Four-Unit Quadplex with One Vacant
For Sale
$319,500
2400 Jaguar Drive, Bryan, TX 77807
MULTI_FAMILY - Bryan, TX
Property Size1,748 SF
Lot Size0.23 Acres
Price / SF$182.78
Days on Market43
Property Features for 2400 Jaguar Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
B03
Subdivision
La Brisa
Elementary school district
Bryan
Middle school district
Bryan
High school district
Bryan
Directions
From Texas A&M University, take Wellborn Rd/Hwy 6 to Harvey Mitchell Pkwy, turn onto Villa Maria Rd, then turn onto Jaguar Dr. Property is on the left.
Standard status
Active
APN
2400 Jaguar B03
Size
1,748 SF
Lot size
0.23 Acres
Utilities
Heating system
Electric (Heating), Central
Building Details
Year built
1980
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Jahbari McLennan
(870) 530-2950
Added: Jul 1
Changed: Aug 3
Last Checked: Aug 12 at 1:06PM
MLS# 26008773
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 quadplex offers four residential units on a 0.2319-acre lot, built in 1980 and totaling 1,748 SF. Three of the four units are currently occupied with established tenancy, while Unit C is vacant and move-in ready. Unit A’s lease runs through Nov 2026, Unit B was recently renewed through April 2027, and Unit D is a HUD/Section 8 tenant with reported excellent unit upkeep. Recent capital improvements include a new AC unit.
Utilities are structured with electric separately metered and tenant-paid, while water is owner-paid through a single meter split evenly across the units. The property is zoned B03, and the roof is a composition roof.
The combination of existing occupancy, a vacant unit for immediate lease-up, and straightforward utility setup can support a range of ownership approaches. Buyer to verify all information. Not a survey.
Utilities are structured with electric separately metered and tenant-paid, while water is owner-paid through a single meter split evenly across the units. The property is zoned B03, and the roof is a composition roof.
The combination of existing occupancy, a vacant unit for immediate lease-up, and straightforward utility setup can support a range of ownership approaches. Buyer to verify all information. Not a survey.
Key Highlights
- 0.2319‑acre quadplex lot
- 1,748 SF total building size
- Built in 1980 with composition roof
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
$18,792
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
5.88%
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%
$375,840
$375.8K
Cap Rate 7%
$268,457
$268.5K
Cap Rate 9%
$208,800
$208.8K
Market Conditions
NOI Build-Up for 1,748 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
$28.3K $16.20/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$26.8K $15.36/SF
− OpEx
−$8.1K −$4.61/SF
NOI
$18.8K $10.75/SF
Area
Brazos County, 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%
$375,840
Cap Rate 7%
$268,457
Cap Rate 9%
$208,800
Alternative Uses
Best Use
Multifamily LT 5
$268.5K
$234.9K – $313.2K
NOI $18,792 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$239.6K
$209.6K – $279.5K
NOI $16,769 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$430.4K
$376.6K – $502.2K
NOI $30,130 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 77807, TX
13,140
Population
6,007
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
82%
High-School Grad
98.3 sq mi
ZIP Area
134
Density / Sq Mi
$72,605
Median Household Income
$43,772
Median Earnings
$1,227
Median Rent
$251,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex in Bryan zoned B03, with three occupied units and one move-in ready vacancy for lease-up or owner use.
Where is this quadplex located?
The property is located at 2400 Jaguar Drive Bryan, TX.
What is the asking price?
The asking price for this property is $319,500.
What are key features of this property?
This property features: 0.2319‑acre quadplex lot; 1,748 SF total building size; Built in 1980 with composition roof
