Four-Unit Apartment
For Sale
$475,000
3613 Whitewing Ave, Edinburg, TX 78539
Recently built multifamily asset with a varied floor plan mix, in-unit appliances, and private outdoor areas for every residence.
Property Size4,200 SF
Price / SF$113.10
Days on Market48
Property Features for 3613 Whitewing Ave
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
4
Amenities
private patios
washer/dryer
Building Details
Year Built
2019
Listing Agency:
Key Realty
Listed By:
Preshina Samtani · License #617748
(956) 225-5295
Source:
Aregtx
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 7 at 4:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Key Realty
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Investment Insights
Based on property information with market context.
Completed in 2019, this 4,200-square-foot quadplex contains four residences with a combined mix of one 1-bedroom/1-bath unit, one 2-bedroom/2-bath unit, and two 3-bedroom/2-bath units. The property is fully leased, and each residence includes a stove, refrigerator, microwave, washer, and dryer.
Private patios accompany all four units, while the two 3-bedroom residences provide larger L-shaped patio areas. Located at 3613 Whitewing Ave in Edinburg, TX 78539, the property offers an established four-unit configuration with current occupancy and dedicated outdoor space.
Private patios accompany all four units, while the two 3-bedroom residences provide larger L-shaped patio areas. Located at 3613 Whitewing Ave in Edinburg, TX 78539, the property offers an established four-unit configuration with current occupancy and dedicated outdoor space.
Key Highlights
- Four‑unit property totaling 4,200 square feet
- Fully leased quadplex completed in 2019
- Unit mix includes one 1‑bedroom/1‑bath, one 2‑bedroom/2‑bath, and two 3‑bedroom/2‑bath residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,456
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,120
$789.1K
Cap Rate 7%
$563,657
$563.7K
Cap Rate 9%
$438,400
$438.4K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$58.0K $13.80/SF
− Vacancy
−$1.6K −$0.38/SF
EGI
$56.4K $13.42/SF
− OpEx
−$16.9K −$4.03/SF
NOI
$39.5K $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 Rate 5%
$789,120
Cap Rate 7%
$563,657
Cap Rate 9%
$438,400
Alternative Uses
Best Use
Multifamily LT 5
$563.7K
$493.2K – $657.6K
NOI $39,456 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$1.09M
$953.6K – $1.27M
NOI $76,285 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Recently built multifamily asset with a varied floor plan mix, in-unit appliances, and private outdoor areas for every residence.
Where is this quadplex located?
The property is located at 3613 Whitewing Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four‑unit property totaling 4,200 square feet; Fully leased quadplex completed in 2019; Unit mix includes one 1‑bedroom/1‑bath, one 2‑bedroom/2‑bath, and two 3‑bedroom/2‑bath residences
