Well-Maintained Fourplex Corner
813 Los Tesoros Drive Pharr, TX 78577
813 Los Tesoros Drive, Pharr, TX, 78577
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For Sale
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Four fully occupied units each offer two bedrooms and one bathroom on a corner lot in Pharr, TX.
Property Size3,276 SF
Price / SF$94.63
Days on Market127
Property Features for 813 Los Tesoros Drive
General Information
- Standard status
- Active
- Size
- 3,276 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2001
Listing agency
Tierra Frontera LLC
(956) 307-4544
Listed by
Jessica Marroquin
Source
Crexi
Added: Mar 18 Updated: Jul 21 at 7:04PM Checked: Jul 21 at 7:04PM
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 Tierra Frontera LLC
Investment Insights
Based on property information with market context.
Well-maintained fourplex located on a corner lot in Pharr, TX. The property consists of four fully occupied units, and each unit includes two bedrooms and one bathroom with functional layouts.
The building is conveniently located near Sugar Rd and FM 495, placing it close to shopping, dining, and schools.
This is a turnkey, income-producing residential income property with immediate occupancy in place.
The building is conveniently located near Sugar Rd and FM 495, placing it close to shopping, dining, and schools.
This is a turnkey, income-producing residential income property with immediate occupancy in place.
Key Highlights
- Well‑maintained fourplex built in 2001 on a corner lot in Pharr, TX
- Four fully occupied units with 2 bedrooms and 1 bathroom each
- Functional unit layouts designed for tenant appeal and consistent rental potential
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 | $54.3k | $16.56 |
| − Vacancy | −$6.3k | −$1.92 |
| EGI | $48.0k | $14.64 |
| − OpEx | −$21.6k | −$6.59 |
| NOI | $26.4k | $8.05 |
3,276 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$409.3K
$358.1K – $477.5K
NOI $28,648 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$376.8K
$329.7K – $439.6K
NOI $26,377 @ 7.0% cap · market cap 8.51%
Theoretical Best
Hotel Hospitality
$2.47M
$2.16M – $2.88M
NOI $172,727 @ 7.0% cap · market cap 55.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four fully occupied units each offer two bedrooms and one bathroom on a corner lot in Pharr, TX.
Where is this quadplex located?
The property is located at 813 Los Tesoros Drive Pharr, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Well‑maintained fourplex built in 2001 on a corner lot in Pharr, TX; Four fully occupied units with 2 bedrooms and 1 bathroom each; Functional unit layouts designed for tenant appeal and consistent rental potential
