4-Unit Quadplex with Rear Alley
803 W Emerald Drive, Pharr, TX 78577
For Sale
New
$369,900
Residential Income, Pharr, TX
Property Size3,782 SF
Lot Size0.19 Acres
Price / SF$97.81
Days on Market3
Property Features for 803 W Emerald Drive
General Information
Property type
Property subtype
Parking
Parking features
Patio and Porch features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
dedicated laundry room
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
De La Garza Realty Group, LLC
(956) 781-8229
Listed By:
Juan J De La Garza
(956) 537-4755
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 516490
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2006, this brick quadplex contains four units totaling 3,782 square feet. Each residence has two bedrooms, two bathrooms, a living room, a kitchen with a breakfast nook, and a dedicated laundry room. Tile flooring runs throughout the units. The property occupies a 0.1881-acre lot and includes eight parking spaces, with rear alley access. Central electric heating and cooling serve the building, and the site also includes a patio and porch.
Expressway access is about one minute away. Shopping, restaurants, and retail centers are within minutes, and Allen & William Arnold Elementary School is around the corner.
Expressway access is about one minute away. Shopping, restaurants, and retail centers are within minutes, and Allen & William Arnold Elementary School is around the corner.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- 3,782 square feet on a 0.1881‑acre lot
- Eight parking spaces, or two per unit, with rear alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,073
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,460
$661.5K
Cap Rate 7%
$472,471
$472.5K
Cap Rate 9%
$367,478
$367.5K
Market Conditions
NOI Build-Up for 3,782 SF
Gross rent
$53.1K $14.04/SF
− Vacancy
−$5.9K −$1.55/SF
EGI
$47.2K $12.49/SF
− OpEx
−$14.2K −$3.75/SF
NOI
$33.1K $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%
$661,460
Cap Rate 7%
$472,471
Cap Rate 9%
$367,478
Alternative Uses
Best Use
Multifamily LT 5
$472.5K
$413.4K – $551.2K
NOI $33,073 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$435.0K
$380.6K – $507.5K
NOI $30,451 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,128 @ 7.0% cap · market cap 25.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
476
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
$111,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Pharr, TX
Properties on Market for Quadplexes in Pharr
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences have two bedrooms, two bathrooms, and dedicated laundry rooms.
Where is this quadplex located?
The property is located at 803 W Emerald Drive Pharr, TX.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; 3,782 square feet on a 0.1881‑acre lot; Eight parking spaces, or two per unit, with rear alley access
