4-Plex Townhome-Style Units with
For Sale
$455,000
1216 Holik Drive, College Station, TX 77840
MULTI_FAMILY - College Station, TX
Property Size3,960 SF
Lot Size0.16 Acres
Price / SF$114.90
Days on Market238
Property Features for 1216 Holik Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
C05
Patio and Porch features
Deck, Patio
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 Holik C05
Size
3,960 SF
Lot size
0.16 Acres
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
in-unit washer/dryer
kitchen appliances
private patio
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) 777-9067
Added: Dec 12, 2025
Changed: Aug 6
Last Checked: Aug 7 at 4:06PM
MLS# 25012967
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 4-plex package on Holik Drive is built around two-story, townhome-style units featuring two bedrooms and one bathroom. Each unit includes open living areas, unique wooden staircases, and private patios both upstairs and downstairs. Residents have in-unit washers and dryers, plus major kitchen appliances, supporting low-friction everyday living. The property also includes covered deck, deck, and patio exterior features, with carpet and laminate flooring throughout. Heating is electric with central heating, and cooling is central air with electric. The roof is composition, and the buildings were constructed in 1975.
The property is in College Station and described as just minutes from Texas A&M University, positioned behind Target and HEB. It sits among mature trees and backs onto a creek, creating a park-like setting, with close proximity to Lemon Tree Park. The package is 100% occupied, and the listing notes unit 1218 Holik is also available for sale.
On a 0.1604-acre lot totaling 3,960 square feet, this configuration offers a compact, repeatable layout across the 4-plex for a consistent tenant experience.
The property is in College Station and described as just minutes from Texas A&M University, positioned behind Target and HEB. It sits among mature trees and backs onto a creek, creating a park-like setting, with close proximity to Lemon Tree Park. The package is 100% occupied, and the listing notes unit 1218 Holik is also available for sale.
On a 0.1604-acre lot totaling 3,960 square feet, this configuration offers a compact, repeatable layout across the 4-plex for a consistent tenant experience.
Key Highlights
- 4‑plex package on Holik Drive described as 100% occupied
- Two‑story townhome‑style units with two bedrooms, one bath, wooden staircases, and private patios upstairs and downstairs
- In‑unit washers and dryers plus major kitchen appliances
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
$37,989
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
8.35%
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%
$759,780
$759.8K
Cap Rate 7%
$542,700
$542.7K
Cap Rate 9%
$422,100
$422.1K
Market Conditions
NOI Build-Up for 3,960 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
$72.7K $18.36/SF
− Vacancy
−$3.6K −$0.92/SF
EGI
$69.1K $17.44/SF
− OpEx
−$31.1K −$7.85/SF
NOI
$38.0K $9.59/SF
Area
College Station, TX
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
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%
$759,780
Cap Rate 7%
$542,700
Cap Rate 9%
$422,100
Alternative Uses
Best Use
Multifamily LT 5
$608.2K
$532.1K – $709.5K
NOI $42,571 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$542.7K
$474.9K – $633.2K
NOI $37,989 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$975.1K
$853.2K – $1.14M
NOI $68,258 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
573
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
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Frequently Asked Questions
What type of property is this?
Quadplex - A zoned C05 4-plex package with private patios, in-unit laundry, and major kitchen appliances, fully occupied.
Where is this quadplex located?
The property is located at 1216 Holik Drive College Station, TX.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 4‑plex package on Holik Drive described as 100% occupied; Two‑story townhome‑style units with two bedrooms, one bath, wooden staircases, and private patios upstairs and downstairs; In‑unit washers and dryers plus major kitchen appliances
