Four-Unit Brick
For Sale
Contact for pricing
700 W Bronze Drive, Pharr, TX 78577
Four two-bedroom residences offer a mix of occupied and move-in-ready units with covered carport parking.
Property Size3,640 SF
Price / SF$103.02
Days on Market8
Property Features for 700 W Bronze Drive
General Information
Standard status
Active
Size
3,640 SF
Total Parking Spaces
8
Property subtype
Multifamily
Occupancy
75%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Buildings
2
Units
4
Construction
brick
Listing Agency:
RE/MAX Platinum
(956) 668-8555
Listed By:
Luciano Martinez · License #743277
Source:
Crexi
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 4 at 3:26AM
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 RE/MAX Platinum
Investment Insights
Based on property information with market context.
This 3,640-square-foot quadplex in Pharr was completed in 2005 and contains four similarly configured residences. Each unit measures approximately 910 square feet with two bedrooms, two bathrooms, brick exteriors, and tile flooring. Covered carport parking serves the property. Three units are leased, while the remaining residence is vacant and ready for occupancy.
The property is located in the Los Muros subdivision at 700 W Bronze Drive, Pharr, Texas 78577. Expressway 281/I-69C, Walmart Neighborhood Market, HEB, Driscoll Children's Hospital, and a nearby park are all described as being minutes away. The four-unit layout provides a straightforward multifamily configuration with one available residence and three occupied units.
The property is located in the Los Muros subdivision at 700 W Bronze Drive, Pharr, Texas 78577. Expressway 281/I-69C, Walmart Neighborhood Market, HEB, Driscoll Children's Hospital, and a nearby park are all described as being minutes away. The four-unit layout provides a straightforward multifamily configuration with one available residence and three occupied units.
Key Highlights
- Four‑unit quadplex totaling 3,640 SF
- Built in 2005 with brick exteriors and tile flooring
- Each residence includes 2 bedrooms and 2 bathrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.1k | $14.04 |
| − Vacancy | −$5.6k | −$1.55 |
| EGI | $45.5k | $12.49 |
| − OpEx | −$13.6k | −$3.75 |
| NOI | $31.8k | $8.74 |
3,640 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$454.7K
$397.9K – $530.5K
NOI $31,832 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$418.7K
$366.3K – $488.5K
NOI $29,307 @ 7.0% cap · market cap 7.82%
Theoretical Best
Hotel Hospitality
$2.74M
$2.40M – $3.20M
NOI $191,919 @ 7.0% cap · market cap 51.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
356
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 - Four two-bedroom residences offer a mix of occupied and move-in-ready units with covered carport parking.
Where is this quadplex located?
The property is located at 700 W Bronze Drive Pharr, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,640 SF; Built in 2005 with brick exteriors and tile flooring; Each residence includes 2 bedrooms and 2 bathrooms
