Four-Plex Backing to
For Sale
$455,000
1218 Holik Drive, College Station, TX 77840
MULTI_FAMILY - College Station, TX
Property Size3,508 SF
Lot Size0.26 Acres
Price / SF$129.70
Days on Market47
Property Features for 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 Remarks
Standard status
Active
APN
1218 Holik C05
Size
3,508 SF
Lot size
0.26 Acres
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
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: Jun 22
Changed: Aug 4
Last Checked: Aug 7 at 2:06PM
MLS# 26007375
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.
1218 Holik Drive is a C05-zoned four-plex built in 1975, offered fully occupied. The property consists of three spacious two-story, 2-bedroom, 1-bath townhome-style units and one 2-bedroom, 2-bath unit. Units feature open living areas, wooden staircases, and private patios both upstairs and downstairs.
Outdoor space is highlighted by covered decks, decks, and patios, with the property set among mature trees and backing to a peaceful creek. The location is in College Station, just minutes from Texas A&M University, near Target and H-E-B, and within walking distance to Lemon Tree Park.
Each unit includes in-unit washer and dryer hookups and major kitchen appliances. Interior finishes include carpet and laminate flooring, with electric central heating and central air conditioning, and a composition roof.
Outdoor space is highlighted by covered decks, decks, and patios, with the property set among mature trees and backing to a peaceful creek. The location is in College Station, just minutes from Texas A&M University, near Target and H-E-B, and within walking distance to Lemon Tree Park.
Each unit includes in-unit washer and dryer hookups and major kitchen appliances. Interior finishes include carpet and laminate flooring, with electric central heating and central air conditioning, and a composition roof.
Key Highlights
- Fully occupied four‑plex with three two‑story 2 bed/1 bath units and one 2 bed/2 bath unit
- 0.2599‑acre lot with 3,508 SF building
- Built in 1975 with composition roof
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
8.29%
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 8.29%
Second Best
Apartment 5plus
$480.8K
$420.7K – $560.9K
NOI $33,653 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$863.8K
$755.8K – $1.01M
NOI $60,467 @ 7.0% cap · market cap 13.29%
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
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 - C05-zoned four-plex with a mix of two-story, 2-bedroom units and patios and covered decks.
Where is this quadplex located?
The property is located at 1218 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: Fully occupied four‑plex with three two‑story 2 bed/1 bath units and one 2 bed/2 bath unit; 0.2599‑acre lot with 3,508 SF building; Built in 1975 with composition roof
