Tile-Floor
For Sale
$279,000
1424 Hawk Tree Drive, College Station, TX 77845
Multi-Family, College Station, TX
Property Size1,810 SF
Lot Size0.16 Acres
Price / SF$154.14
Days on Market246
Property Features for 1424 Hawk Tree Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C15
Subdivision
Southwood Valley
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
Turn left onto Earl Rudder Fwy/Texas 6 Frontage Rd S, Continue to follow Texas 6 Frontage Rd S Turn right onto Mile Dr Turn right onto Texas Ave S Turn left onto Brothers Blvd Turn right onto Hawk Tree Dr Destination will be on the left
Standard status
Active
APN
1424 Hawk Tree C15
Size
1,810 SF
Lot size
0.16 Acres
Utilities
Heating system
Central, Electric (Heating)
Building Details
Year built
1976
Number of units
2
Listing Agency:
Aggieland Apartment Finders
(979) 693-4900
Listed By:
Jeremey Green
(979) 571-7276
Added: Jan 30
Changed: Sep 17
Last Checked: Oct 3 at 3:06AM
MLS# 26001125
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 contains 1,810 square feet on a 0.1636-acre lot and was built in 1976. Tile flooring extends throughout the property, while each kitchen includes an electric range, refrigerator, dishwasher, and disposal. Washer-dryer connections are also provided, and the property accommodates pets.
The property is located at 1424 Hawk Tree Drive in College Station, Texas, within one mile of shopping and restaurants. C15 zoning applies to the site. Central electric heating serves the duplex.
The property is located at 1424 Hawk Tree Drive in College Station, Texas, within one mile of shopping and restaurants. C15 zoning applies to the site. Central electric heating serves the duplex.
Key Highlights
- Duplex with 1,810 square feet of building area
- 0.1636‑acre lot with C15 zoning
- Built in 1976
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
$19,458
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
6.97%
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%
$389,160
$389.2K
Cap Rate 7%
$277,971
$278.0K
Cap Rate 9%
$216,200
$216.2K
Market Conditions
NOI Build-Up for 1,810 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
$29.3K $16.20/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$27.8K $15.36/SF
− OpEx
−$8.3K −$4.61/SF
NOI
$19.5K $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%
$389,160
Cap Rate 7%
$277,971
Cap Rate 9%
$216,200
Alternative Uses
Best Use
Multifamily LT 5
$278.0K
$243.2K – $324.3K
NOI $19,458 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$248.1K
$217.1K – $289.4K
NOI $17,364 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$445.7K
$390.0K – $520.0K
NOI $31,199 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 77845, TX
70,108
Population
31,464
Households
2.2
Avg Household Size
30
Median Age
61%
College-Educated
96%
High-School Grad
142.5 sq mi
ZIP Area
492
Density / Sq Mi
$90,434
Median Household Income
$46,532
Median Earnings
$1,384
Median Rent
$349,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-unit property with electric appliances, washer-dryer connections, and pet-friendly accommodations.
Where is this duplex located?
The property is located at 1424 Hawk Tree Drive College Station, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Duplex with 1,810 square feet of building area; 0.1636‑acre lot with C15 zoning; Built in 1976
