Recently Built Multifamily
For Sale
$2,025,000
103 Sterling Street, College Station, TX 77840
Completed in 2022, the property includes central air conditioning and on-site paved parking.
Property Size7,542 SF
Days on Market27
Property Features for 103 Sterling Street
General Information
Standard status
Active
Size
7,542 SF
Total Parking Spaces
15
Property subtype
Residential Income
Amenities
Central Air, Ceiling Fan(s), Electric
Central, Electric
Dishwasher, Electric Range, Refrigerator, Dryer, Electric Water Heater, Water Heater, Washer
Bar, Dry Bar, Kitchen Island
Privacy, Wood
On Site, Paved
Building Details
Building Size
7,542 SF
Year Built
2022
Listing Agency:
RE/MAX 20/20
Listed By:
Chad Hovde · License #HOVDECHA122
(979) 450-4347
Source:
Evrealestate
Added: Sep 26
Changed: Oct 21
Last Checked: Oct 20 at 8:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 20/20
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Investment Insights
Based on property information with market context.
Built in 2022, this multifamily property features central air conditioning, ceiling fans, and electric service. Interior features include a kitchen island and dry bar, along with a dishwasher, electric range, refrigerator, washer, and dryer. On-site paved parking and wood privacy fencing are also present.
Key Highlights
- Built in 2022
- Central air conditioning and ceiling fans
- Kitchen island and dry bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,351
Cap Rate
3.57%
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 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,000 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Completed in 2022, the property includes central air conditioning and on-site paved parking.
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 $2,025,000.
What are key features of this property?
This property features: Built in 2022; Central air conditioning and ceiling fans; Kitchen island and dry bar
