Estimated payment $1,251/month
Highlights
- 0.32 Acre Lot
- No HOA
- Tile Flooring
- Mature Trees
- Laundry closet
- Central Heating and Cooling System
About This Home
Prime Value-Add Investment Opportunity – Pharr, TX
Rare double-lot property offering multiple income streams and significant upside potential. The main residence has been converted into a duplex (4BR/3BA total) featuring two kitchens and two living areas. In addition, the property includes:
Detached 1BR/1BA apartment
Detached 3BR/1BA home
RV with alley access and private fencing
The main home is in fair condition, while the rear units require improvements—making this a true value-add play. Once renovated, the property has the potential to deliver strong and stable cash flow, whether as a fix-and-flip project or a long-term buy-and-hold investment.
Centrally located near schools, Cage Blvd, and the expressway, this property is positioned for rental demand and appreciation.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,691
Year Built
- Built in 1977
Lot Details
- 0.32 Acre Lot
- Wood Fence
- Mature Trees
Parking
- 1 Carport Space
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 3,568 Sq Ft Home
- 1-Story Property
- Tile Flooring
- Laundry closet
Outdoor Features
- Outbuilding
Schools
- Aida C. Escobar Elementary School
- Kennedy Middle School
- Psja South West High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
- 3 Buildings
- Pharr Original Townsite Subdivision
Listing and Financial Details
- Assessor Parcel Number P640000078000600
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,306 | $174,906 | -- | -- |
2023 | $4,356 | $162,542 | $0 | $0 |
2022 | $4,271 | $152,274 | $0 | $0 |
2021 | $3,854 | $134,915 | $42,000 | $107,145 |
2020 | $3,382 | $116,905 | $42,000 | $79,101 |
2019 | $3,011 | $102,737 | $37,100 | $65,637 |
2018 | $3,048 | $103,407 | $37,100 | $66,307 |
2017 | $2,978 | $100,179 | $37,100 | $66,977 |
2016 | $2,736 | $92,029 | $35,000 | $57,029 |
2015 | $2,469 | $92,262 | $35,000 | $57,262 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/29/2025 08/29/25 | For Sale | $159,000 | -- | $45 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | -- | None Listed On Document | |
Warranty Deed | -- | None Available | |
Vendors Lien | -- | Security Land Title Co |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $6,500 | Unknown | |
Previous Owner | $14,652 | Seller Take Back |
Source: Greater McAllen Association of REALTORS®
MLS Number: 479551

APN: P6400-00-078-0006-00
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