$975,000

304 & 306 E Polk Ave Pharr, TX 78577

Estimated payment $7,401/month

Total Views 940
-- Bed
-- Bath
9,776 Sq Ft
$100 Price per Sq Ft

Highlights

  • 0.79 Acre Lot
  • No HOA
  • Slab Porch or Patio
  • Mature Trees
  • Built-In Features
  • Laundry closet

About This Home

Turnkey Investment Opportunity

Expand your portfolio with this exceptional multi-family package—12 unit apartment buildings located in the heart of South Texas. Each 2-bedroom unit includes, refrigerator & stove and includes 2 assigned parking spaces per unit, plus 2 additional guest spaces.

All units are currently leased, offering immediate, stable rental income in a high-demand area with strong occupancy history.

Whether you're a seasoned investor or just getting started, these properties offer income-producing asset ready to generate returns from day one.

Opportunities like this don’t last—schedule your showing today!

Listing Agent

Maggie Harris

Keller Williams Realty RGV Listed on: 06/26/2025

Keller Williams Realty RGV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,073

Year Built

  • Built in 2003

Lot Details

  • 0.79 Acre Lot
  • Cross Fenced
  • Wood Fence
  • Mature Trees

Parking

  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 9,776 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Tile Flooring
  • Fire and Smoke Detector
  • Electric Range

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Slab Porch or Patio
  • Outbuilding

Schools

  • Ford Elementary School
  • Liberty Middle School
  • Psja North High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number T478000000005400

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units
  • Tierra Del Norte Subdivision

Building Details

  • Gross Income $108,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,073

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Directions: from expressway 83, exit on Cage Blvd and head south. make a Left on Polk Ave. Apartments will be on your right side about 2 blocks
  • Year Built: 2003
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.7894
  • Road Surface Type: Paved
  • Subdivision Name: Tierra Del Norte
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • GMAR_Escrow: 10000
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
  • Flooring: Tile
  • Living Area: 9776

Exterior Features

  • Exterior Features: Mature Trees
  • Interior Amenities: Built-in Features, Ceiling Fan(s)
  • Fencing: Cross Fenced, Wood
  • Lot Features: Mature Trees, Sidewalks
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (Other)
  • Patio And Porch Features: Patio, Patio Slab
  • Pool YN: No

Garage/Parking

  • Parking Features: No Carport, No Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Association: No

Schools

  • Elementary School: Ford
  • High School: PSJA North H.S.
  • Junior High Dist: PSJA ISD
  • Middle Or Junior School: Liberty

Lot Info

  • Lot Size Sq Ft: 34387.1352
  • Parcel #: T478000000005400

Building Info

  • Buildings: 4

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 24073

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 12
  • Annual Gross Income: 108000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
2024 $11,034 $411,385 $109,489 $301,896
2023 $10,501 $391,795 $109,489 $282,306
2022 $10,082 $359,445 $67,900 $291,545
2021 $8,207 $287,312 $67,900 $219,412
2020 $7,647 $264,349 $61,150 $203,199
2019 $7,102 $242,362 $59,413 $182,949
2018 $7,029 $238,489 $59,413 $179,076
2017 $7,085 $238,361 $59,413 $178,948
2016 $7,771 $261,426 $39,043 $222,383
2015 $5,924 $228,358 $39,043 $189,315
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 For Sale $975,000 -- $100 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $24,450 Seller Take Back
Previous Owner $38,000 Unknown
Previous Owner $336,888 Unknown
Source: Public Records

Source: Greater McAllen Association of REALTORS®

MLS Number: 474633

Greater McAllen Association of REALTORS®

APN: T4780-00-000-0054-00

Texas Hidalgo County Pharr 78577

304 & 306 E Polk Ave, Pharr, TX

This home is located at 304 & 306 E Polk Ave, Pharr, TX 78577 and is currently priced at $975,000, approximately $99 per square foot. This property was built in 2003. 304 & 306 E Polk Ave is a home located in Hidalgo County with nearby schools including Henry Ford Elementary, Liberty Middle School, and PSJA North Early College High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater McAllen Association of REALTORS® The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed.

Copyright 2025 Greater McAllen Association of Realtors. All rights reserved.

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Maggie Harris
Listing Agent
Maggie Harris
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Keller Williams Realty RGV
(956) 477-0817