1198 Jones Butler Rd Multi, College Station, TX 77840
Two fully rented gated townhome units with HOA-paid cable, high-speed internet, and water for steady income.
- Added:
- Jun 16, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 17 at 1:47 am
Property Features for 1198 Jones Butler Rd Multi
General Information
- Standard status
- Active
- Size
- 3,616 SF
- Property subtype
- Investment
Building Details
- Year Built
- 2010
Listing agent Wendy Cline License #0561297 (281) 858-3451
Listing office Wendy Cline Properties Group (281) 858-3451
Listing date Jun 16, 2026
Source Elliman
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 Wendy Cline Properties Group
HighLights
- Two fully rented gated townhome units in Lakeridge Townhomes (unit 2708 & 203) through July 2027
- Each 4‑bedroom, 4.5‑bath unit offers 1,808 sq. ft. with a spacious first‑floor living area
- Private ensuite baths for every bedroom in each unit
- HOA dues include cable, high‑speed internet, and water
- Community amenities: resort‑style pool, hot tub, clubhouse, fitness center, movie theater, basketball court, and gated entry
- Four assigned parking spaces per unit
Overview
The community amenities support an active, resident-friendly lifestyle, with a resort-style pool, hot tub, clubhouse, fitness center, movie theater, and basketball court. The property is about one mile from Texas A&M and is served by TAMU Bus Routes #35 and #36, with a stated 10-minute bike ride to West Campus. The HOA dues cover cable, high-speed internet, and water.
Units 2708 and 203 are fully rented through July 2027, providing an investor-ready package with in-place tenants. The layout is well-suited to groups seeking private bedroom and bath arrangements, while the on-site amenities and gated access add tangible day-to-day convenience for occupants.
Local 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 | $58.6k | $16.20 |
| − Vacancy | −$3.0k | −$0.84 |
| EGI | $55.5k | $15.36 |
| − OpEx | −$16.7k | −$4.61 |
| NOI | $38.9k | $10.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- College Station
- County
- Brazos
- State
- Texas
- Longitude
- -96.32847
- Latitude
- 30.57683
