Turnkey Fourplex in Gated
For Sale
$479,000
4666 W Huckleberry Street, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size3,705 SF
Lot Size0.23 Acres
Price / SF$129.28
Days on Market70
Property Features for 4666 W Huckleberry Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking
7
Security features
Security System
Patio and Porch features
Patio, Porch
Exterior features
Motorized Gate
Fencing
Gate, Privacy
Appliances
Electric Water Heater, Water Heater (In Attic), Smooth Electric Cooktop, Disposal, Dryer, Microwave, Oven-Single, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Atwood Village
Lot features
Corner Lot, Curb & Gutters, Irregular Lot, Mature Trees, Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Flores-Zapata
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 107 University Dr go N on 10th St, turn Left on W Shunior St, turn right on clarence, the four plex is immediately to the left (corner lot) next to the entrance gate
Standard status
Active
APN
A635000000011100
Size
3,705 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8389
HOA Fee
$500 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
gated community
custom cabinetry
recessed ceilings
modern finishes
stainless steel appliances
in-unit washers and dryers
private yard space
covered parking spaces
Building Details
Year built
2024
Floors in Building
1
Number of units
4
Building materials
Stone, Stucco
Roof type
Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Ingrid Cepeda
(956) 538-0376
Added: Jun 22
Changed: Aug 13
Last Checked: Aug 30 at 4:06AM
MLS# 506644
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.
Fully leased fourplex on a corner lot in a gated community, presented as a turnkey investment with all units occupied. The property consists of three spacious 2-bedroom, 2-bath units and one oversized 1-bedroom, 1-bath studio, each designed with custom cabinetry and recessed ceilings. Unit interiors include stainless steel appliances such as refrigerators and microwaves, along with in-unit washers and dryers. Additional tenant convenience is provided by private yard space for every residence and covered parking.
The property is listed with a 2024 build date and a condition of under construction. Exterior elements include a motorized gate and privacy fencing. Construction is noted as stone and stucco, with a composition roof. Heating is central electric and cooling is electric central air.
Water service is public, and the home includes an electric water heater, along with a water heater noted as located in the attic.
The property is listed with a 2024 build date and a condition of under construction. Exterior elements include a motorized gate and privacy fencing. Construction is noted as stone and stucco, with a composition roof. Heating is central electric and cooling is electric central air.
Water service is public, and the home includes an electric water heater, along with a water heater noted as located in the attic.
Key Highlights
- 0.2252‑acre corner lot fourplex in a gated community
- All units leased and occupied
- Three 2‑bedroom, 2‑bath units plus one oversized 1‑bedroom, 1‑bath studio
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
$34,806
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
7.27%
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%
$696,120
$696.1K
Cap Rate 7%
$497,229
$497.2K
Cap Rate 9%
$386,733
$386.7K
Market Conditions
NOI Build-Up for 3,705 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
$51.1K $13.80/SF
− Vacancy
−$1.4K −$0.38/SF
EGI
$49.7K $13.42/SF
− OpEx
−$14.9K −$4.03/SF
NOI
$34.8K $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%
$696,120
Cap Rate 7%
$497,229
Cap Rate 9%
$386,733
Alternative Uses
Best Use
Multifamily LT 5
$497.2K
$435.1K – $580.1K
NOI $34,806 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$444.3K
$388.8K – $518.4K
NOI $31,104 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$961.4K
$841.2K – $1.12M
NOI $67,295 @ 7.0% cap · market cap 14.05%
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
122
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased fourplex on a corner lot with motorized gate, built in 2024, with in-unit washer and dryer
Where is this quadplex located?
The property is located at 4666 W Huckleberry Street Edinburg, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 0.2252‑acre corner lot fourplex in a gated community; All units leased and occupied; Three 2‑bedroom, 2‑bath units plus one oversized 1‑bedroom, 1‑bath studio
