4-Unit Residential
For Sale
$429,900
1803 Potomac Place A-d, College Station, TX 77840
Two unit layouts serve a fully occupied residential income property near the TAMU bus route.
Property Size3,454 SF
Price / SF$124.46
Days on Market28
Property Features for 1803 Potomac Place A-d
General Information
Standard status
Active
Size
3,454 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1976
Listing Agency:
Brookhaven Realty
(979) 575-7559
Listed By:
Josh Jenkins · License #0685884
Source:
Doorstephomegroup
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 29 at 11:33AM
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 Brookhaven Realty
Investment Insights
Based on property information with market context.
This four-unit residential property, built in 1976, offers two distinct configurations across the building. Two residences contain 2 bedrooms and 1 bathroom each, while the remaining two provide 1 bedroom and 1 bathroom each. All four units are currently occupied, supporting an established income-producing configuration.
The property is positioned just off Southwest Parkway in College Station and is served by the TAMU bus route. Its four-unit layout and mix of one- and two-bedroom residences provide a clearly defined residential format for ownership or continued leasing.
The property is positioned just off Southwest Parkway in College Station and is served by the TAMU bus route. Its four-unit layout and mix of one- and two-bedroom residences provide a clearly defined residential format for ownership or continued leasing.
Key Highlights
- Four‑unit quadplex with all units occupied
- Unit mix includes two 2‑bedroom, 1‑bath residences and two 1‑bedroom, 1‑bath residences
- 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
$37,132
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
8.64%
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%
$742,640
$742.6K
Cap Rate 7%
$530,457
$530.5K
Cap Rate 9%
$412,578
$412.6K
Market Conditions
NOI Build-Up for 3,454 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
$56.0K $16.20/SF
− Vacancy
−$2.9K −$0.84/SF
EGI
$53.0K $15.36/SF
− OpEx
−$15.9K −$4.61/SF
NOI
$37.1K $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%
$742,640
Cap Rate 7%
$530,457
Cap Rate 9%
$412,578
Alternative Uses
Best Use
Multifamily LT 5
$530.5K
$464.2K – $618.9K
NOI $37,132 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$473.4K
$414.2K – $552.3K
NOI $33,135 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$850.5K
$744.2K – $992.3K
NOI $59,536 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
789
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?
Quadplex - Two unit layouts serve a fully occupied residential income property near the TAMU bus route.
Where is this quadplex located?
The property is located at 1803 Potomac Place A-d College Station, TX.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Four‑unit quadplex with all units occupied; Unit mix includes two 2‑bedroom, 1‑bath residences and two 1‑bedroom, 1‑bath residences; Built in 1976
