$475,000
SOLD SEP 5, 2025
Last list price

1707 W Smith Dr Pharr, TX 78577

-- Bed
-- Bath
4,480 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

20 Days on Market

Highlights

  • Gated Community
  • Walk-In Closet
  • Tile Flooring
  • Double Pane Windows
  • Laundry closet
  • Central Heating and Cooling System

About This Home

As of September 2025

Turnkey Investment Opportunity with Assumable 2.6% Financing! Discover this incredible 4-plex in the heart of Pharr, built in 2016 and 3 units leased—making it an immediate income-producing asset. With two spacious 3-bedroom, 2-bath units and two well-designed 2-bedroom, 2-bath units, this property is ideal for all tenants. Each unit is finished with modern upgrades including granite countertops, sleek tile flooring, stainless steel appliances, washer/dryer, vaulted ceilings, ceiling fans, offering comfort and convenience. Situated near major hospitals, shopping centers, and popular dining spots, the location is highly desirable and easily accessible. BONUS: Seller is offering assumable financing at just 2.6% interest with a 30-year amortization and low monthly payments of $3,533.26 with qualifying. An unbeatable opportunity in today’s market! Don’t miss your chance to own a cash-flowing property with built-in equity and favorable terms.

Last Agent to Sell the Property

Josephine Rees

Exp Realty Llc Listed on: 07/26/2025

Exp Realty Llc

Last Buyer's Agent

Josephine Rees

Exp Realty Llc Listed on: 07/26/2025

Exp Realty Llc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,597

Year Built

  • Built in 2016

Lot Details

  • 10,019 Sq Ft Lot
  • Privacy Fence

HOA Fees

  • $38 Monthly HOA Fees

Parking

  • 8 Carport Spaces

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Shingle Roof
  • Stucco
  • Stone

Interior Spaces

  • Walk-In Closet
  • 4,480 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Fire and Smoke Detector
  • Electric Range

Laundry

  • Laundry closet
  • Dryer
  • Washer

Schools

  • Aida C. Escobar Elementary School
  • Liberty Middle School
  • Psja High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number M324900000004100

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Medical Ridge Association
  • Medical Ridge Subdivision

Building Details

  • Insurance Expense $4,000
  • Gross Income $55,200

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,597

Year Built

Built in 2016

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Directions: Head South on Jackson Rd from 83. After E Ridge Rd take the second left into the subdivision.
  • Year Built: 2016
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Surface Type: Paved
  • Subdivision Name: Medical Ridge
  • Carport Y N: Yes
  • Garage Yn: No
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Dryer, Stove/Range-Electric Smooth, Washer
  • Flooring: Tile
  • Living Area: 4480
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Fencing: Privacy
  • Home Warranty: No
  • Construction Type: Stone, Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: Detached

Utilities

  • Utilities: Cable Available
  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gated, Sidewalks, Street Lights
  • Amenities: Property Owners' Assoc.
  • Association Fee: 450
  • Association Fee Frequency: Annually
  • Association Name: Medical Ridge
  • Association: Yes

Schools

  • Elementary School: Aida C. Escobar
  • High School: PSJA H.S.
  • Junior High Dist: PSJA ISD
  • Middle Or Junior School: Liberty

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Parcel #: M324900000004100

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 14597

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 4
  • Annual Gross Income: 55200
  • Insurance Expense: 4000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2025
Closed on
Sep 5, 2025
Sold by
Jackson Erik Michael and Jackson Iliana
Bought by
Hirschorn Russell Adam and Martinez Marcela Eugenia
Seller's Agent
Josephine Rees
Exp Realty Llc
Buyer's Agent
Josephine Rees
Exp Realty Llc
List Price
$475,000
Views
7
Current Estimated Value
$452,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.34%
Original Mortgage
$345,000
Outstanding Balance
$345,000
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$107,488

Purchase Details

Listed on
Mar 26, 2018
Closed on
Oct 31, 2018
Sold by
Silva Balsemar Hernanderz and Silva Maria D
Bought by
Jackson Erik Michael
Seller's Agent
Michael Dubert
Wounded Warrior Realty, Llc
List Price
$369,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.31%
Original Mortgage
$361,334
Interest Rate
5.12%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Capital Title
Vendors Lien -- Sierra Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $345,000 New Conventional
Previous Owner $361,334 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/05/2025 09/05/25 Sold -- -- --
08/16/2025 08/16/25 Pending -- -- --
07/26/2025 07/26/25 For Sale $475,000 +28.7% $106 / Sq Ft
10/31/2018 10/31/18 Sold -- -- -- View Prior Sale
10/12/2018 10/12/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $369,000 -- $82 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,597 $602,045 $102,349 $499,696
2024 $14,597 $544,239 $102,349 $441,890
2023 $14,599 $544,706 $102,349 $442,357
2022 $11,386 $405,918 $63,650 $342,268
2021 $10,310 $360,941 $63,650 $297,291
2020 $10,538 $364,310 $63,650 $300,660
2019 $10,685 $364,620 $63,650 $300,970
2018 $10,334 $350,590 $63,650 $286,940
2017 $5,623 $189,176 $63,650 $125,526
Source: Public Records

Agents Affiliated with this Home

  • Josephine Rees

    Seller's Agent in 2025

    Josephine Rees

    Exp Realty Llc

    (956) 987-3363

    1 in this area

    15 Total Sales

    Josephine Rees
    Section Image
  • Michael Dubert

    Seller's Agent in 2018

    Michael Dubert

    Wounded Warrior Realty, Llc

    (956) 789-4141

    1 in this area

    46 Total Sales

    Michael Dubert
    Section Image
See All Agents

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 476927

Greater McAllen Association of REALTORS®

APN: M3249-00-000-0041-00

Texas Hidalgo County Pharr 78577

1707 W Smith Dr, Pharr, TX

Sold

MultiFamily

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