Fourplex with In-Unit Washer/Dryer
For Sale
$337,500
2815 Cypress Bend Circle, Bryan, TX 77801
MULTI_FAMILY - Bryan, TX
Property Size3,156 SF
Lot Size0.26 Acres
Price / SF$106.94
Days on Market348
Property Features for 2815 Cypress Bend Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B09
Subdivision
Cedar Ridge
Elementary school district
Bryan
Middle school district
Bryan
High school district
Bryan
Directions
Heading NW on Finfeather, turn left onto Peppertree then left again on Cypress Bend. 2808 is on the right. 2815 is at the end of the cul-de-sac.
Standard status
Active
APN
2815 Cypress Bend B09
Size
3,156 SF
Lot size
0.26 Acres
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
washer and dryer connections
Building Details
Year built
1979
Floors in Building
1
Number of units
4
Flooring type
Tile, Vinyl, Carpet
Roof type
Composition, Shingle
Listing Agency:
Walsh &Mangan Premier RE Group
(979) 690-9977
Listed By:
Allison Bauerschlag · License #0677022
(979) 690-9977
Added: Sep 16, 2025
Changed: Aug 7
Last Checked: Aug 29 at 7:06PM
MLS# 25009917
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.
Fourplex for sale on a 0.261-acre lot, built in 1979. The property is currently configured as a four-unit building with only one unit vacant; that unit has been made ready/updated and is listed for lease. Washer and dryer connections are available in-unit, supporting in-home laundry convenience. Interiors include a mix of vinyl, carpet, and tile flooring.
The home features central air and electric cooling, along with electric heating and central heating. The roof is described as shingle/composition. The owner maintains the lawn.
Zoned B09, this fourplex offers an investor-focused setup with tenant-ready updates to the currently vacant unit and straightforward day-to-day maintenance through owner lawn care.
The home features central air and electric cooling, along with electric heating and central heating. The roof is described as shingle/composition. The owner maintains the lawn.
Zoned B09, this fourplex offers an investor-focused setup with tenant-ready updates to the currently vacant unit and straightforward day-to-day maintenance through owner lawn care.
Key Highlights
- 0.261‑acre lot with fourplex configuration
- Only one unit currently vacant; updated and listed for lease
- In‑unit washer and dryer connections
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
$30,276
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
8.97%
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%
$605,520
$605.5K
Cap Rate 7%
$432,514
$432.5K
Cap Rate 9%
$336,400
$336.4K
Market Conditions
NOI Build-Up for 3,156 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
$57.9K $18.36/SF
− Vacancy
−$2.9K −$0.92/SF
EGI
$55.0K $17.44/SF
− OpEx
−$24.8K −$7.85/SF
NOI
$30.3K $9.59/SF
Area
Brazos County, TX
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
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%
$605,520
Cap Rate 7%
$432,514
Cap Rate 9%
$336,400
Alternative Uses
Best Use
Multifamily LT 5
$484.7K
$424.1K – $565.5K
NOI $33,928 @ 7.0% cap · market cap 10.05%
Second Best
Apartment 5plus
$432.5K
$378.5K – $504.6K
NOI $30,276 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$777.1K
$680.0K – $906.7K
NOI $54,399 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 77801, TX
15,097
Population
7,221
Households
2.1
Avg Household Size
27
Median Age
23%
College-Educated
81%
High-School Grad
3.1 sq mi
ZIP Area
4,870
Density / Sq Mi
$35,575
Median Household Income
$24,587
Median Earnings
$998
Median Rent
$172,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex built in 1979 with in-unit washer/dryer connections, central heating and cooling, and B09 zoning.
Where is this quadplex located?
The property is located at 2815 Cypress Bend Circle Bryan, TX.
What is the asking price?
The asking price for this property is $337,500.
What are key features of this property?
This property features: 0.261‑acre lot with fourplex configuration; Only one unit currently vacant; updated and listed for lease; In‑unit washer and dryer connections
