Multifamily Property with Covered
New
For Sale
$610,000
319 Manuel Drive A B C D, College Station, TX 77840
Central electric heating and air conditioning serve the property, which also has on-site covered parking.
Property Size3,536 SF
Days on Market2
Property Features for 319 Manuel Drive A B C D
General Information
Standard status
Active
Size
3,536 SF
Total Parking Spaces
15
Property subtype
Residential Income
Amenities
Central Air, Electric
Central, Electric
Electric Range, Dryer, Washer
Covered, On Site
Building Details
Building Size
3,536 SF
Year Built
1981
Listed By:
Hayley Smith-Young
(979) 324-1717
Source:
Evrealestate
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:37AM
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 Hayley Smith-Young
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property was built in 1981 and includes central electric heating and air conditioning. The listed appliances include an electric range, washer, and dryer, and the site has covered parking.
The property is on Manuel Drive, across Texas Avenue from the Target shopping center.
The property is on Manuel Drive, across Texas Avenue from the Target shopping center.
Key Highlights
- Built in 1981
- Central electric heating and air conditioning
- On‑site covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,921
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,420
$678.4K
Cap Rate 7%
$484,586
$484.6K
Cap Rate 9%
$376,900
$376.9K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$64.9K $18.36/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$61.7K $17.44/SF
− OpEx
−$27.8K −$7.85/SF
NOI
$33.9K $9.59/SF
Area
College Station, 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 Rate 5%
$678,420
Cap Rate 7%
$484,586
Cap Rate 9%
$376,900
Alternative Uses
Best Use
Apartment 5plus
$484.6K
$424.0K – $565.4K
NOI $33,921 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$870.7K
$761.9K – $1.02M
NOI $60,949 @ 7.0% cap · market cap 9.99%
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?
Multifamily property - Central electric heating and air conditioning serve the property, which also has on-site covered parking.
Where is this multifamily property located?
The property is located at 319 Manuel Drive A B C D College Station, TX.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Built in 1981; Central electric heating and air conditioning; On‑site covered parking
