Four-Unit Multifamily
For Sale
$445,000
2402 Bosque Drive, College Station, TX 77845
Multi-Family, College Station, TX
Property Size3,670 SF
Lot Size0.23 Acres
Price / SF$121.25
Days on Market149
Property Features for 2402 Bosque Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
C10
Parking
8
Patio and Porch features
Deck
Exterior features
Covered Deck, Deck
Subdivision
Southwood Valley
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
Take Harvey Mitchell Pkwy to Left on Rio Grande, Right on Balcones, Left on Bosque. Property is on the Left.
Standard status
Active
APN
2402 Bosque C10
Size
3,670 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1980
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl, Laminate
Roof type
Composition, Shingle
Listing Agency:
Longitude Real Estate
(979) 431-5005
Listed By:
Gordon Pate · License #0321188
(979) 777-4081
Added: Apr 29
Changed: Sep 15
Last Checked: Sep 24 at 1:06PM
MLS# 26005109
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 3,670-square-foot quadplex contains four two-bedroom, one-and-a-half-bath units and was built in 1980. The property sits on 0.2296 acres and includes rear parking, covered deck and deck features, laminate, carpet, and vinyl flooring, plus central heating and cooling. Natural gas heating and electric cooling serve the building, which has a shingle and composition roof.
Zoned C10, the property is in College Station’s Southwood Valley area with access to a Texas A&M bus route. Texas A&M is less than 3 miles away, while shopping, restaurants, hospitals, and parks are within minutes. The property is fully leased, with 100% occupancy, and has no HOA.
Zoned C10, the property is in College Station’s Southwood Valley area with access to a Texas A&M bus route. Texas A&M is less than 3 miles away, while shopping, restaurants, hospitals, and parks are within minutes. The property is fully leased, with 100% occupancy, and has no HOA.
Key Highlights
- Four‑unit quadplex with four two‑bedroom, one‑and‑a‑half‑bath units
- 3,670 square feet on a 0.2296‑acre lot
- 100% occupancy with all units fully leased
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
$39,454
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
8.87%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
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
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?
Quadplex - Fully leased four-unit property with rear resident parking and no HOA.
Where is this quadplex located?
The property is located at 2402 Bosque Drive 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 quadplex with four two‑bedroom, one‑and‑a‑half‑bath units; 3,670 square feet on a 0.2296‑acre lot; 100% occupancy with all units fully leased
