Duplex with Updated Ground-Floor
401 Park Road College Station, TX 77840
401 Park Road, College Station, TX, 77840
$369,000
For Sale
$369,000
MULTI_FAMILY - College Station, TX
Property Size2,320 SF
Lot Size0.15 Acres
Price / SF$159.05
Days on Market143
Property Features for 401 Park Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C03
- Parking
- 6
- Standard status
- Active
- APN
- 401 Park C03
- Size
- 2,320 SF
- Lot size
- 0.15 Acres
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1994
- Number of units
- 2
Listing Agency
Walsh &Mangan Premier RE Group
(979) 690-9977
1645 Greens Prairie Rd Ste 404, College Station, TX
Listed by
Sarah Mengers · License #0678340
(979) 690-9977
Added: Feb 25 Checked: Jul 18 at 9:06 am
MLS# 26002143
Listing URL
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 duplex offers a functional 1st- and 2nd-floor layout, with each unit configured as a three-bedroom, two-bath home. The ground-floor unit has been recently updated and is currently leased through June 2027. Both apartments include a dedicated kitchen with laundry connections just off the kitchen, plus sliding doors that bring in natural light and support a spacious living room. Bedrooms are described as large with ample closet space, and the bathrooms feature well-lit interiors with ample cabinet and counter space.
The property is located on a dead-end street and sits next door to a park with walking trails, ponds, a playground, and a gazebo, offering outdoor space immediately adjacent to the homes. The location is just off University Drive, placing residents within walking distance of multiple restaurants and three different TAMU bus stops.
For tenants or buyers seeking a duplex setup, the unit mix provides consistent 3BR/2BA functionality across floors, while the updated downstairs unit may appeal to residents prioritizing modern finishes and convenient in-unit laundry. Zoning is listed as C03, supporting residential income use for this configuration. The photos currently reflect Unit A (downstairs) when it was vacant.
The property is located on a dead-end street and sits next door to a park with walking trails, ponds, a playground, and a gazebo, offering outdoor space immediately adjacent to the homes. The location is just off University Drive, placing residents within walking distance of multiple restaurants and three different TAMU bus stops.
For tenants or buyers seeking a duplex setup, the unit mix provides consistent 3BR/2BA functionality across floors, while the updated downstairs unit may appeal to residents prioritizing modern finishes and convenient in-unit laundry. Zoning is listed as C03, supporting residential income use for this configuration. The photos currently reflect Unit A (downstairs) when it was vacant.
Key Highlights
- Duplex with 1st- and 2nd‑floor layout; each unit has 3 bedrooms and 2 bathrooms
- Year built 1994
- Ground‑floor Unit A recently updated and leased until June 2027
Local 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 | $37.6k | $16.20 |
| − Vacancy | −$2.0k | −$0.84 |
| EGI | $35.6k | $15.36 |
| − OpEx | −$10.7k | −$4.61 |
| NOI | $24.9k | $10.75 |
2,320 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.3K
$311.8K – $415.7K
NOI $24,941 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$317.9K
$278.2K – $370.9K
NOI $22,256 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$571.3K
$499.9K – $666.5K
NOI $39,989 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two 3BR/2BA apartments with an updated downstairs unit and strong resident convenience near transit and dining.
Where is this duplex located?
The property is located at 401 Park Road College Station, TX.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Duplex with 1st- and 2nd‑floor layout; each unit has 3 bedrooms and 2 bathrooms; Year built 1994; Ground‑floor Unit A recently updated and leased until June 2027
