Fully Leased Five-Bedroom
For Sale
$1,150,000
406 Ash St, College Station, TX 77840
Open living areas feature granite countertops, stainless steel appliances, a balcony, and a fenced backyard.
Property Size3,696 SF
Price / SF$311.15
Days on Market82
Property Features for 406 Ash St
General Information
Standard status
Active
Size
3,696 SF
Property subtype
Multi-Family
Building Details
Year Built
2015
Listing Agency:
CENTURY 21 Integra
Listed By:
Jamie Prejean · License #0653743
(979) 777-1116
Source:
Doorstephomegroup
Added: Jul 26
Changed: Sep 12
Last Checked: Sep 29 at 2:29PM
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 CENTURY 21 Integra
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Investment Insights
Based on property information with market context.
Built in 2015, this duplex contains 3,696 square feet with five bedrooms and five bathrooms. The interior uses an open arrangement connecting the living room, kitchen, and dining area, with granite countertops and stainless steel appliances. Each unit includes a washer, dryer, and refrigerator, while outdoor features include a spacious balcony and fenced backyard.
The property is fully leased and located at 406 Ash St in College Station. Texas A&M University is within walking distance, with shopping, dining, and entertainment options also nearby. The configuration and existing furnishings support its established student-oriented rental profile.
The property is fully leased and located at 406 Ash St in College Station. Texas A&M University is within walking distance, with shopping, dining, and entertainment options also nearby. The configuration and existing furnishings support its established student-oriented rental profile.
Key Highlights
- 3696 square feet with 5 bedrooms and 5 bathrooms
- Fully leased duplex at 406 Ash St, College Station, TX 77840
- Built in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,733
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,660
$794.7K
Cap Rate 7%
$567,614
$567.6K
Cap Rate 9%
$441,478
$441.5K
Market Conditions
NOI Build-Up for 3,696 SF
Gross rent
$59.9K $16.20/SF
− Vacancy
−$3.1K −$0.84/SF
EGI
$56.8K $15.36/SF
− OpEx
−$17.0K −$4.61/SF
NOI
$39.7K $10.75/SF
Area
College Station, 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%
$794,660
Cap Rate 7%
$567,614
Cap Rate 9%
$441,478
Alternative Uses
Best Use
Multifamily LT 5
$567.6K
$496.7K – $662.2K
NOI $39,733 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$506.5K
$443.2K – $590.9K
NOI $35,456 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$910.1K
$796.3K – $1.06M
NOI $63,707 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
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Business Placement
Demographics for 77840, TX
55,180
Population
25,423
Households
2.2
Avg Household Size
25
Median Age
46%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$31,278
Median Household Income
$14,521
Median Earnings
$1,085
Median Rent
$241,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Open living areas feature granite countertops, stainless steel appliances, a balcony, and a fenced backyard.
Where is this duplex located?
The property is located at 406 Ash St College Station, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3696 square feet with 5 bedrooms and 5 bathrooms; Fully leased duplex at 406 Ash St, College Station, TX 77840; Built in 2015
