Gated Community
New
For Sale
$440,000
3809 Whitewing Avenue, Edinburg, TX 78539
Four-unit property with varied floor plans, private backyards, and included kitchen and laundry appliances.
Property Size3,940 SF
Price / SF$111.68
Days on Market4
Property Features for 3809 Whitewing Avenue
General Information
Standard status
Active
Size
3,940 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,441
Amenities
gated community
stove
oven
refrigerator
washer
dryer
private backyard
Building Details
Buildings
1
Listing Agency:
Golden Key Real Estate & Investments, LLC
(956) 278-1020
Listed By:
Jovanna Saenz · License #9015359
(956) 278-1020
Source:
Exprealty
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 8:46AM
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 Golden Key Real Estate & Investments, LLC
Investment Insights
Based on property information with market context.
This fourplex in Edinburg offers a mix of one-bedroom, two-bedroom, and three-bedroom units, creating a varied configuration within a single multifamily asset. Each residence includes a stove, oven, refrigerator, washer, and dryer, along with its own private backyard.
The property is located in Sprague Village, a gated community at 3809 Whitewing Avenue. Schools, medical facilities, shopping, dining, and major roadways are identified as nearby, placing everyday services and transportation connections within the surrounding area. The property is positioned as a multifamily asset for an investor seeking to add a four-unit property to a portfolio.
The property is located in Sprague Village, a gated community at 3809 Whitewing Avenue. Schools, medical facilities, shopping, dining, and major roadways are identified as nearby, placing everyday services and transportation connections within the surrounding area. The property is positioned as a multifamily asset for an investor seeking to add a four-unit property to a portfolio.
Key Highlights
- Fourplex in Sprague Village, a gated community
- Mix of one‑bedroom, two‑bedroom, and three‑bedroom floor plans
- Each unit includes a stove, oven, and refrigerator
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
$37,014
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
8.41%
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%
$740,280
$740.3K
Cap Rate 7%
$528,771
$528.8K
Cap Rate 9%
$411,267
$411.3K
Market Conditions
NOI Build-Up for 3,940 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
$54.4K $13.80/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$52.9K $13.42/SF
− OpEx
−$15.9K −$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%
$740,280
Cap Rate 7%
$528,771
Cap Rate 9%
$411,267
Alternative Uses
Best Use
Multifamily LT 5
$528.8K
$462.7K – $616.9K
NOI $37,014 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$472.5K
$413.5K – $551.3K
NOI $33,077 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.02M
$894.5K – $1.19M
NOI $71,563 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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 - Four-unit property with varied floor plans, private backyards, and included kitchen and laundry appliances.
Where is this quadplex located?
The property is located at 3809 Whitewing Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Fourplex in Sprague Village, a gated community; Mix of one‑bedroom, two‑bedroom, and three‑bedroom floor plans; Each unit includes a stove, oven, and refrigerator
