Quadplex with Covered
For Sale
$445,000
2402 Bosque Drive, College Station, TX 77845
MULTI_FAMILY - College Station, TX
Property Size3,670 SF
Lot Size0.23 Acres
Price / SF$121.25
Days on Market104
Property Features for 2402 Bosque Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C10
Parking
8
Patio and Porch features
Deck
Exterior features
Covered Deck, Deck
Subdivision
Southwood Valley
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
Take Harvey Mitchell Pkwy to Left on Rio Grande, Right on Balcones, Left on Bosque. Property is on the Left.
Standard status
Active
APN
2402 Bosque C10
Size
3,670 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1980
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet, Laminate
Roof type
Composition, Shingle
Listing Agency:
Longitude Real Estate
(979) 431-5005
Listed By:
Gordon Pate · License #0321188
(979) 431-5005
Added: Apr 29
Changed: Aug 3
Last Checked: Aug 10 at 1:06AM
MLS# 26005109
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 provides a straightforward residential income setup with four fully leased units. Each unit is described as two-bedroom with one-and-a-half baths, and the property is reported as 100% occupied with an established rental history.
The property includes rear parking for all residents and features covered exterior deck space, with decks called out in the exterior features. The home is configured with central heating and cooling, including natural gas heating and electric central air.
The property was built in 1980 and sits on a 0.2296-acre lot. It is zoned C10, supporting a residential income use in the Southwood Valley area of College Station.
The property includes rear parking for all residents and features covered exterior deck space, with decks called out in the exterior features. The home is configured with central heating and cooling, including natural gas heating and electric central air.
The property was built in 1980 and sits on a 0.2296-acre lot. It is zoned C10, supporting a residential income use in the Southwood Valley area of College Station.
Key Highlights
- Fully leased fourplex with 100% occupancy
- Two‑bedroom, one‑and‑a‑half‑bath unit configuration
- Rear parking included for all residents
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
$39,454
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
8.87%
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%
$789,080
$789.1K
Cap Rate 7%
$563,629
$563.6K
Cap Rate 9%
$438,378
$438.4K
Market Conditions
NOI Build-Up for 3,670 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
$59.5K $16.20/SF
− Vacancy
−$3.1K −$0.84/SF
EGI
$56.4K $15.36/SF
− OpEx
−$16.9K −$4.61/SF
NOI
$39.5K $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%
$789,080
Cap Rate 7%
$563,629
Cap Rate 9%
$438,378
Alternative Uses
Best Use
Multifamily LT 5
$563.6K
$493.2K – $657.6K
NOI $39,454 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$503.0K
$440.1K – $586.8K
NOI $35,207 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$903.7K
$790.7K – $1.05M
NOI $63,259 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
241
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Zoned C10 quadplex with two-bedroom, one-and-a-half-bath units and rear parking for residents.
Where is this quadplex located?
The property is located at 2402 Bosque Drive College Station, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Fully leased fourplex with 100% occupancy; Two‑bedroom, one‑and‑a‑half‑bath unit configuration; Rear parking included for all residents
