401 Park Road, College Station, TX 77840
MULTI_FAMILY - College Station, TX
- Added:
- Feb 25, 2026
- Days on Market:
- 124
- Last Refresh:
- Jun 29 at 8:06 am
Property Features for 401 Park Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C03
- Parking
- 6
- Standard status
- Active
- APN
- 401 Park C03
- Size
- 2,320 SF
- Lot size
- 0.15 Acres
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1994
- Number of units
- 2
Listing agent Sarah Mengers License #0678340 (979) 690-9977
Listing office Walsh &Mangan Premier RE Group 1645 Greens Prairie Rd Ste 404, College Station, TX (979) 690-9977
Listing date Feb 25, 2026
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.
HighLights
- Duplex built in 1994 with a 1st- and 2nd‑floor unit layout
- Each unit offers 3 bedrooms and 2 bathrooms
- Ground‑floor unit has been recently updated and is leased until June 2027
- Dedicated kitchen includes new appliances and laundry connections
- Sliding doors provide natural light and there is a spacious living room
- Located on a dead‑end street next door to a park with walking trails, ponds, a playground, and a gazebo
Overview
The property is located on a dead-end street and sits next door to a park with walking trails, ponds, a playground, and a gazebo, offering outdoor space immediately adjacent to the homes. The location is just off University Drive, placing residents within walking distance of multiple restaurants and three different TAMU bus stops.
For tenants or buyers seeking a duplex setup, the unit mix provides consistent 3BR/2BA functionality across floors, while the updated downstairs unit may appeal to residents prioritizing modern finishes and convenient in-unit laundry. Zoning is listed as C03, supporting residential income use for this configuration. The photos currently reflect Unit A (downstairs) when it was vacant.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.6k | $16.20 |
| − Vacancy | −$2.0k | −$0.84 |
| EGI | $35.6k | $15.36 |
| − OpEx | −$10.7k | −$4.61 |
| NOI | $24.9k | $10.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- College Station
- County
- Brazos
- State
- Texas
- Longitude
- -96.322038
- Latitude
- 30.640373
