Brick Duplex Near Texas
For Sale
$305,000
1200-1202 Georgia Street, College Station, TX 77840
Brick duplex with access to the A&M Shuttle Bus Route and proximity to Texas A&M and Kyle Field.
Property Size1,682 SF
Price / SF$181.33
Days on Market12
Property Features for 1200-1202 Georgia Street
General Information
Standard status
Active
Size
1,682 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,204
Amenities
Carpet,Laminate,Tile
Yes
2
4
Washer Hookup,Dryer Hookup
Appraiser
Partial
6199
Two
Paved
1682
Building Details
Building Size
1,682 SF
Year Built
1976
Stories
1
Construction
brick
Listing Agency:
K. Hovnanian Homes
(713) 443-2729
Listed By:
Rose Gibson
(713) 443-2729
Source:
Garygreene
Added: Jul 29
Changed: Aug 8
Last Checked: Aug 8 at 3:54AM
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 K. Hovnanian Homes
Investment Insights
Based on property information with market context.
This two-unit residential income property contains 1,682 square feet and was built in 1976. The brick construction is complemented by carpet, laminate, and tile flooring, with washer and dryer hookups provided in the units.
The property is located at 1200-1202 Georgia Street in College Station, with Georgia Street served by the A&M Shuttle Bus Route. Texas A&M and Kyle Field are nearby, providing convenient access to the university campus and stadium. Two additional properties on the same street are also available.
The property is located at 1200-1202 Georgia Street in College Station, with Georgia Street served by the A&M Shuttle Bus Route. Texas A&M and Kyle Field are nearby, providing convenient access to the university campus and stadium. Two additional properties on the same street are also available.
Key Highlights
- Duplex with 1,682 square feet
- Built in 1976
- Brick construction
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
$18,082
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
5.93%
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%
$361,640
$361.6K
Cap Rate 7%
$258,314
$258.3K
Cap Rate 9%
$200,911
$200.9K
Market Conditions
NOI Build-Up for 1,682 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
$27.2K $16.20/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$25.8K $15.36/SF
− OpEx
−$7.7K −$4.61/SF
NOI
$18.1K $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%
$361,640
Cap Rate 7%
$258,314
Cap Rate 9%
$200,911
Alternative Uses
Best Use
Multifamily LT 5
$258.3K
$226.0K – $301.4K
NOI $18,082 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$230.5K
$201.7K – $268.9K
NOI $16,136 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$414.2K
$362.4K – $483.2K
NOI $28,992 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
269
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
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 - Brick duplex with access to the A&M Shuttle Bus Route and proximity to Texas A&M and Kyle Field.
Where is this duplex located?
The property is located at 1200-1202 Georgia Street College Station, TX.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Duplex with 1,682 square feet; Built in 1976; Brick construction
