Duplex with Two
For Sale
$379,000
138 138-A Watson Lane, Bryan, TX 77801
Multi-Family, Bryan, TX
Property Size2,168 SF
Lot Size0.33 Acres
Price / SF$174.82
Days on Market29
Property Features for 138 138-A Watson Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B09
Parking
6
Parking features
Paved or Surfaced, Covered
Exterior features
Storage Shed
Subdivision
Hansen-Zak
Elementary school district
Bryan
Middle school district
Bryan
High school district
Bryan
Directions
From W. Villa Maria Road, turn onto S. College Avenue and in .2 miles, turn right onto Watson Lane. Property will be on the right.
Standard status
Active
APN
138, 138-A Watson B09
Size
2,168 SF
Lot size
0.33 Acres
Utilities
Heating system
Natural Gas, Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
garage
storage shed
fenced yard
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Polansky Realty
(979) 567-3508
Listed By:
Maureen Ramirez · License #0652541
(979) 446-1108
Added: Sep 9
Changed: Sep 13
Last Checked: Oct 7 at 3:06AM
MLS# 26011086
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.
Investment Insights
Based on property information with market context.
This duplex property combines two distinct residences totaling 2,168 square feet. The improvements include a 1945 frame home with 3 bedrooms and 1 bathroom, plus a separate 2021 mobile home offering 3 bedrooms and 2 bathrooms. Together, the residences provide 6 bedrooms and 3 bathrooms, with laminate flooring, central air, and natural-gas and electric heating systems.
Additional site improvements include a 21X30 two-car garage with covered parking and storage, a 12X24 storage shed, and paved or surfaced off-street parking. The rear yard is fenced, and the property is located in Bryan near Texas A&M, Rellis Campus, dining, shopping, and major thoroughfares.
Additional site improvements include a 21X30 two-car garage with covered parking and storage, a 12X24 storage shed, and paved or surfaced off-street parking. The rear yard is fenced, and the property is located in Bryan near Texas A&M, Rellis Campus, dining, shopping, and major thoroughfares.
Key Highlights
- Two separate residences with 6 bedrooms and 3 bathrooms combined
- 1945 frame home with 3 bedrooms and 1 bathroom
- 2021 mobile home with 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,307
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,140
$466.1K
Cap Rate 7%
$332,957
$333.0K
Cap Rate 9%
$258,967
$259.0K
Market Conditions
NOI Build-Up for 2,168 SF
Gross rent
$35.1K $16.20/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$33.3K $15.36/SF
− OpEx
−$10.0K −$4.61/SF
NOI
$23.3K $10.75/SF
Area
Brazos County, 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 Rate 5%
$466,140
Cap Rate 7%
$332,957
Cap Rate 9%
$258,967
Alternative Uses
Best Use
Multifamily LT 5
$333.0K
$291.3K – $388.5K
NOI $23,307 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$297.1K
$260.0K – $346.6K
NOI $20,798 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$533.8K
$467.1K – $622.8K
NOI $37,369 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 77801, TX
15,097
Population
7,221
Households
2.1
Avg Household Size
27
Median Age
23%
College-Educated
81%
High-School Grad
3.1 sq mi
ZIP Area
4,870
Density / Sq Mi
$35,575
Median Household Income
$24,587
Median Earnings
$998
Median Rent
$172,200
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 - Two separate homes share covered parking, paved off-street parking, and fenced storage improvements.
Where is this duplex located?
The property is located at 138 138-A Watson Lane Bryan, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two separate residences with 6 bedrooms and 3 bathrooms combined; 1945 frame home with 3 bedrooms and 1 bathroom; 2021 mobile home with 3 bedrooms and 2 bathrooms
