4-Unit Duplex
1229 1231 1233 1235 Oney Hervey Drive, College Station, TX 77840
For Sale
$999,000
ResidentialIncome, College Station, TX
Property Size5,828 SF
Lot Size0.17 Acres
Price / SF$171.41
Days on Market70
Property Features for 1229 1231 1233 1235 Oney Hervey Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Interior features
Fencing
Appliances
Subdivision
Middle school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Walsh &Mangan Premier RE Group
(979) 690-9977
Listed By:
Allison Bauerschlag · License TX #0677022
(832) 423-0609
Added: Sep 4
Changed: Nov 9
Last Checked: Nov 12 at 7:06PM
MLS# 26010907
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.
Two duplex buildings provide four residential units on a 0.1736-acre parcel. The property contains 5,828 square feet and was built in 2000. Interior features include kitchen islands and dry bars, with appliances including dishwashers, refrigerators, washers, and dryers. Brick and Hardiplank-type materials are noted in the construction details, along with privacy fencing.
The property is approximately 5 miles from Kyle Field and Texas A&M University. Shopping, dining, and major thoroughfares are also identified in the surrounding area. All four units are leased through July 2027.
The property is approximately 5 miles from Kyle Field and Texas A&M University. Shopping, dining, and major thoroughfares are also identified in the surrounding area. All four units are leased through July 2027.
Key Highlights
- Two duplex buildings with four residential units
- 5,828 square feet on 0.1736 acres
- All four units leased through July 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,909
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,180
$1.1M
Cap Rate 7%
$798,700
$798.7K
Cap Rate 9%
$621,211
$621.2K
Market Conditions
NOI Build-Up for 5,828 SF
Gross rent
$107.0K $18.36/SF
− Vacancy
−$5.4K −$0.92/SF
EGI
$101.7K $17.44/SF
− OpEx
−$45.7K −$7.85/SF
NOI
$55.9K $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%
$1,118,180
Cap Rate 7%
$798,700
Cap Rate 9%
$621,211
Alternative Uses
Best Use
Apartment 5plus
$798.7K
$698.9K – $931.8K
NOI $55,909 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.67M
NOI $100,456 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
262
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 - All four residences are leased through July 2027.
Where is this multifamily property located?
The property is located at 1229 1231 1233 1235 Oney Hervey Drive College Station, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two duplex buildings with four residential units; 5,828 square feet on 0.1736 acres; All four units leased through July 2027
