505 & 507 500 & 502 Boyett & First Street, College Station, TX 77840
MULTI_FAMILY - College Station, TX
- Added:
- Feb 2, 2026
- Days on Market:
- 128
- Last Refresh:
- Jun 10 at 1:06 am
Property Features for 505 & 507 500 & 502 Boyett & First Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C02
- Fencing
- Privacy
- Standard status
- Active
- APN
- 505 & 507, 500 & 502 Boyett & First C02
- Size
- 14,560 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Tile, Carpet
- Roof type
- Composition
Listing agent Kathy Scott License #0589435 (979) 695-3300
Listing office Texas Prime Real Estate 420 Tarrow, College Station, TX (979) 695-3300
Listing date Feb 2, 2026
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.
HighLights
- 100% occupied multifamily investment with strong occupancy and immediate rental cash flow
- Each 1‑bedroom, 1‑bath unit includes 910 sq ft and features updated finishes
- Recent upgrades include quartz countertops, stainless steel appliances, and wood‑look tile flooring
- Oversized walk‑in closet and access to a shared courtyard with owner‑maintained courtyard lawn care
- In‑unit washer and dryer included, with appliances provided: refrigerator, gas range, dishwasher, and microwave
- Building amenities include central heating (natural gas), central air, privacy fencing, and a composition roof (year built 1968)
Overview
The property is located in College Station, Texas, on the College Station-area bus route and minutes from Texas A&M University. The remarks also note proximity to Northgate dining, shopping, and entertainment. Addresses included with the offering are 505 & 507 and 500 & 502 Boyett & First Street, College Station, TX 77840. A Matterport 3D immersive tour is available; the photos and 3D tour shown are of an adjacent unit with the same floor plan and similar finishes.
For buyers seeking a stabilized multifamily investment, the offering is presented as 100% occupied with immediate income potential. It is positioned for tenants who want in-unit convenience, including washer and dryer, and access to the shared courtyard, while ongoing exterior courtyard lawn care is handled by the owner per the stated arrangement. Zoning is listed as C02, and the property is sized at 14,560 square feet on a 0.156-acre lot.
Local 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 | $267.3k | $18.36 |
| − Vacancy | −$13.4k | −$0.92 |
| EGI | $254.0k | $17.44 |
| − OpEx | −$114.3k | −$7.85 |
| NOI | $139.7k | $9.59 |
Alternative Uses
Current Use by Public Records
Map
- City
- College Station
- County
- Brazos
- State
- Texas
- Longitude
- -96.350654
- Latitude
- 30.619446