Leased Duplex and
1128-1136 Gridiron Drive College Station, TX 77845
For Sale
Contact for pricing
Package includes a two-story duplex and a two-story triplex, each fully leased through July 2027.
Property Size7,085 SF
Price / SF$164.08
Days on Market51
Property Features for 1128-1136 Gridiron Drive
General Information
- Standard status
- Active
- Size
- 7,085 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2003
Listing Agency:
Oldham Goodwin Group Bryan / College Station
(972) 387-0300
Listed By:
Clinton Oldham · License #TX555666
Source:
Crexi
Added: Jun 3
Changed: Jul 23
Last Checked: Jul 23 at 8:09AM
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 Oldham Goodwin Group Bryan / College Station
Investment Insights
Based on property information with market context.
This for-sale multifamily package includes one two-story duplex and one two-story triplex. Each unit features three bedrooms and three bathrooms, and both buildings are fully leased through July 2027.
The property is located just over half a mile from Texas A&M University, with convenient access for students by bike or scooter and service via the Texas A&M Bus Route.
The offering provides two distinct income-producing residential buildings within a single package, each configured for three-bedroom, three-bath occupancy and currently operating at stable, fully leased status through the lease end date.
The property is located just over half a mile from Texas A&M University, with convenient access for students by bike or scooter and service via the Texas A&M Bus Route.
The offering provides two distinct income-producing residential buildings within a single package, each configured for three-bedroom, three-bath occupancy and currently operating at stable, fully leased status through the lease end date.
Key Highlights
- Year built 2003
- Package includes one two‑story duplex and one two‑story triplex in College Station, TX
- Each unit features 3 bedrooms and 3 bathrooms
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 | $114.8k | $16.20 |
| − Vacancy | −$6.0k | −$0.84 |
| EGI | $108.8k | $15.36 |
| − OpEx | −$32.6k | −$4.61 |
| NOI | $76.2k | $10.75 |
7,085 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$952.1K – $1.27M
NOI $76,166 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$971.0K
$849.6K – $1.13M
NOI $67,967 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,123 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Package includes a two-story duplex and a two-story triplex, each fully leased through July 2027.
Where is this duplex located?
The property is located at 1128-1136 Gridiron Drive College Station, TX.
What is the asking price?
The asking price for this property is $1,162,500.
What are key features of this property?
This property features: Year built 2003; Package includes one two‑story duplex and one two‑story triplex in College Station, TX; Each unit features 3 bedrooms and 3 bathrooms
