Multifamily
For Sale
$204,900
402 Hill Street, Bryan, TX 77803
The residential income property has window-unit cooling, ceiling fans, and space heating.
Property Size1,792 SF
Days on Market122
Property Features for 402 Hill Street
General Information
Standard status
Active
Size
1,792 SF
Total Parking Spaces
2
Property subtype
Residential Income
Amenities
Ceiling Fan(s), Window Unit(s)
Space Heater
Partial, Privacy, Wood
Building Details
Building Size
1,792 SF
Year Built
1945
Listed By:
Bryant Xavier
(903) 245-4874
Source:
Evrealestate
Added: Jun 8
Changed: Oct 1
Last Checked: Oct 5 at 6:08PM
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 Bryant Xavier
Investment Insights
Based on property information with market context.
The multifamily property comprises 402, 404, and 408 Hill Street in Bryan. Built in 1945, the residences have ceiling fans, window units, and space heaters. Partial wood privacy fencing is also present.
Key Highlights
- Three Hill Street addresses: 402, 404, and 408
- Built in 1945
- Window units and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,191
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,820
$343.8K
Cap Rate 7%
$245,586
$245.6K
Cap Rate 9%
$191,011
$191.0K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$32.9K $18.36/SF
− Vacancy
−$1.6K −$0.92/SF
EGI
$31.3K $17.44/SF
− OpEx
−$14.1K −$7.85/SF
NOI
$17.2K $9.59/SF
Area
Brazos County, 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%
$343,820
Cap Rate 7%
$245,586
Cap Rate 9%
$191,011
Alternative Uses
Best Use
Apartment 5plus
$245.6K
$214.9K – $286.5K
NOI $17,191 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.3K
$386.1K – $514.8K
NOI $30,888 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 77803, TX
30,533
Population
10,586
Households
2.9
Avg Household Size
32
Median Age
11%
College-Educated
72%
High-School Grad
13.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$50,953
Median Household Income
$28,651
Median Earnings
$1,106
Median Rent
$141,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - The residential income property has window-unit cooling, ceiling fans, and space heating.
Where is this multifamily property located?
The property is located at 402 Hill Street Bryan, TX.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: Three Hill Street addresses: 402, 404, and 408; Built in 1945; Window units and ceiling fans
