14-Unit Multifamily in Pharr, TX
TX · listed Mar 28, 2026 (214 days)
- $/unit
- $113,571
- ▲ 23% vs TX · 63rd pct
- Cap rate
- —
- Gross yield
- 10.4%
- Units
- 14
- 14 bldg · 1996
Financials
- Asking price
- $1,590,000
- Price per unit
- $113,571
- Price per sq ft
- $99
- Gross rent / year
- $165,480avg rent × units
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 10.4%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 14
- Unit mix
- 14 spacious units | 2 Bed / 2 Bath each
- Buildings
- 14
- Year built
- 1996
- Building size
- 16,080 sq ft
- Avg unit size
- 1,149 sq ft
- Lot size
- 0.75 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 28, 2026
- Days on market
- 214 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1849
About this property
Discover an exceptional income-producing property featuring 14 well-maintained units, each offering 2 bedrooms and 2 full bathrooms—a highly desirable layout for long-term tenant stability. This asset is currently generating consistent cash flow with average rents of $985, while select units are already achieving up to $1,075, presenting a clear opportunity for immediate rental upside and increased returns. Strategically located in a high-demand area, the property benefits from strong occupancy with only one vacancy, making it a turnkey investment for both seasoned and first-time investors. Investment Highlights: 14 spacious units | 2 Bed / 2 Bath each, Strong rental demand with low vacancy,Proven rental history with upside potential Ideal unit mix for tenant retention. Excellent location with continued growth Seller and listing agent are highly motivated—creating a rare opportunity to secure a stabilized asset with built-in equity and income growth potential
Multifamily | 14 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| $520K | $65K$65K | 7% | |
Stabilized | $798K | $100K$100K | 6.4% |
Value-add | $849K | $71K$71K | — |
Stabilized | $690K | $86K$86K | — |
High yield | $850K | $53K$53K | 10.5% |
Stabilized | $520K | $65K$65K | 7% |