Four-Unit Apartment
New
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 Market3
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
Last Checked: Sep 2 at 7:20PM
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
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 = 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
$39,456
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
8.31%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
