Duplex with Private
For Sale
$975,000
304 Cooner Street, College Station, TX 77840
Multi-Family, College Station, TX
Property Size3,696 SF
Lot Size0.24 Acres
Price / SF$263.80
Days on Market31
Property Features for 304 Cooner Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C03
Parking
10
Patio and Porch features
Patio
Exterior features
Covered Patio
Fencing
Privacy
Subdivision
College Vista
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
Head Northwest on University Dr toward Asbury St./Tauber St. Turn right onto Nimitz St. Turn left at the 3rd cross street onto Ash St. Destination will be on the right.
Standard status
Active
APN
304 Cooner C03
Size
3,696 SF
Lot size
0.24 Acres
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Amenities
private balcony
fenced backyard
Building Details
Year built
2016
Floors in Building
2
Number of units
2
Flooring type
Tile, Carpet
Roof type
Composition
Listing Agency:
CENTURY 21 Integra · Century 21 Real Estate
(979) 764-2100
Listed By:
Jamie Prejean · License #0653743
(979) 777-1116
Added: Aug 5
Changed: Sep 3
Last Checked: Sep 4 at 10:06PM
MLS# 26009916
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.
Built in 2016, this duplex contains 3,696 square feet across two five-bedroom, five-bathroom units. Both residences offer open living, dining, and kitchen areas with granite countertops, stainless steel appliances, ample cabinetry, refrigerators, washers, and dryers. Private balconies, covered patios, privacy fencing, tile and carpet flooring, central heating, and central air add to the physical improvements. The property sits on 0.2373 acres and carries C03 zoning.
Located less than five minutes from Texas A&M University in College Station, the property is positioned near shopping, dining, entertainment, and everyday services. Both units are fully leased, and the floor plans are designed for student renters. The address is 304 Cooner Street, College Station, TX 77840.
Located less than five minutes from Texas A&M University in College Station, the property is positioned near shopping, dining, entertainment, and everyday services. Both units are fully leased, and the floor plans are designed for student renters. The address is 304 Cooner Street, College Station, TX 77840.
Key Highlights
- 3,696‑square‑foot duplex built in 2016
- Each unit offers 5 bedrooms and 5 bathrooms
- Both units are fully leased and less than five minutes from Texas A&M University
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
$39,733
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
4.08%
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%
$794,660
$794.7K
Cap Rate 7%
$567,614
$567.6K
Cap Rate 9%
$441,478
$441.5K
Market Conditions
NOI Build-Up for 3,696 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
$59.9K $16.20/SF
− Vacancy
−$3.1K −$0.84/SF
EGI
$56.8K $15.36/SF
− OpEx
−$17.0K −$4.61/SF
NOI
$39.7K $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%
$794,660
Cap Rate 7%
$567,614
Cap Rate 9%
$441,478
Alternative Uses
Best Use
Multifamily LT 5
$567.6K
$496.7K – $662.2K
NOI $39,733 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$506.5K
$443.2K – $590.9K
NOI $35,456 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$910.1K
$796.3K – $1.06M
NOI $63,707 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,097
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?
Duplex - Fully leased two-unit property with five-bedroom, five-bathroom layouts and furnished kitchen and laundry appliances.
Where is this duplex located?
The property is located at 304 Cooner Street College Station, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,696‑square‑foot duplex built in 2016; Each unit offers 5 bedrooms and 5 bathrooms; Both units are fully leased and less than five minutes from Texas A&M University
