Fully Leased
For Sale
$439,000
1227 White Oak Drive, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size3,480 SF
Lot Size0.24 Acres
Price / SF$126.15
Days on Market48
Property Features for 1227 White Oak Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Other
Patio and Porch features
Patio
Fencing
Privacy
Appliances
Electric Water Heater, Dryer
Subdivision
West Oak Manor
Lot features
Curb & Gutters, Sidewalks, Sprinkler System
Elementary school
Lincoln
Middle school
B.L. Garza
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Heading north on Business 281, make a left on W Chapin St. Left Bodark Dr. Right on Fig Dr and immediate left on White Oak Dr. Property Will be on the right.
Standard status
Active
APN
W378000000001100
Size
3,480 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9561
HOA Fee
$650 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2017
Floors in Building
1
Number of units
4
Building materials
Stone, Stucco
Roof type
Composition
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Preshina Samtani · License #617748
(956) 460-7763
Added: Jul 14
Changed: Aug 28
Last Checked: Aug 30 at 2:06PM
MLS# 509542
Copyright © 2026 Greater McAllen Association of Realtors. 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 fourplex contains four 2-bedroom, 2-bathroom residences within a gated community. The building provides 3,480 square feet on a 0.2398-acre lot, with each unit equipped with kitchen appliances and a washer and dryer. Individual residences also include patio space and privacy fencing.
The property is fully leased and includes central heating and central air conditioning powered by electricity. Additional physical features include stone and stucco construction, a composition roof, and public water service. The asset is located in Edinburg, Texas, within Hidalgo County.
The property is fully leased and includes central heating and central air conditioning powered by electricity. Additional physical features include stone and stucco construction, a composition roof, and public water service. The asset is located in Edinburg, Texas, within Hidalgo County.
Key Highlights
- Four 2‑bedroom, 2‑bathroom units
- 3,480 square feet on a 0.2398‑acre lot
- Fully leased fourplex in a gated community
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
$32,692
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
7.45%
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%
$653,840
$653.8K
Cap Rate 7%
$467,029
$467.0K
Cap Rate 9%
$363,244
$363.2K
Market Conditions
NOI Build-Up for 3,480 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
$48.0K $13.80/SF
− Vacancy
−$1.3K −$0.38/SF
EGI
$46.7K $13.42/SF
− OpEx
−$14.0K −$4.03/SF
NOI
$32.7K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /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%
$653,840
Cap Rate 7%
$467,029
Cap Rate 9%
$363,244
Alternative Uses
Best Use
Multifamily LT 5
$467.0K
$408.7K – $544.9K
NOI $32,692 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$417.4K
$365.2K – $486.9K
NOI $29,216 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$903.0K
$790.1K – $1.05M
NOI $63,208 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
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 - Gated-community property with residential units offering private patios and in-unit laundry.
Where is this quadplex located?
The property is located at 1227 White Oak Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bathroom units; 3,480 square feet on a 0.2398‑acre lot; Fully leased fourplex in a gated community
