Updated Duplex with New
For Sale
$209,900
3808 Elaine Drive, Bryan, TX 77808
Multi-Family, Bryan, TX
Property Size1,680 SF
Lot Size0.16 Acres
Price / SF$124.94
Days on Market68
Property Features for 3808 Elaine Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
B15
Subdivision
Woodville Acres
Elementary school district
Bryan
Middle school district
Bryan
High school district
Bryan
Directions
Exit Woodville to Elaine, turn right. Duplex on left.
Standard status
Active
APN
3808 Elaine B15
Size
1,680 SF
Lot size
0.16 Acres
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1983
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Composition
Listing Agency:
TowerPoint Realty
(979) 213-6755
Listed By:
John Byers
(979) 428-8131
Added: Jun 24
Changed: Aug 21
Last Checked: Aug 30 at 6:06AM
MLS# 26007523
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 duplex contains 1,680 square feet across two tenant-occupied units. The property was built in 1983 and features laminate flooring, central heating, and central air conditioning with electric service. A composition roof and recently completed exterior paint provide updated exterior components, while interior finishes remain available for future improvement.
The property occupies 0.1551 acres and carries B15 zoning. Both units are currently occupied, providing an existing residential income configuration for the next owner.
The property occupies 0.1551 acres and carries B15 zoning. Both units are currently occupied, providing an existing residential income configuration for the next owner.
Key Highlights
- Two‑unit duplex with 1,680 square feet
- Both units are tenant‑occupied
- New composition roof and fresh exterior paint
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
$18,061
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
8.60%
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%
$361,220
$361.2K
Cap Rate 7%
$258,014
$258.0K
Cap Rate 9%
$200,678
$200.7K
Market Conditions
NOI Build-Up for 1,680 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
$27.2K $16.20/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$25.8K $15.36/SF
− OpEx
−$7.7K −$4.61/SF
NOI
$18.1K $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%
$361,220
Cap Rate 7%
$258,014
Cap Rate 9%
$200,678
Alternative Uses
Best Use
Multifamily LT 5
$258.0K
$225.8K – $301.0K
NOI $18,061 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$230.2K
$201.5K – $268.6K
NOI $16,116 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$413.7K
$362.0K – $482.6K
NOI $28,958 @ 7.0% cap · market cap 13.80%
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
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 77808, TX
15,217
Population
5,850
Households
2.6
Avg Household Size
40
Median Age
38%
College-Educated
91%
High-School Grad
253.6 sq mi
ZIP Area
60
Density / Sq Mi
$102,781
Median Household Income
$58,476
Median Earnings
$1,103
Median Rent
$352,200
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 occupied duplex with exterior improvements, central systems, and laminate flooring.
Where is this duplex located?
The property is located at 3808 Elaine Drive Bryan, TX.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 square feet; Both units are tenant‑occupied; New composition roof and fresh exterior paint
