Fully Leased
For Sale
$445,000
2402 Bosque Drive A-d, College Station, TX 77845
Four two-bedroom units include rear parking for residents and are currently fully occupied.
Property Size3,670 SF
Price / SF$121.25
Days on Market94
Property Features for 2402 Bosque Drive A-d
General Information
Standard status
Active
Size
3,670 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1980
Listing Agency:
Longitude Real Estate
Listed By:
Gordon Pate · License #0321188
(979) 255-1227
Source:
Doorstephomegroup
Added: Jul 31
Changed: Oct 25
Last Checked: Sep 28 at 12:52PM
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 Longitude Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1980, this 3,670-square-foot fourplex contains four residential units, each configured with two bedrooms and one and a half bathrooms. The property is fully leased, with 100% occupancy, and rear parking is provided for all residents. No HOA is associated with the property.
The community is served by the Texas A&M bus route and sits less than 3 miles from Texas A&M. Shopping, restaurants, hospitals, and parks are also located within minutes of the property.
The community is served by the Texas A&M bus route and sits less than 3 miles from Texas A&M. Shopping, restaurants, hospitals, and parks are also located within minutes of the property.
Key Highlights
- Four‑unit multifamily property with 3,670 SF of building area
- Each unit includes 2 bedrooms and 1.5 bathrooms
- 100% occupancy with all four units fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,454
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,080
$789.1K
Cap Rate 7%
$563,629
$563.6K
Cap Rate 9%
$438,378
$438.4K
Market Conditions
NOI Build-Up for 3,670 SF
Gross rent
$59.5K $16.20/SF
− Vacancy
−$3.1K −$0.84/SF
EGI
$56.4K $15.36/SF
− OpEx
−$16.9K −$4.61/SF
NOI
$39.5K $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 Rate 5%
$789,080
Cap Rate 7%
$563,629
Cap Rate 9%
$438,378
Alternative Uses
Best Use
Multifamily LT 5
$563.6K
$493.2K – $657.6K
NOI $39,454 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$503.0K
$440.1K – $586.8K
NOI $35,207 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$903.7K
$790.7K – $1.05M
NOI $63,259 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
364
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units include rear parking for residents and are currently fully occupied.
Where is this quadplex located?
The property is located at 2402 Bosque Drive A-d College Station, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,670 SF of building area; Each unit includes 2 bedrooms and 1.5 bathrooms; 100% occupancy with all four units fully leased
