Leased Duplex with Tile
For Sale
$349,900
3604-3606 Hollyhock Street, College Station, TX 77845
Multi-Family, College Station, TX
Property Size1,984 SF
Lot Size0.19 Acres
Price / SF$176.36
Days on Market51
Property Features for 3604-3606 Hollyhock Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C12
Parking
2
Fencing
Privacy
Subdivision
Sun Meadows
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
Longitude -96.295026, Latitude 30.572647 - From Hwy 6 Exit Rock Prairie Rd. Turn Right onto Graham Rd. Turn Right onto Schaffer Rd and Left onto Willow Pond and Left onto Hollyhock
Standard status
Active
APN
3604-3606 Hollyhock C12
Size
1,984 SF
Lot size
0.19 Acres
Taxes and HOA fees
HOA Fee
$225 Annually
Utilities
Heating system
Natural Gas, Electric (Heating), Central
Cooling system
Ceiling Fan(s)
Amenities
cathedral ceiling
granite countertops
tile flooring
fenced backyard
washer/dryer connections
Building Details
Year built
2002
Number of units
2
Flooring type
Tile
Roof type
Composition, Shingle
Listing Agency:
Longitude Real Estate
(979) 431-5005
Listed By:
Gordon Pate · License #0321188
(979) 255-1227
Added: Jul 20
Changed: Sep 5
Last Checked: Sep 8 at 9:06PM
MLS# 26009332
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.
This 2-bedroom duplex contains 1,984 square feet and was built in 2002. The interior pairs an open kitchen and living arrangement with a cathedral ceiling, granite countertops in the kitchen and bathroom, and tile flooring across the living area and wet spaces. A refrigerator is included, and washer/dryer connections are available. Privacy fencing encloses the backyard, while composition shingle roofing provides the roof covering.
The property is zoned C12 and sits on 0.1863 acres. Natural gas, electric, and central heating are listed, with ceiling fans identified for cooling. Schools, hospitals, restaurants, and shopping are located minutes from the property. The duplex is fully leased.
The property is zoned C12 and sits on 0.1863 acres. Natural gas, electric, and central heating are listed, with ceiling fans identified for cooling. Schools, hospitals, restaurants, and shopping are located minutes from the property. The duplex is fully leased.
Key Highlights
- Fully leased 2‑bedroom duplex
- 1,984 square feet on 0.1863 acres
- Built in 2002; composition shingle roof
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
$21,329
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
6.10%
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%
$426,580
$426.6K
Cap Rate 7%
$304,700
$304.7K
Cap Rate 9%
$236,989
$237.0K
Market Conditions
NOI Build-Up for 1,984 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
$32.1K $16.20/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$30.5K $15.36/SF
− OpEx
−$9.1K −$4.61/SF
NOI
$21.3K $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%
$426,580
Cap Rate 7%
$304,700
Cap Rate 9%
$236,989
Alternative Uses
Best Use
Multifamily LT 5
$304.7K
$266.6K – $355.5K
NOI $21,329 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,033 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$488.5K
$427.5K – $570.0K
NOI $34,198 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 77845, TX
70,108
Population
31,464
Households
2.2
Avg Household Size
30
Median Age
61%
College-Educated
96%
High-School Grad
142.5 sq mi
ZIP Area
492
Density / Sq Mi
$90,434
Median Household Income
$46,532
Median Earnings
$1,384
Median Rent
$349,900
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?
Duplex - Fully leased property with open living areas, granite finishes, and a fenced backyard.
Where is this duplex located?
The property is located at 3604-3606 Hollyhock Street College Station, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Fully leased 2‑bedroom duplex; 1,984 square feet on 0.1863 acres; Built in 2002; composition shingle roof
