3-Residence Multifamily
103 Sterling Street, College Station, TX 77840
For Sale
$1,977,000
Multi-Family, College Station, TX
Property Size7,542 SF
Lot Size0.45 Acres
Price / SF$262.13
Days on Market47
Property Features for 103 Sterling Street
General Information
Property type
Property subtype
Zoning
Parking
Patio and Porch features
Exterior features
Fencing
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Amenities
on-site parking
fenced backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Listing Agency:
RE/MAX 2020 · RE/MAX International
(979) 383-2020
Listed By:
Chad Hovde
(979) 450-4347
Added: Sep 24
Changed: Oct 27
Last Checked: Nov 9 at 12:06PM
MLS# 26011657
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.
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Investment Insights
Based on property information with market context.
This College Station multifamily property comprises three purpose-built shared-housing residences completed in 2022. Each has five bedrooms, five full bathrooms and one half bath, with an open first-floor plan, a large living area and a kitchen island. Private en-suite bathrooms and walk-in closets serve the bedrooms. The property also includes covered patio space, a fenced backyard and on-site parking. Total building area is 7,542 square feet on 0.453 acres, and the zoning designation is C05.
The residences are less than one mile from Texas A&M University. H-E-B, Target and Starbucks are described as within walking distance. The current leases run through July 2027.
The residences are less than one mile from Texas A&M University. H-E-B, Target and Starbucks are described as within walking distance. The current leases run through July 2027.
Key Highlights
- Three residences totaling 7,542 square feet on 0.453 acres
- Each residence has 5 bedrooms, 5 full baths and 1 half bath
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,351
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,447,020
$1.4M
Cap Rate 7%
$1,033,586
$1.0M
Cap Rate 9%
$803,900
$803.9K
Market Conditions
NOI Build-Up for 7,542 SF
Gross rent
$138.5K $18.36/SF
− Vacancy
−$6.9K −$0.92/SF
EGI
$131.5K $17.44/SF
− OpEx
−$59.2K −$7.85/SF
NOI
$72.4K $9.59/SF
Area
College Station, TX
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,447,020
Cap Rate 7%
$1,033,586
Cap Rate 9%
$803,900
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$904.4K – $1.21M
NOI $72,351 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,000 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
Explore this area
Business Placement
Demographics for 77840, TX
55,180
Population
25,423
Households
2.2
Avg Household Size
25
Median Age
46%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$31,278
Median Household Income
$14,521
Median Earnings
$1,085
Median Rent
$241,000
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in College Station, TX
Properties on Market for Multifamily properties in College Station
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence pairs five private bedroom suites with open-concept living space and a central kitchen island.
Where is this multifamily property located?
The property is located at 103 Sterling Street College Station, TX.
What is the asking price?
The asking price for this property is $1,977,000.
What are key features of this property?
This property features: Three residences totaling 7,542 square feet on 0.453 acres; Each residence has 5 bedrooms, 5 full baths and 1 half bath; Built in 2022
