Duplex with Covered Back
For Sale
$269,900
3909 Olive Street, Bryan, TX 77801
Well-maintained duplex with two leased units, washer/dryer hookups, and covered back patios.
Property Size1,722 SF
Price / SF$156.74
Days on Market103
Property Features for 3909 Olive Street
General Information
Standard status
Active
Size
1,722 SF
Property subtype
Multi-Family
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$4,467
Amenities
Vinyl
Yes
1
2
Washer Hookup,Dryer Hookup
Appraiser
Vinyl Counters,Ceiling Fan(s)
5998
Two
1722
Building Details
Building Size
1,722 SF
Year Built
1976
Stories
1
Tenancy
Multi
Listing Agency:
Re/Max 20/20
(979) 383-2020
Listed By:
Chelsie Breaux · License #544295
(979) 255-8637
Source:
Garygreene
Added: Jul 27
Changed: Nov 4
Last Checked: Nov 6 at 6:38AM
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 Re/Max 20/20
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Investment Insights
Based on property information with market context.
This well-maintained duplex includes two income-producing units. Both units are currently leased, with one unit on a month-to-month lease and the second leased through April 2027. Recent updates include fresh interior paint in one unit and a full plumbing replacement in both units in April 2026.
Each side offers washer/dryer hookup connections, covered back patios, and spacious private backyard areas. Major systems have been updated over time, including replacement of both HVAC units and water heaters in recent years.
Built in 1976, the property totals 1,722 square feet and presents a strong layout for investors seeking rental cash flow or owner-occupants looking to offset their mortgage with unit income.
Each side offers washer/dryer hookup connections, covered back patios, and spacious private backyard areas. Major systems have been updated over time, including replacement of both HVAC units and water heaters in recent years.
Built in 1976, the property totals 1,722 square feet and presents a strong layout for investors seeking rental cash flow or owner-occupants looking to offset their mortgage with unit income.
Key Highlights
- Both units leased: one month‑to‑month and one through April 2027
- Full plumbing replacement for both units in April 2026
- Each unit includes washer/dryer hookups and a covered back patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,512
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,240
$370.2K
Cap Rate 7%
$264,457
$264.5K
Cap Rate 9%
$205,689
$205.7K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$27.9K $16.20/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$26.4K $15.36/SF
− OpEx
−$7.9K −$4.61/SF
NOI
$18.5K $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 Rate 5%
$370,240
Cap Rate 7%
$264,457
Cap Rate 9%
$205,689
Alternative Uses
Best Use
Multifamily LT 5
$264.5K
$231.4K – $308.5K
NOI $18,512 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$236.0K
$206.5K – $275.3K
NOI $16,519 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$424.0K
$371.0K – $494.7K
NOI $29,682 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 77801, TX
15,097
Population
7,221
Households
2.1
Avg Household Size
27
Median Age
23%
College-Educated
81%
High-School Grad
3.1 sq mi
ZIP Area
4,870
Density / Sq Mi
$35,575
Median Household Income
$24,587
Median Earnings
$998
Median Rent
$172,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two leased units, washer/dryer hookups, and covered back patios.
Where is this duplex located?
The property is located at 3909 Olive Street Bryan, TX.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Both units leased: one month‑to‑month and one through April 2027; Full plumbing replacement for both units in April 2026; Each unit includes washer/dryer hookups and a covered back patio
