Fourplex with Private Outdoor
For Sale
$439,900
306 Manuel Drive A-d, College Station, TX 77840
Four-unit residential income property with varied floor plans, dedicated laundry rooms, and select private yards and decks.
Property Size3,026 SF
Price / SF$145.37
Days on Market90
Property Features for 306 Manuel Drive A-d
General Information
Standard status
Active
Size
3,026 SF
Property subtype
Multi-Family
Building Details
Year Built
1981
Listing Agency:
TNT Properties Real Estate
Listed By:
Sarah Dwyer
(979) 353-2567
Source:
Doorstephomegroup
Added: Jul 21
Changed: Sep 2
Last Checked: Sep 29 at 10:36AM
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 TNT Properties Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fourplex contains 3,026 square feet and was built in 1981. The unit mix includes two 2-bedroom/1-bathroom residences and two 1-bedroom/1-bathroom residences. Downstairs units provide fenced private yards and decks, while vinyl wood flooring serves the main living areas. Each residence includes its own laundry room, and select kitchens and bathrooms feature granite and tile countertops.
The property is located at 306 Manuel Drive in College Station, near Wolf Pen Creek Amphitheater, parks, dining, and entertainment venues. Its four-unit configuration and varied layouts provide a clear residential income property format in an established College Station setting.
The property is located at 306 Manuel Drive in College Station, near Wolf Pen Creek Amphitheater, parks, dining, and entertainment venues. Its four-unit configuration and varied layouts provide a clear residential income property format in an established College Station setting.
Key Highlights
- Fourplex with two 2‑bedroom/1‑bathroom units and two 1‑bedroom/1‑bathroom units
- 3,026 square feet; built in 1981
- Downstairs units include private fenced yards and outdoor decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,530
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,600
$650.6K
Cap Rate 7%
$464,714
$464.7K
Cap Rate 9%
$361,444
$361.4K
Market Conditions
NOI Build-Up for 3,026 SF
Gross rent
$49.0K $16.20/SF
− Vacancy
−$2.5K −$0.84/SF
EGI
$46.5K $15.36/SF
− OpEx
−$13.9K −$4.61/SF
NOI
$32.5K $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%
$650,600
Cap Rate 7%
$464,714
Cap Rate 9%
$361,444
Alternative Uses
Best Use
Multifamily LT 5
$464.7K
$406.6K – $542.2K
NOI $32,530 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$414.7K
$362.9K – $483.8K
NOI $29,029 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$745.1K
$652.0K – $869.3K
NOI $52,159 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
967
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with varied floor plans, dedicated laundry rooms, and select private yards and decks.
Where is this quadplex located?
The property is located at 306 Manuel Drive A-d College Station, TX.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Fourplex with two 2‑bedroom/1‑bathroom units and two 1‑bedroom/1‑bathroom units; 3,026 square feet; built in 1981; Downstairs units include private fenced yards and outdoor decks
