4-Unit
New
For Sale
$360,000
700 W Bronze Drive, Pharr, TX 78577
Three apartments are occupied, while the remaining residence is vacant and ready for move-in.
Property Size3,640 SF
Price / SF$98.90
Days on Market4
Property Features for 700 W Bronze Drive
General Information
Standard status
Active
Size
3,640 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,416
Building Details
Building Size
3,640 SF
Year Built
2005
Buildings
2
Stories
1
Units
4
Construction
brick
Tenancy
Multi
Listing Agency:
RE/MAX Platinum
(956) 668-8555
Listed By:
Luciano Martinez · License #743277
(956) 862-1556
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:08PM
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
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Investment Insights
Based on property information with market context.
Built in 2005, this four-unit residential property contains 3,640 square feet. Each apartment offers two bedrooms and two bathrooms across approximately 910 square feet, with tile floors and a brick exterior. Covered carport parking serves the units.
Three apartments are currently rented, and the fourth is vacant and move-in ready. The property is in the Los Muros subdivision of Pharr, with access to Expressway 281/I-69C and proximity to a Walmart Neighborhood Market, HEB, Driscoll Children's Hospital, and a nearby park.
Three apartments are currently rented, and the fourth is vacant and move-in ready. The property is in the Los Muros subdivision of Pharr, with access to Expressway 281/I-69C and proximity to a Walmart Neighborhood Market, HEB, Driscoll Children's Hospital, and a nearby park.
Key Highlights
- Four apartments, each with 2 bedrooms and 2 bathrooms
- 3,640 square feet total; approximately 910 square feet per unit
- Three units rented; one vacant and ready for move‑in
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,832
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,640
$636.6K
Cap Rate 7%
$454,743
$454.7K
Cap Rate 9%
$353,689
$353.7K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$51.1K $14.04/SF
− Vacancy
−$5.6K −$1.55/SF
EGI
$45.5K $12.49/SF
− OpEx
−$13.6K −$3.75/SF
NOI
$31.8K $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%
$636,640
Cap Rate 7%
$454,743
Cap Rate 9%
$353,689
Alternative Uses
Best Use
Multifamily LT 5
$454.7K
$397.9K – $530.5K
NOI $31,832 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$418.7K
$366.3K – $488.5K
NOI $29,307 @ 7.0% cap · market cap 8.14%
Theoretical Best
Hotel Hospitality
$2.74M
$2.40M – $3.20M
NOI $191,919 @ 7.0% cap · market cap 53.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are occupied, while the remaining residence is vacant and ready for move-in.
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 $360,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 2 bathrooms; 3,640 square feet total; approximately 910 square feet per unit; Three units rented; one vacant and ready for move‑in
