destinations.
Where is this quadplex located?
The property is located at 5106 N Hiawatha Drive Pharr, TX.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3BD/2BA layouts in each unit; Built in 2021 with rock and brick exterior finishes; Gated community with private backyard space for every unit
