New 11-Unit Townhome
For Sale
Contact for pricing
4042 GUNNER TR, College Station, TX 77845
Newly constructed student-oriented housing with upgraded interiors, private yards, and community amenities.
Property Size20,135 SF
Price / SF$218.72
Days on Market10
Property Features for 4042 GUNNER TR
General Information
Standard status
Active
Size
20,135 SF
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
5 x 4BR/4.5BA, 4 x 4BR/4BA, 2 x 3BR/3BA
Multifamily Units
11
Additional Details
Gross Income
$427,800
Amenities
Gig Speed Fiber Internet
lawn care
access to the Cove at BearX
sheet wave surfing machine
lazy river
private cabanas
private fenced backyard
Building Details
Year Built
2026
Buildings
2
Units
11
Tenancy
Multi
Listing Agency:
Marvel Real Estate
Listed By:
Luke Marvel · License #TX 613106
Source:
Crexi
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 5 at 7:23AM
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 Marvel Real Estate
Investment Insights
Based on property information with market context.
This 11-unit apartment property at 4042 Gunner Tr in College Station includes 20,135 square feet across a varied townhome mix. The package contains five 4-bedroom, 4.5-bath units, four 4-bedroom, 4-bath units, and two 3-bedroom, 3-bath units. Built in 2026, the homes feature gray stained cabinetry, quartz counters, luxury vinyl plank flooring, stainless steel appliances, tiled shower surrounds, and private fenced backyards.
Onsite property management supports day-to-day operations. The HOA provides Gig Speed Fiber Internet and lawn care, along with access to The Cove at BearX, which includes a sheet wave surfing machine, lazy river, and private cabanas. The property is positioned for student housing use, with completion timed for the fall semester.
Onsite property management supports day-to-day operations. The HOA provides Gig Speed Fiber Internet and lawn care, along with access to The Cove at BearX, which includes a sheet wave surfing machine, lazy river, and private cabanas. The property is positioned for student housing use, with completion timed for the fall semester.
Key Highlights
- 11‑unit townhome package totaling 20,135 square feet
- Unit mix includes five 4‑bedroom, 4.5‑bath units, four 4‑bedroom, 4‑bath units, and two 3‑bedroom, 3‑bath units
- Built in 2026 with newly constructed interiors
Financial Insights For Apartment 5plus
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 | $369.7k | $18.36 |
| − Vacancy | −$18.5k | −$0.92 |
| EGI | $351.2k | $17.44 |
| − OpEx | −$158.0k | −$7.85 |
| NOI | $193.2k | $9.59 |
20,135 SF · lease $18.36/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.76M
$2.41M – $3.22M
NOI $193,157 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.96M
$4.34M – $5.78M
NOI $347,063 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
144
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed student-oriented housing with upgraded interiors, private yards, and community amenities.
Where is this apartment building located?
The property is located at 4042 GUNNER TR College Station, TX.
What is the asking price?
The asking price for this property is $4,403,900.
What are key features of this property?
This property features: 11‑unit townhome package totaling 20,135 square feet; Unit mix includes five 4‑bedroom, 4.5‑bath units, four 4‑bedroom, 4‑bath units, and two 3‑bedroom, 3‑bath units; Built in 2026 with newly constructed interiors
