Four-Plex with Move-In Ready
For Sale
$375,000
700 W Bronze Drive, Pharr, TX 78577
MULTI_FAMILY - Pharr, TX
Property Size3,640 SF
Lot Size0.21 Acres
Price / SF$103.02
Days on Market22
Property Features for 700 W Bronze Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Fencing
Privacy
Appliances
Electric Water Heater, Water Heater (Other Location), Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Los Muros
Lot features
Cul-De-Sac, Curb & Gutters, Irregular Lot, Sidewalks
Elementary school
Arnold
Middle school
LBJ
High school
PSJA H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
From south Pharr, head north on Sugar Rd, Pass 495, Pass Sioux Rd, Pass Eldora Rd, Turn right on bronze, Property will be the last one on the left.
Standard status
Active
APN
L627500000001600
Size
3,640 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9416
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX Platinum · RE/MAX International
(956) 668-8555
Listed By:
Luciano Martinez · License #743277
(956) 862-1556
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 19 at 11:06AM
MLS# 510306
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.
This four-plex in Pharr’s Los Muros subdivision was built in 2005 and totals 3,640 square feet. The property is configured with four individual units, each offering two bedrooms and two bathrooms at about 910 square feet. Brick exterior construction, tile flooring, and a composition roof define the building, and each unit includes central electric heating and central air conditioning. A covered carport provides off-street parking, and the property has privacy fencing.
Operationally, three of the four units are currently rented, creating immediate cash flow, while the fourth unit is vacant and described as move-in ready. The home has public water service, and included appliances list includes an electric water heater, dryer, refrigerator, stove/range, and washer.
Conveniently located minutes from Expressway 281/I-69C and close to shopping and services including Walmart Neighborhood Market, HEB, and Driscoll Children’s Hospital, with a nearby park also noted. Access is well suited for tenants who want quick connections to major routes and everyday amenities.
Operationally, three of the four units are currently rented, creating immediate cash flow, while the fourth unit is vacant and described as move-in ready. The home has public water service, and included appliances list includes an electric water heater, dryer, refrigerator, stove/range, and washer.
Conveniently located minutes from Expressway 281/I-69C and close to shopping and services including Walmart Neighborhood Market, HEB, and Driscoll Children’s Hospital, with a nearby park also noted. Access is well suited for tenants who want quick connections to major routes and everyday amenities.
Key Highlights
- 3,640 SF quadplex on 0.2149‑acre lot at 700 W Bronze Drive, Pharr
- Built in 2005 with brick exterior and composition roof
- Four units, each with 2 bed and 2 bath, about 910 SF
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
$31,832
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
8.49%
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%
$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
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
$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 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%
$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 8.49%
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
Property Profile
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 - Income-producing four-plex built in 2005 with three rented 2-bed/2-bath units and one vacant, move-in ready unit.
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: 3,640 SF quadplex on 0.2149‑acre lot at 700 W Bronze Drive, Pharr; Built in 2005 with brick exterior and composition roof; Four units, each with 2 bed and 2 bath, about 910 SF
