Duplex with Covered Back
New
For Sale
$274,900
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$159.64
Days on Market6
Property Features for 3909 Olive Street
General Information
Standard status
Active
Size
1,722 SF
Property subtype
Multi-Family
Occupancy
100%
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
Tenancy
Multi
Listing Agency:
Keller Williams Realty Metropolitan
(832) 233-3883
Listed By:
Ty Burleson
(832) 233-3883
Source:
Garygreene
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 4:27AM
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 Keller Williams Realty Metropolitan
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.9k | $16.20 |
| − Vacancy | −$1.5k | −$0.84 |
| EGI | $26.4k | $15.36 |
| − OpEx | −$7.9k | −$4.61 |
| NOI | $18.5k | $10.75 |
1,722 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.5K
$231.4K – $308.5K
NOI $18,512 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$236.0K
$206.5K – $275.3K
NOI $16,519 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$424.0K
$371.0K – $494.7K
NOI $29,682 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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 - 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 $274,900.
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
