Fully Leased
For Sale
$149,900
4813 Haven Ln, Edinburg, TX 78542
Three occupied units provide an existing residential income configuration outside city limits.
Property Size1,254 SF
Price / SF$119.54
Days on Market92
Property Features for 4813 Haven Ln
General Information
Standard status
Active
Size
1,254 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,793
Listing Agency:
BIG Realty
(956) 821-6417
Listed By:
Irma Ramirez
(956) 821-6417
Source:
Exprealty
Added: May 20
Changed: Aug 18
Last Checked: Aug 19 at 11:26AM
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 BIG Realty
Investment Insights
Based on property information with market context.
This triplex contains three residential units, all currently occupied under existing leases. The property sits on approximately 0.50 acres in the county area of Edinburg and is not subject to city restrictions.
Located at 4813 Haven Ln, the property offers access to schools, shopping, and major roadways. Its three-unit configuration and current occupancy provide a clearly defined residential income asset.
Located at 4813 Haven Ln, the property offers access to schools, shopping, and major roadways. Its three-unit configuration and current occupancy provide a clearly defined residential income asset.
Key Highlights
- Three‑unit triplex with all units currently occupied
- Approximately 0.50 acres in the county area of Edinburg
- Outside city limits with no city restrictions
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
$11,781
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
7.86%
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%
$235,620
$235.6K
Cap Rate 7%
$168,300
$168.3K
Cap Rate 9%
$130,900
$130.9K
Market Conditions
NOI Build-Up for 1,254 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
$17.3K $13.80/SF
− Vacancy
−$476 −$0.38/SF
EGI
$16.8K $13.42/SF
− OpEx
−$5.0K −$4.03/SF
NOI
$11.8K $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%
$235,620
Cap Rate 7%
$168,300
Cap Rate 9%
$130,900
Alternative Uses
Best Use
Multifamily LT 5
$168.3K
$147.3K – $196.4K
NOI $11,781 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$150.4K
$131.6K – $175.5K
NOI $10,528 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$325.4K
$284.7K – $379.6K
NOI $22,777 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
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?
Triplex - Three occupied units provide an existing residential income configuration outside city limits.
Where is this triplex located?
The property is located at 4813 Haven Ln Edinburg, TX.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Three‑unit triplex with all units currently occupied; Approximately 0.50 acres in the county area of Edinburg; Outside city limits with no city restrictions
