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Duplex Near Texas A&M University
New
For Sale
$975,000

406 Ash Street, College Station, TX 77840

MULTI_FAMILY - College Station, TX

Property Size3,696 SF
Lot Size0.19 Acres
Price / SF$263.80
Days on Market2

Property Features for 406 Ash Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning C03
Parking 10
Patio and Porch features Patio
Exterior features Covered Patio, Sprinkler System
Fencing Privacy
Subdivision College Vista
Elementary school district College Station
Middle school district College Station
High school district College Station
Directions Head Northwest on University Dr toward Asbury St./Tauber St. Turn right onto Nimitz St. Turn left at the 3rd cross street onto Ash St. Destination will be on the right.
Standard status Active
APN 406 Ash C03
Size 3,696 SF
Lot size 0.19 Acres

Utilities

Heating system Electric (Heating), Central
Cooling system Electric, Central Air, Ceiling Fan(s)

Amenities

private balcony
fenced backyard
granite countertops
stainless steel appliances
washer
dryer
refrigerator

Building Details

Year built 2015
Floors in Building 2
Number of units 2
Flooring type Carpet, Tile
Roof type Composition
Listing Agency: CENTURY 21 Integra · Century 21 Real Estate
Listed By: Jamie Prejean · License #0653743
Added: Aug 5 Last Checked: Aug 6 at 4:06AM
MLS# 26009914

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.

Built in 2015, this duplex contains 3,696 square feet across two five-bedroom, five-bathroom units. Both residences feature open living, dining, and kitchen areas with granite countertops, stainless steel appliances, ample cabinetry, refrigerators, washers, and dryers. Each side also includes a private balcony and fenced backyard. Carpet and tile flooring, central heating and cooling, ceiling fans, composition roofing, covered patios, and a sprinkler system are among the property improvements.

The property is located in College Station, less than five minutes from Texas A&M University and near shopping, dining, entertainment, and everyday services. Both units are fully leased, and the property carries C03 zoning. The 0.188-acre site also includes privacy fencing and patio areas.

Key Highlights

  • Two‑unit duplex with 3,696 square feet, built in 2015
  • Each unit offers 5 bedrooms and 5 bathrooms
  • Fully leased property near Texas A&M University

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 $59.9k $16.20
− Vacancy −$3.1k −$0.84
EGI $56.8k $15.36
− OpEx −$17.0k −$4.61
NOI $39.7k $10.75
3,696 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$567.6K
$496.7K – $662.2K (±1% cap)
NOI $39,733 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$506.5K
$443.2K – $590.9K (±1% cap)
NOI $35,456 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$910.1K
$796.3K – $1.06M (±1% cap)
NOI $63,707 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility Home Appliance Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,039
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Fully leased duplex with two spacious units, private outdoor areas, and furnished appliance packages.
Where is this duplex located?
The property is located at 406 Ash Street College Station, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,696 square feet, built in 2015; Each unit offers 5 bedrooms and 5 bathrooms; Fully leased property near Texas A&M University
More about this property
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