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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1805 Linden St Pharr, TX 78577

    • Small apartment buildings
    For Sale
    View listing
    $395,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2495010
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 1805 Linden St

    Year built
    2005
    Property type
    Small apartment buildings

    Description

    This well-maintained fourplex in Pharr, Texas, presents a compelling investment opportunity. Built in 2005, the property boasts four units, each featuring two spacious bedrooms and two full bathrooms. All units are currently occupied, generating immediate rental income. The property sits on a sizable 9,073.98 square foot lot and comprises a single building. Recent updates include fresh interior and exterior paint, enhancing curb appeal and tenant satisfaction. Its location in a desirable Pharr neighborhood offers easy access to schools, shopping, dining, and major highways, ensuring high tenant demand and occupancy rates. The asking price is $395,000, representing a strong value proposition for investors seeking a stable and profitable multifamily asset. This property is ideally suited for both seasoned investors looking to expand their portfolio and those new to real estate seeking a turnkey investment. The strong rental market in Pharr, coupled with the property's excellent condition and convenient location, makes this a truly exceptional opportunity. Don't miss the chance to acquire this exceptional fourplex in a thriving Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1717776
    Latitude
    26.1700895

    Comparable in this City

    • $393,000

      Pharr 4plex: Gated Community Investment

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      3606 Sheraton Ave, Pharr, TX 78577
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    • $295,000
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      Pharr Multifamily Investment Opportunity

      Three-unit apartment building, great potential.
      2821 Charlotte Dr, Pharr, TX 78577
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    • $389,900

      Pharr Multifamily Investment Opportunity

      Four-unit apartment building, excellent income.
      301 Rdg Ave, Pharr, TX 78577
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    • $1,038,000

      Pharr, TX Multifamily Investment

      Eight-unit apartment complex, excellent ROI.
      4730 Ebony St, Pharr, TX 78577
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    • $398,000
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      Pharr Multifamily Investment Opportunity

      Fourplex, High-Income Potential, Updated Units
      1208 Diplomat Dr, Pharr, TX 78577
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    • $760,000

      Pharr, TX Multifamily Investment

      Nine-unit apartment complex, strong NOI.
      8005 Cisne St, Pharr, TX 78577
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    Similar Nearby for Sale

    • $393,000

      Pharr 4plex: Gated Community Investment

      Four-unit apartment building, excellent income.
      3606 Sheraton Ave, Pharr, TX 78577
      View Details
    • $295,000
      3,220 SF

      Pharr Multifamily Investment Opportunity

      Three-unit apartment building, great potential.
      2821 Charlotte Dr, Pharr, TX 78577
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    • $389,900

      Pharr Multifamily Investment Opportunity

      Four-unit apartment building, excellent income.
      301 Rdg Ave, Pharr, TX 78577
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    • $1,038,000

      Pharr, TX Multifamily Investment

      Eight-unit apartment complex, excellent ROI.
      4730 Ebony St, Pharr, TX 78577
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    • $398,000
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      Pharr Multifamily Investment Opportunity

      Fourplex, High-Income Potential, Updated Units
      1208 Diplomat Dr, Pharr, TX 78577
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    • $560,000

      Pharr, TX Fourplex Investment

      Four-unit apartment building, excellent income.
      1304 Heritage Dr, Pharr, TX 78577
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    Similar Nearby for Lease

    • $21 SF/Yr
      12,560 SF

      Sam Houston Plaza: Pharr, TX

      Prime Pharr Office/Retail Space
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    • $20 SF/Yr
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    • $18 SF/Yr
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      Pharr, TX Commercial Space Available

      Prime location, versatile space, ample parking.
      2506 Cage Blvd, Pharr, TX 78577
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    • $8 SF/Yr
      74,165 SF

      Pharr Industrial Park Warehouse

      Industrial warehouse space in Pharr's Opportunity Zone.
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    • Contact for pricing
      100,000 SF

      Pharr Industrial Warehouse Space Available

      100,000 SF industrial warehouse near Pharr International Bridge.
      300 E Capote Central Ave, Pharr, TX 78577
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    • $2,813 /Mo
      8,026 SF

      New Flex Space in Pharr

      New construction flex space suitable for retail, office, or industrial.
      3550 N Birch St, Pharr, TX 78577
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    1805 Linden St
    Pharr, TX 78577
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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