Duplex with Private Fenced
New
For Sale
$305,000
1517 Hillside Drive, College Station, TX 77845
MULTI_FAMILY - College Station, TX
Property Size1,830 SF
Lot Size0.15 Acres
Price / SF$166.67
Days on Market2
Property Features for 1517 Hillside Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C15
Patio and Porch features
Patio
Exterior features
Patio
Subdivision
Southwood Valley
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
From Texas Ave go West on Harvey Mitchell Pkwy, turn Left onto Longmire Dr, turn Right onto Brothers Blvd, tunr Right onto Hillside Dr, the duplex is on the Right.
Standard status
Active
APN
1517 Hillside C15
Size
1,830 SF
Lot size
0.15 Acres
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Composition
Listing Agency:
Bell Properties
(979) 218-1565
Listed By:
Maurey Bell Lee
(979) 218-1565
Added: Aug 7
Last Checked: Aug 8 at 7:06AM
MLS# 26009997
Copyright © 2026 Bryan-College Station Regional MLS. 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.
This 1,830-square-foot duplex, built in 1976, contains two residential units with matching layouts. Each unit includes two bedrooms, one full bathroom, a living room, dining area, and galley-style kitchen. Vinyl flooring, central heating, and central air are noted throughout the property. Both residences have private fenced backyards with patios, while Unit 1517 has received updates. The composition roof was replaced in Summer 2021.
Both units are currently leased. The property is located at 1517 Hillside Drive in College Station, near Walmart, parks, schools, Texas Avenue, and Texas A&M. Zoning is C15, and the site encompasses 0.1515 acres.
Both units are currently leased. The property is located at 1517 Hillside Drive in College Station, near Walmart, parks, schools, Texas Avenue, and Texas A&M. Zoning is C15, and the site encompasses 0.1515 acres.
Key Highlights
- Two‑unit duplex totaling 1,830 square feet
- Each unit includes 2 bedrooms and 1 full bathroom
- Private, fully fenced backyard and patio for both units
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
$19,673
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
6.45%
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%
$393,460
$393.5K
Cap Rate 7%
$281,043
$281.0K
Cap Rate 9%
$218,589
$218.6K
Market Conditions
NOI Build-Up for 1,830 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
$29.6K $16.20/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$28.1K $15.36/SF
− OpEx
−$8.4K −$4.61/SF
NOI
$19.7K $10.75/SF
Area
College Station, TX
Vacancy
5.20%
Lease Rate
$16.20 /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%
$393,460
Cap Rate 7%
$281,043
Cap Rate 9%
$218,589
Alternative Uses
Best Use
Multifamily LT 5
$281.0K
$245.9K – $327.9K
NOI $19,673 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$250.8K
$219.4K – $292.6K
NOI $17,555 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$450.6K
$394.3K – $525.7K
NOI $31,543 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 77845, TX
70,108
Population
31,464
Households
2.2
Avg Household Size
30
Median Age
61%
College-Educated
96%
High-School Grad
142.5 sq mi
ZIP Area
492
Density / Sq Mi
$90,434
Median Household Income
$46,532
Median Earnings
$1,384
Median Rent
$349,900
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?
Duplex - Both units offer two bedrooms, a full bathroom, and separate fenced outdoor areas.
Where is this duplex located?
The property is located at 1517 Hillside Drive College Station, TX.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,830 square feet; Each unit includes 2 bedrooms and 1 full bathroom; Private, fully fenced backyard and patio for both units
