Duplex with Updated
New
For Sale
$270,000
1919 Pine Tree Drive, Bryan, TX 77802
Multi-Family, Bryan, TX
Property Size2,016 SF
Lot Size0.16 Acres
Price / SF$133.93
Days on Market6
Property Features for 1919 Pine Tree Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
B03
Parking
4
Subdivision
Greenfld Plaza-Pinetree
Elementary school district
Bryan
Middle school district
Bryan
High school district
Bryan
Directions
Take Hwy 6 North to Briarcrest Dr then take Briarcrest west to 29th Street take a left on 29th then a left on Barak then a right on Greenfield Plaza then a left on Kazmeier Plaza follow that to Pine Tree and the Duplex will be on your left.
Standard status
Active
APN
1919 Pine Tree B03
Size
2,016 SF
Lot size
0.16 Acres
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1976
Number of units
2
Flooring type
Laminate, Carpet
Roof type
Shingle
Listing Agency:
Keller Williams Realty Brazos Valley office
(979) 693-9100
Listed By:
Anthony Gutierrez · License #0701507
(979) 676-6169
Added: Sep 13
Last Checked: Sep 18 at 4:06AM
MLS# 26010830
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 2,016 square feet across two separate residences. The unit layouts include one two-bedroom, two-bath configuration and one two-bedroom, one-and-a-half-bath configuration. One residence has been updated, while the other has an established long-term occupant. Laminate and carpet flooring, electric heating, central heat, electric cooling, and central air are reported. A shingle roof was installed in 2024, and the property was built in 1976.
Located at 1919 Pine Tree Drive in Bryan, the property is near Bryan High School, shopping, hospitals, dining, and other daily services. The site carries B03 zoning and includes 0.1597 acres.
Located at 1919 Pine Tree Drive in Bryan, the property is near Bryan High School, shopping, hospitals, dining, and other daily services. The site carries B03 zoning and includes 0.1597 acres.
Key Highlights
- 2,016 square feet across two residential units
- Unit mix includes two bedrooms and two baths, plus two bedrooms and 1.5 baths
- One unit has been updated; the other has a long‑term tenant
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
$21,673
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
8.03%
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%
$433,460
$433.5K
Cap Rate 7%
$309,614
$309.6K
Cap Rate 9%
$240,811
$240.8K
Market Conditions
NOI Build-Up for 2,016 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
$32.7K $16.20/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$31.0K $15.36/SF
− OpEx
−$9.3K −$4.61/SF
NOI
$21.7K $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 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%
$433,460
Cap Rate 7%
$309,614
Cap Rate 9%
$240,811
Alternative Uses
Best Use
Multifamily LT 5
$309.6K
$270.9K – $361.2K
NOI $21,673 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$276.3K
$241.8K – $322.3K
NOI $19,340 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$496.4K
$434.4K – $579.2K
NOI $34,749 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
Explore this area
Business Placement
Demographics for 77802, TX
25,502
Population
12,189
Households
2.1
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,218
Density / Sq Mi
$68,132
Median Household Income
$43,920
Median Earnings
$1,272
Median Rent
$237,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 one updated residence and central heating and cooling.
Where is this duplex located?
The property is located at 1919 Pine Tree Drive Bryan, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 2,016 square feet across two residential units; Unit mix includes two bedrooms and two baths, plus two bedrooms and 1.5 baths; One unit has been updated; the other has a long‑term tenant
