Leased Duplex with Open-Concept
For Sale
$1,100,000
406 Ash Street, College Station, TX 77840
MULTI_FAMILY - College Station, TX
Property Size3,696 SF
Lot Size0.19 Acres
Price / SF$297.62
Days on Market362
Property Features for 406 Ash Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C03
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
Amenities
granite countertops
stainless steel appliances
balcony
fenced backyard
in-unit washer and dryer
refrigerator
Building Details
Year built
2015
Floors in Building
2
Number of units
2
Listing Agency:
CENTURY 21 Integra · Century 21 Real Estate
(979) 764-2100
Listed By:
Jamie Prejean · License #0653743
(979) 777-1116
Added: Aug 5, 2025
Changed: Jul 28
Last Checked: Aug 1 at 10:06AM
MLS# 25008638
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 leased duplex offers an open-concept layout connecting the living, kitchen, and dining areas. Interior upgrades include granite countertops and stainless steel appliances. Each unit includes in-unit washer, dryer, and refrigerator. Tenants also have access to a spacious balcony and a fenced backyard.
The property is located at 406 Ash Street in College Station, Texas, in Brazos County, and is listed under zoning C03. Public remarks note the duplex is minutes from Texas A&M University and surrounded by nearby shopping, dining, and entertainment options.
The offering is turnkey, with a total building size of 3,696 square feet and a lot size of 0.188 acres, and is presented as a 5 bed, 5 bath opportunity.
The property is located at 406 Ash Street in College Station, Texas, in Brazos County, and is listed under zoning C03. Public remarks note the duplex is minutes from Texas A&M University and surrounded by nearby shopping, dining, and entertainment options.
The offering is turnkey, with a total building size of 3,696 square feet and a lot size of 0.188 acres, and is presented as a 5 bed, 5 bath opportunity.
Key Highlights
- Leased duplex built in 2015 featuring central electric heating
- 5‑bed, 5‑bath duplex with open‑concept living, kitchen, and dining areas
- Interior upgrades include granite countertops and stainless steel appliances
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
NOI $39,733 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$506.5K
$443.2K – $590.9K
NOI $35,456 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$910.1K
$796.3K – $1.06M
NOI $63,707 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex is leased and features open living, kitchen, and dining areas with in-unit washer/dryer.
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 $1,100,000.
What are key features of this property?
This property features: Leased duplex built in 2015 featuring central electric heating; 5‑bed, 5‑bath duplex with open‑concept living, kitchen, and dining areas; Interior upgrades include granite countertops and stainless steel appliances
