Brick Fourplex Near Texas
For Sale
$610,000
1808 Woodsman Drive, College Station, TX 77840
Multi-Family, College Station, TX
Property Size4,784 SF
Lot Size0.22 Acres
Price / SF$127.51
Days on Market129
Property Features for 1808 Woodsman Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
C08
Subdivision
Woodson Village
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
From the corner of George Bush Drive W and Penberthy (Jones-Butler Road) head south. Continue past the intersection at Luther and turn right on Woodsman Drive (if you get to Holleman you've gone too far). The building will be on the right.
Standard status
Active
APN
1808 Woodsman C08
Size
4,784 SF
Lot size
0.22 Acres
Utilities
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Building Details
Year built
1993
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Laminate, Tile, Carpet
Roof type
Composition
Listing Agency:
Keller Williams Realty Brazos Valley office
(979) 693-9100
Listed By:
David Shellenberger · License #0581309
(979) 229-4005
Added: Apr 29
Changed: Sep 3
Last Checked: Sep 4 at 3:06AM
MLS# 26004687
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 four-unit property includes four three-bedroom, two-bath residences, each measuring just under 1,200 square feet. The 4,784-square-foot building was completed in 1993 and features full brick construction, composition roofing, and a mix of tile, vinyl, laminate, and carpet flooring. Central heating and cooling are complemented by electric systems and ceiling fans. Parking is provided at both the front and rear of the property.
Set in College Station, the property is within biking distance of Texas A&M University and lies directly on the TAMU bus route. The 0.2194-acre site carries C08 zoning, and the address is 1808 Woodsman Drive, College Station, TX 77840.
Set in College Station, the property is within biking distance of Texas A&M University and lies directly on the TAMU bus route. The 0.2194-acre site carries C08 zoning, and the address is 1808 Woodsman Drive, College Station, TX 77840.
Key Highlights
- Four‑unit property with four 3‑bedroom, 2‑bath residences
- Each unit measures just under 1,200 square feet
- 4,784‑square‑foot building on a 0.2194‑acre lot
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
$51,430
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
8.43%
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%
$1,028,600
$1.0M
Cap Rate 7%
$734,714
$734.7K
Cap Rate 9%
$571,444
$571.4K
Market Conditions
NOI Build-Up for 4,784 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
$77.5K $16.20/SF
− Vacancy
−$4.0K −$0.84/SF
EGI
$73.5K $15.36/SF
− OpEx
−$22.0K −$4.61/SF
NOI
$51.4K $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%
$1,028,600
Cap Rate 7%
$734,714
Cap Rate 9%
$571,444
Alternative Uses
Best Use
Multifamily LT 5
$734.7K
$642.9K – $857.2K
NOI $51,430 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$655.6K
$573.7K – $764.9K
NOI $45,893 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,461 @ 7.0% cap · market cap 13.52%
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
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 77840, TX
55,180
Population
25,423
Households
2.2
Avg Household Size
25
Median Age
46%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$31,278
Median Household Income
$14,521
Median Earnings
$1,085
Median Rent
$241,000
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 residential units offer three-bedroom, two-bath layouts with brick exteriors, front and rear parking, and access to the TAMU bus route.
Where is this quadplex located?
The property is located at 1808 Woodsman Drive College Station, TX.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Four‑unit property with four 3‑bedroom, 2‑bath residences; Each unit measures just under 1,200 square feet; 4,784‑square‑foot building on a 0.2194‑acre lot
