Two-Bedroom
For Sale
$349,900
916-918 Sun Meadow Street, College Station, TX 77845
MULTI_FAMILY - College Station, TX
Property Size1,984 SF
Lot Size0.19 Acres
Price / SF$176.36
Days on Market22
Property Features for 916-918 Sun Meadow Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C12
Subdivision
Sun Meadows
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
Longitude -96.292900, Latitude 30.572235 - Hwy 6 to Graham Rd, Right on Shaffer, Left on Sun Meadow, property is on the left.
Standard status
Active
APN
916-918 Sun Meadow C12
Size
1,984 SF
Lot size
0.19 Acres
Taxes and HOA fees
HOA Fee
$225 Annually
Utilities
Heating system
Central, Natural Gas
Cooling system
Electric, Ceiling Fan(s), Central Air
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Roof type
Composition
Listing Agency:
Longitude Real Estate
(979) 431-5005
Listed By:
Gordon Pate · License #0321188
(979) 431-5005
Added: Jul 20
Changed: Aug 3
Last Checked: Aug 10 at 1:06AM
MLS# 26009330
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 fully leased two-bedroom duplex at 916-918 Sun Meadow Street offers an open-concept kitchen and living area with a cathedral ceiling. Kitchen and bathroom finishes include granite countertops, with tile flooring in the living area and all wet spaces and carpet in select areas. Each unit includes a refrigerator and washer/dryer connections, plus a fenced backyard.
The duplex is set on a 0.1928-acre lot with a total property size of 1,984 SF. Built in 2001, it features a composition roof described as newer. Heating is natural gas central, complemented by central air and electric cooling with ceiling fans throughout.
With close proximity to schools, hospitals, restaurants, and shopping, the property is positioned for everyday convenience while maintaining a straightforward, low-maintenance interior layout and outdoor space.
The duplex is set on a 0.1928-acre lot with a total property size of 1,984 SF. Built in 2001, it features a composition roof described as newer. Heating is natural gas central, complemented by central air and electric cooling with ceiling fans throughout.
With close proximity to schools, hospitals, restaurants, and shopping, the property is positioned for everyday convenience while maintaining a straightforward, low-maintenance interior layout and outdoor space.
Key Highlights
- 0.1928‑acre lot and 1,984 SF duplex built in 2001
- Fully leased two‑bedroom duplex with open‑concept kitchen and living area
- Granite countertops in the kitchen and bathroom
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
$21,329
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
6.10%
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%
$426,580
$426.6K
Cap Rate 7%
$304,700
$304.7K
Cap Rate 9%
$236,989
$237.0K
Market Conditions
NOI Build-Up for 1,984 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
$32.1K $16.20/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$30.5K $15.36/SF
− OpEx
−$9.1K −$4.61/SF
NOI
$21.3K $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%
$426,580
Cap Rate 7%
$304,700
Cap Rate 9%
$236,989
Alternative Uses
Best Use
Multifamily LT 5
$304.7K
$266.6K – $355.5K
NOI $21,329 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,033 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$488.5K
$427.5K – $570.0K
NOI $34,198 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 77845, TX
70,108
Population
31,464
Households
2.2
Avg Household Size
30
Median Age
61%
College-Educated
96%
High-School Grad
142.5 sq mi
ZIP Area
492
Density / Sq Mi
$90,434
Median Household Income
$46,532
Median Earnings
$1,384
Median Rent
$349,900
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-bedroom duplex with granite countertops, tile and carpet flooring, and a fenced backyard.
Where is this duplex located?
The property is located at 916-918 Sun Meadow Street College Station, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 0.1928‑acre lot and 1,984 SF duplex built in 2001; Fully leased two‑bedroom duplex with open‑concept kitchen and living area; Granite countertops in the kitchen and bathroom
