Fourplex Property with Expansion
New
For Sale
$605,000
800 W Javelina Drive, Pharr, TX 78577
Residential Income, Pharr, TX
Property Size3,380 SF
Lot Size1.00 Acres
Price / SF$178.99
Days on Market7
Property Features for 800 W Javelina Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Patio and Porch features
Porch
Appliances
Electric Water Heater, Smooth Electric Cooktop, Refrigerator
Subdivision
Sing's
Lot features
Corner Lot
Elementary school
Kelly-Pharr
Middle school
Escalante
High school
PSJA South West H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
From Expressway 83 exit on South Jackson Rd turn left on Javelina/Orangewood.
Standard status
Active
APN
S357500000001105
Size
3,380 SF
Lot size
1.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10359
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Tania J. Salinas · License #0669357
(956) 223-3216
Added: Aug 23
Last Checked: Aug 29 at 3:06PM
MLS# 513379
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 3,380-square-foot quadplex property in Pharr includes four existing residential units, all currently leased. Built in 2005, the brick construction has a shingle roof, central electric heating and cooling, public water, and a porch. Appliances include an electric water heater, smooth electric cooktop, and refrigerator.
The property occupies approximately 1.0026 acres on a corner lot at 800 W Javelina Drive. It is located minutes from the Expressway and Jackson Rd, approximately 3.9 miles from the airport, and near shopping centers, restaurants, and businesses. A new roof and unfinished space add to the physical improvements, while any future conversion or additional development remains subject to city approval, zoning, and applicable development requirements.
The property occupies approximately 1.0026 acres on a corner lot at 800 W Javelina Drive. It is located minutes from the Expressway and Jackson Rd, approximately 3.9 miles from the airport, and near shopping centers, restaurants, and businesses. A new roof and unfinished space add to the physical improvements, while any future conversion or additional development remains subject to city approval, zoning, and applicable development requirements.
Key Highlights
- Four existing residential units, all currently leased
- Approximately 1.0026 acres on a corner lot
- 3,380 square feet of property size
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
$29,558
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
4.89%
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%
$591,160
$591.2K
Cap Rate 7%
$422,257
$422.3K
Cap Rate 9%
$328,422
$328.4K
Market Conditions
NOI Build-Up for 3,380 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
$47.5K $14.04/SF
− Vacancy
−$5.2K −$1.55/SF
EGI
$42.2K $12.49/SF
− OpEx
−$12.7K −$3.75/SF
NOI
$29.6K $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%
$591,160
Cap Rate 7%
$422,257
Cap Rate 9%
$328,422
Alternative Uses
Best Use
Multifamily LT 5
$422.3K
$369.5K – $492.6K
NOI $29,558 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$388.8K
$340.2K – $453.6K
NOI $27,214 @ 7.0% cap · market cap 4.50%
Theoretical Best
Hotel Hospitality
$2.55M
$2.23M – $2.97M
NOI $178,211 @ 7.0% cap · market cap 29.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
161
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 - Leased units, a new roof, and unfinished space complement this brick multifamily property near major transportation and commercial services.
Where is this quadplex located?
The property is located at 800 W Javelina Drive Pharr, TX.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Four existing residential units, all currently leased; Approximately 1.0026 acres on a corner lot; 3,380 square feet of property size
