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    Multifamily Complex Near TAMU Shuttle

    903 Balcones Drive College Station, TX 77845

    Claim this Listing
    For Sale
    $2,200,000

    COMMERCIAL - College Station, TX

    Property size:
    15,360 SF
    Lot size:
    0.96 Acres
    Price / SF:
    $143.23/SF
    Added:
    Oct 12, 2025
    Days on Market:
    275
    Last Refresh:
    Jul 13 at 10:06 pm

    Property Features for 903 Balcones Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C10
    Standard status
    Active
    APN
    903 Balcones C10
    Size
    15,360 SF
    Lot size
    0.96 Acres

    Building Details

    Year built
    2014
    Flooring type
    Tile, Carpet
    Roof type
    Composition, Shingle

    Listing agent Linda Praytor License #0310815

    Listing office Town & Country Realty 7005 Rock Prairie Rd, College Station, TX

    Listing date Oct 12, 2025

    MLS# 25010341

    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 well-maintained 12-unit multifamily complex is located just off the TAMU Shuttle Route, offering proximity to campus, shopping, and dining. Each unit features 1,200 sq. ft. layouts. The property includes an on-site office, suitable for management or conversion to an additional income-producing unit. Currently at 100% occupancy, the units rent for $1,200 per month, resulting in a gross annual income of $163,800.00. The property benefits from a history of reliable, long-term tenants. Situated in College Station, Texas, the property is positioned within a stable rental market driven by TAMU student demand and workforce housing needs. The property, zoned C10, sits on a 0.96-acre lot. The property's size is 15,360 square feet.

    Key Highlights

    • 12‑unit multifamily property built in 2014
    • 100% occupancy with current rents of $1,200 per month
    • Gross annual income of $163,800 based on current rents

    Local Financial Insights For Apartment 5plus

    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 $282.0k $18.36
    − Vacancy −$14.1k −$0.92
    EGI $267.9k $17.44
    − OpEx −$120.6k −$7.85
    NOI $147.4k $9.59
    15,360 SF · lease $18.36/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.11M
    $1.84M – $2.46M (±1% cap)
    NOI $147,350 @ 7.0% cap · market cap 6.70%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.78M
    $3.31M – $4.41M (±1% cap)
    NOI $264,757 @ 7.0% cap · market cap 12.03%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Dental Office Hair Salon Nail Salon Parking Lot & Garage Spa & Massage Center Auto Parts Store Building Supply Restaurant Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 12-unit multifamily complex near campus.
    Where is this apartment building located?
    The property is located at 903 Balcones Drive College Station, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 12‑unit multifamily property built in 2014; 100% occupancy with current rents of $1,200 per month; Gross annual income of $163,800 based on current rents
    Contact an agent
    (979) 229-6000
    We can help!
    Contact an agent
    Linda Praytor
    Linda Praytor
    Real Estate License ID: 0310815
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