Duplex Residential Income
1523 Pine Ridge Drive College Station, TX 77840
New
1523 Pine Ridge Drive, College Station, TX, 77840
$264,900
For Sale
$264,900
MULTI_FAMILY - College Station, TX
Property Size1,623 SF
Lot Size0.16 Acres
Price / SF$163.22
Days on Market2
Property Features for 1523 Pine Ridge Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- C06
- Parking
- 4
- Patio and Porch features
- Patio
- Exterior features
- Patio
- Standard status
- Active
- APN
- 1523 Pine Ridge C06
- Size
- 1,623 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl, Carpet, Tile
- Roof type
- Shingle, Composition
Listing agency
Keller Williams Realty Brazos Valley office
(979) 693-9100
Listed by
Bradley Corrier
(979) 693-9100
Added: Jul 22 Checked: Jul 23 at 12:06AM
MLS# 26009354
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 includes two-bedroom, one-bath units and is described as being in good overall condition. The units are currently fully leased, providing ongoing cash flow per the seller’s remarks.
The property is located in College Station, Texas, at 1523 Pine Ridge Drive, and the listing notes proximity to a TAMU shuttle bus stop and a short bike ride to campus. It is also described as near retail, restaurants, and parks.
Zoning is listed as C06, and the remarks state the area has been re-zoned to higher density development, supporting potential redevelopment into a fourplex with additional bedrooms. Lot size is listed at 0.1584 acres and total property size is listed as 1,623 square feet.
The property is located in College Station, Texas, at 1523 Pine Ridge Drive, and the listing notes proximity to a TAMU shuttle bus stop and a short bike ride to campus. It is also described as near retail, restaurants, and parks.
Zoning is listed as C06, and the remarks state the area has been re-zoned to higher density development, supporting potential redevelopment into a fourplex with additional bedrooms. Lot size is listed at 0.1584 acres and total property size is listed as 1,623 square feet.
Key Highlights
- Duplex built in 1978 with central heating and central air conditioning
- 2 bedroom, 1 bath units are fully leased for immediate cash flow
- Patio included; exterior features include a patio
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 | $26.3k | $16.20 |
| − Vacancy | −$1.4k | −$0.84 |
| EGI | $24.9k | $15.36 |
| − OpEx | −$7.5k | −$4.61 |
| NOI | $17.4k | $10.75 |
1,623 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$249.3K
$218.1K – $290.8K
NOI $17,448 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$222.4K
$194.6K – $259.5K
NOI $15,570 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$399.6K
$349.7K – $466.3K
NOI $27,975 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two-bedroom, one-bath units, fully leased and described as in good overall condition.
Where is this duplex located?
The property is located at 1523 Pine Ridge Drive College Station, TX.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Duplex built in 1978 with central heating and central air conditioning; 2 bedroom, 1 bath units are fully leased for immediate cash flow; Patio included; exterior features include a patio
