Two Side-by-Side Quadplex
For Sale
$910,000
1216 & 1218 Holik Drive, College Station, TX 77840
MULTI_FAMILY - College Station, TX
Property Size3,508 SF
Lot Size0.26 Acres
Price / SF$259.41
Days on Market239
Property Features for 1216 & 1218 Holik Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C05
Patio and Porch features
Patio, Deck
Exterior features
Covered Deck, Deck, Patio
Subdivision
Glade East
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
Head towards TAMU campus on Texas Ave. Turn left on Holleman, turn left on Holik, Property will be on the right
Standard status
Active
APN
1216 & 1218 Holik C05
Size
3,508 SF
Lot size
0.26 Acres
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
in-unit washers and dryers
major kitchen appliances
private patios
Building Details
Year built
1975
Floors in Building
2
Number of units
4
Flooring type
Carpet, Laminate
Roof type
Composition
Listing Agency:
Texas Prime Real Estate
(979) 695-3300
Listed By:
Kathy Scott · License #0589435
(979) 695-3300
Added: Dec 11, 2025
Changed: Aug 4
Last Checked: Aug 7 at 4:06PM
MLS# 25012916
Copyright © 2026 Bryan-College Station Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is a two-property quadplex package with addresses at 1216 Holik Dr. and 1218 Holik Dr. Each building is a two-story, four-plex with two-bedroom, one-bath townhome-style units. Units feature open living areas, carpet and laminate flooring, electric central heating, and electric central air conditioning. Outdoor space includes private patios with deck and patio exterior features. Residents also have in-unit washers and dryers and major kitchen appliances.
The package is 100% occupied. The properties are located in College Station, TX, just minutes from Texas A&M University and positioned behind Target and HEB. Mature trees and a creek backdrop contribute to a park-like setting with natural shade and outdoor space.
Construction is supported by a 1975 year built, with a composition roof and covered deck elements.
The package is 100% occupied. The properties are located in College Station, TX, just minutes from Texas A&M University and positioned behind Target and HEB. Mature trees and a creek backdrop contribute to a park-like setting with natural shade and outdoor space.
Construction is supported by a 1975 year built, with a composition roof and covered deck elements.
Key Highlights
- Two side‑by‑side 4‑plexes at 1216 Holik Dr. and 1218 Holik Dr.
- 100% occupied quadplex package with four two‑bedroom, one‑bath units per building
- 0.2599 acres and 3,508 SF total, built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,712
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$754,240
$754.2K
Cap Rate 7%
$538,743
$538.7K
Cap Rate 9%
$419,022
$419.0K
Market Conditions
NOI Build-Up for 3,508 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.8K $16.20/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$53.9K $15.36/SF
− OpEx
−$16.2K −$4.61/SF
NOI
$37.7K $10.75/SF
Area
College Station, TX
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$754,240
Cap Rate 7%
$538,743
Cap Rate 9%
$419,022
Alternative Uses
Best Use
Multifamily LT 5
$538.7K
$471.4K – $628.5K
NOI $37,712 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$480.8K
$420.7K – $560.9K
NOI $33,653 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$863.8K
$755.8K – $1.01M
NOI $60,467 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 77840, TX
55,180
Population
25,423
Households
2.2
Avg Household Size
25
Median Age
46%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$31,278
Median Household Income
$14,521
Median Earnings
$1,085
Median Rent
$241,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two side-by-side quadplexes in C05 zoning, with 100% occupancy and townhome-style two-bedroom units.
Where is this quadplex located?
The property is located at 1216 & 1218 Holik Drive College Station, TX.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Two side‑by‑side 4‑plexes at 1216 Holik Dr. and 1218 Holik Dr.; 100% occupied quadplex package with four two‑bedroom, one‑bath units per building; 0.2599 acres and 3,508 SF total, built in 1975
