Five-Bedroom Duplex Near Texas
For Sale
$975,000
304 Cooner St, College Station, TX 77840
Fully leased duplex with granite finishes, stainless steel appliances, and private outdoor areas.
Property Size3,696 SF
Price / SF$263.80
Days on Market14
Property Features for 304 Cooner St
General Information
Standard status
Active
Size
3,696 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 5BR/5BA
Multifamily Units
2
Amenities
private balcony
fenced backyard
granite countertops
stainless steel appliances
refrigerator
washer
dryer
Building Details
Year Built
2016
Buildings
1
Listing Agency:
CENTURY 21 Integra
(979) 777-1116
Listed By:
Jamie Prejean · License #0653743
Source:
Doorstephomegroup
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 6:50PM
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 CENTURY 21 Integra
Investment Insights
Based on property information with market context.
Built in 2016, this 3696-square-foot duplex contains two residential units, each arranged with five bedrooms and five bathrooms. Both sides feature an open connection between the living, dining, and kitchen areas, along with granite countertops, stainless steel appliances, and abundant cabinet storage. Refrigerators, washers, and dryers are included in each unit. Private balconies and fenced backyards extend the usable areas beyond the interiors.
The property is located at 304 Cooner St in College Station, less than five minutes from Texas A&M University. Shopping, dining, entertainment, and everyday conveniences are also nearby. The duplex is fully leased, and the property information identifies student renters as its tenant base.
The property is located at 304 Cooner St in College Station, less than five minutes from Texas A&M University. Shopping, dining, entertainment, and everyday conveniences are also nearby. The duplex is fully leased, and the property information identifies student renters as its tenant base.
Key Highlights
- Two‑unit duplex with 3696 square feet of total property size
- Each unit includes 5 bedrooms and 5 bathrooms
- Fully leased property less than five minutes from Texas A&M University
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
$39,733
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
4.08%
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%
$794,660
$794.7K
Cap Rate 7%
$567,614
$567.6K
Cap Rate 9%
$441,478
$441.5K
Market Conditions
NOI Build-Up for 3,696 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
$59.9K $16.20/SF
− Vacancy
−$3.1K −$0.84/SF
EGI
$56.8K $15.36/SF
− OpEx
−$17.0K −$4.61/SF
NOI
$39.7K $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%
$794,660
Cap Rate 7%
$567,614
Cap Rate 9%
$441,478
Alternative Uses
Best Use
Multifamily LT 5
$567.6K
$496.7K – $662.2K
NOI $39,733 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$506.5K
$443.2K – $590.9K
NOI $35,456 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$910.1K
$796.3K – $1.06M
NOI $63,707 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 77840, TX
55,180
Population
25,423
Households
2.2
Avg Household Size
25
Median Age
46%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$31,278
Median Household Income
$14,521
Median Earnings
$1,085
Median Rent
$241,000
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?
Duplex - Fully leased duplex with granite finishes, stainless steel appliances, and private outdoor areas.
Where is this duplex located?
The property is located at 304 Cooner St College Station, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑unit duplex with 3696 square feet of total property size; Each unit includes 5 bedrooms and 5 bathrooms; Fully leased property less than five minutes from Texas A&M University
