8005 Cisne Street, Pharr, TX 78577
MULTI_FAMILY - Pharr, TX
- Added:
- Apr 25, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 11 at 1:06 am
Property Features for 8005 Cisne Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 18
- Parking features
- Carport, Garage
- Exterior features
- Mature Trees
- Appliances
- Electric Water Heater, Disposal, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- L330000000000613
- Size
- 7,998 SF
- Lot size
- 0.64 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 14387
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 1
- Number of units
- 9
- Building materials
- Brick, Wood Siding
- Roof type
- Composition
Listing agent Antonio Gabriel Villeda (956) 331-9329
Listing office Glass House Real Estate 6316 N 10th Building B, McAllen, TX (956) 331-9329
Listing date Apr 25, 2026
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.
HighLights
- Fully leased 9‑unit apartment complex providing immediate rental income.
- Gross Operating Income (GOI) of almost $81,000, indicating strong current profitability.
- Majority of units are desirable 3 bed / 2 bath configurations.
- Recently replaced roof (2016).
- HVAC and water heater units are less than 7 years old for most units.
- Desirable location with ample parking.
Overview
Local Financial Insights For Apartment 5plus
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 | $132.4k | $16.56 |
| − Vacancy | −$15.4k | −$1.92 |
| EGI | $117.1k | $14.64 |
| − OpEx | −$52.7k | −$6.59 |
| NOI | $64.4k | $8.05 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.197916
- Latitude
- 26.117487
