Quadplex Residential Income
For Sale
$350,000
301 W 31st Street 103, Bryan, TX 77803
Four-unit residential income property available for sale at 301 W 31st Street 103 in Bryan, TX.
Property Size2,414 SF
Price / SF$144.99
Days on Market58
Property Features for 301 W 31st Street 103
General Information
Standard status
Active
Size
2,414 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$8,867
Amenities
Living Room
1
Yes
3
2
Appraiser
Other
No
Public
2300
0.0528
Attached,Garage
Slab
2414
Building Details
Building Size
2,414 SF
Year Built
2021
Stories
2
Listing Agency:
LPT Realty, LLC
(832) 646-3781
Listed By:
Wendy Saik
(832) 646-3781
Source:
Garygreene
Added: Jul 7
Changed: Aug 31
Last Checked: Sep 1 at 3:09PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This quadplex residential income property for sale consists of four units under one ownership structure. It is presented as a multifamily investment asset within the Residential income property category.
The property is located at 301 W 31st Street 103 in Bryan, Texas 77803.
Additional details about unit layout, condition, and building improvements are not provided in the available information.
The property is located at 301 W 31st Street 103 in Bryan, Texas 77803.
Additional details about unit layout, condition, and building improvements are not provided in the available information.
Key Highlights
- Four‑unit residential income property for sale at 301 W 31st Street 103 in Bryan, TX
- Built in 2021 with 2,414 total building area (per appraiser)
- 2‑bedroom, 3‑bath interior with 1 half bath; air conditioning and heating available
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
$25,951
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
7.41%
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%
$519,020
$519.0K
Cap Rate 7%
$370,729
$370.7K
Cap Rate 9%
$288,344
$288.3K
Market Conditions
NOI Build-Up for 2,414 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
$39.1K $16.20/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$37.1K $15.36/SF
− OpEx
−$11.1K −$4.61/SF
NOI
$26.0K $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%
$519,020
Cap Rate 7%
$370,729
Cap Rate 9%
$288,344
Alternative Uses
Best Use
Multifamily LT 5
$370.7K
$324.4K – $432.5K
NOI $25,951 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$330.8K
$289.5K – $386.0K
NOI $23,158 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
Explore this area
Business Placement
Demographics for 77803, TX
30,533
Population
10,586
Households
2.9
Avg Household Size
32
Median Age
11%
College-Educated
72%
High-School Grad
13.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$50,953
Median Household Income
$28,651
Median Earnings
$1,106
Median Rent
$141,000
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 - Four-unit residential income property available for sale at 301 W 31st Street 103 in Bryan, TX.
Where is this quadplex located?
The property is located at 301 W 31st Street 103 Bryan, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four‑unit residential income property for sale at 301 W 31st Street 103 in Bryan, TX; Built in 2021 with 2,414 total building area (per appraiser); 2‑bedroom, 3‑bath interior with 1 half bath; air conditioning and heating available
