Duplex with Private
For Sale
$274,900
3909 Olive Street, Bryan, TX 77801
Multi-Family, Bryan, TX
Property Size1,722 SF
Lot Size0.14 Acres
Price / SF$159.64
Days on Market33
Property Features for 3909 Olive Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
B01
Subdivision
Woodson Hills
Elementary school district
Bryan
Middle school district
Bryan
High school district
Bryan
Directions
From Welborn Rd turn East on Old College Rd, turn left on Olive St Go to second block of Olive, brick Duplex on right.
Standard status
Active
APN
3909 Olive B01
Size
1,722 SF
Lot size
0.14 Acres
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Amenities
washer/dryer connections
covered back patios
private backyard areas
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Shingle, Composition
Listing Agency:
RE/MAX 2020 · RE/MAX International
(979) 383-2020
Listed By:
Chelsie Breaux · License #544295
(979) 255-8637
Added: Jul 28
Changed: Aug 19
Last Checked: Aug 29 at 4:06AM
MLS# 26009604
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 two residential units within a 1,722-square-foot property built in 1976. Each side includes washer and dryer connections, a covered back patio, and its own spacious backyard area. Vinyl flooring, central air conditioning, electric heating, and composition shingle roofing are among the property’s existing features. Both HVAC systems and water heaters have been replaced in recent years, while plumbing was replaced throughout both units in April 2026. One residence also received fresh interior paint.
The two units are currently leased. One tenancy is month-to-month, while the other extends through April 2027, creating a mix of near-term flexibility and longer lease coverage. The property occupies 0.1377 acres in Bryan, Texas, and carries B01 zoning.
The two units are currently leased. One tenancy is month-to-month, while the other extends through April 2027, creating a mix of near-term flexibility and longer lease coverage. The property occupies 0.1377 acres in Bryan, Texas, and carries B01 zoning.
Key Highlights
- Two‑unit duplex totaling 1,722 square feet
- Built in 1976 on a 0.1377‑acre lot
- Full plumbing replacement completed in April 2026
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
$18,512
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
6.73%
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%
$370,240
$370.2K
Cap Rate 7%
$264,457
$264.5K
Cap Rate 9%
$205,689
$205.7K
Market Conditions
NOI Build-Up for 1,722 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
$27.9K $16.20/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$26.4K $15.36/SF
− OpEx
−$7.9K −$4.61/SF
NOI
$18.5K $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%
$370,240
Cap Rate 7%
$264,457
Cap Rate 9%
$205,689
Alternative Uses
Best Use
Multifamily LT 5
$264.5K
$231.4K – $308.5K
NOI $18,512 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$236.0K
$206.5K – $275.3K
NOI $16,519 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$424.0K
$371.0K – $494.7K
NOI $29,682 @ 7.0% cap · market cap 10.80%
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
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 77801, TX
15,097
Population
7,221
Households
2.1
Avg Household Size
27
Median Age
23%
College-Educated
81%
High-School Grad
3.1 sq mi
ZIP Area
4,870
Density / Sq Mi
$35,575
Median Household Income
$24,587
Median Earnings
$998
Median Rent
$172,200
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?
Duplex - Two leased residences offer separate outdoor areas, laundry hookups, covered patios, and updated major systems.
Where is this duplex located?
The property is located at 3909 Olive Street Bryan, TX.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,722 square feet; Built in 1976 on a 0.1377‑acre lot; Full plumbing replacement completed in April 2026
