Four-Unit Quadplex with
For Sale
$475,000
3613 Whitewing Avenue, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size3,935 SF
Lot Size0.26 Acres
Price / SF$120.71
Days on Market116
Property Features for 3613 Whitewing Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Other
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Sprague Village
Lot features
Cul-De-Sac, Curb & Gutters, Sidewalks
Elementary school
Trevino
Middle school
Longoria
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From McCroll Rd, head west on Sprague Rd. Make right on Reynolds Ave. Property will be at the end street as it intersects with Whitewing Ave.
Standard status
Active
APN
S544300000011600
Size
3,935 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10397
HOA Fee
$700 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
in-unit washer/dryer
private patios
Building Details
Year built
2019
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Preshina Samtani · License #617748
(956) 460-7763
Added: Jun 10
Changed: Sep 14
Last Checked: Oct 3 at 3:06PM
MLS# 498394
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.
Built in 2019, this 3,935-square-foot quadplex contains four residences on a 0.2585-acre parcel in Edinburg. The unit mix includes one 1-bedroom/1-bath residence, one 2-bedroom/2-bath residence, and two 3-bedroom/2-bath residences. All units are leased and include a stove, refrigerator, microwave, washer, and dryer.
Each residence has a private patio, while both 3-bedroom units feature larger L-shaped patio areas. The property includes central heating and cooling, electric service, stucco construction, a composition roof, public water, and an exterior sprinkler system. Located at 3613 Whitewing Avenue, the property is within the 78539 postal area of Hidalgo County.
Each residence has a private patio, while both 3-bedroom units feature larger L-shaped patio areas. The property includes central heating and cooling, electric service, stucco construction, a composition roof, public water, and an exterior sprinkler system. Located at 3613 Whitewing Avenue, the property is within the 78539 postal area of Hidalgo County.
Key Highlights
- 3,935‑square‑foot quadplex built in 2019
- Four‑unit mix: one 1‑bedroom/1‑bath, one 2‑bedroom/2‑bath, and two 3‑bedroom/2‑bath units
- All units are leased
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
$36,967
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
7.78%
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%
$739,340
$739.3K
Cap Rate 7%
$528,100
$528.1K
Cap Rate 9%
$410,744
$410.7K
Market Conditions
NOI Build-Up for 3,935 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
$54.3K $13.80/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$52.8K $13.42/SF
− OpEx
−$15.8K −$4.03/SF
NOI
$37.0K $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%
$739,340
Cap Rate 7%
$528,100
Cap Rate 9%
$410,744
Alternative Uses
Best Use
Multifamily LT 5
$528.1K
$462.1K – $616.1K
NOI $36,967 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$471.9K
$412.9K – $550.6K
NOI $33,035 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.02M
$893.4K – $1.19M
NOI $71,472 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
308
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased multifamily property with varied floor plans, in-unit appliances, and private outdoor areas.
Where is this quadplex located?
The property is located at 3613 Whitewing Avenue 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: 3,935‑square‑foot quadplex built in 2019; Four‑unit mix: one 1‑bedroom/1‑bath, one 2‑bedroom/2‑bath, and two 3‑bedroom/2‑bath units; All units are leased
