Well-Maintained Fourplex Investment
For Sale
Contact for pricing
1503 S Pamplona Street, Pharr, TX 78577
Fourplex near expressway, hospitals, shops, and restaurants.
Property Size3,560 SF
Price / SF$134.83
Days on Market741
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Property Features for 1503 S Pamplona Street
General Information
Standard status
Active
Size
3,560 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2017
Buildings
2
Units
4
Listing Agency:
RE/MAX elite
Listed By:
Alejandra Ramon · License #783097
(956) 278-1632
Source:
Crexi
Added: Oct 5, 2024
Changed: Oct 8
Last Checked: Oct 14 at 8:32PM
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 RE/MAX elite
Investment Insights
Based on property information with market context.
This well-maintained fourplex presents an investment opportunity in a prime location. Situated minutes from the expressway, hospitals, shops, and restaurants, the property features four fully rented units, providing immediate cash flow. The location offers convenient access to major highways, and ample parking is available for tenants and guests. The property size is 3560 square feet.
Key Highlights
- Prime location near expressway, hospitals, shops, and restaurants.
- Immediate cash flow from four fully rented units.
- Well‑maintained property built in 2017.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,132
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,640
$622.6K
Cap Rate 7%
$444,743
$444.7K
Cap Rate 9%
$345,911
$345.9K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$50.0K $14.04/SF
− Vacancy
−$5.5K −$1.55/SF
EGI
$44.5K $12.49/SF
− OpEx
−$13.3K −$3.75/SF
NOI
$31.1K $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%
$622,640
Cap Rate 7%
$444,743
Cap Rate 9%
$345,911
Alternative Uses
Best Use
Multifamily LT 5
$444.7K
$389.2K – $518.9K
NOI $31,132 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$409.5K
$358.3K – $477.7K
NOI $28,663 @ 7.0% cap · market cap 5.97%
Theoretical Best
Hotel Hospitality
$2.68M
$2.35M – $3.13M
NOI $187,701 @ 7.0% cap · market cap 39.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
137
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex near expressway, hospitals, shops, and restaurants.
Where is this quadplex located?
The property is located at 1503 S Pamplona Street Pharr, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Prime location near expressway, hospitals, shops, and restaurants.; Immediate cash flow from four fully rented units.; Well‑maintained property built in 2017.
