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    Updated Multifamily Apartment Building Title is generated by Realmo AI

    505 & 507 500 & 502 Boyett & First Street, College Station, TX 77840

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    For Sale
    $2,640,000

    MULTI_FAMILY - College Station, TX

    Property size:
    14,560 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $181/SF
    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

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    Listing Contact
    Kathy Scott
    Kathy Scott

    Listing agent Kathy Scott License #0589435

    Listing office Texas Prime Real Estate 420 Tarrow, College Station, TX

    Listing date Feb 2, 2026

    MLS# 26001333 Listing URL

    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

    This updated multifamily apartment building includes units configured as spacious 1-bedroom, 1-bath residences. Each unit is described as featuring recent upgrades such as quartz countertops, stainless steel appliances, wood-look tile flooring, an oversized walk-in closet, and access to a shared courtyard. In-unit appliances provided include a refrigerator, gas range, dishwasher, and microwave, along with in-unit washer and dryer. The owner maintains the courtyard lawn care, while tenants are responsible for back patio lawn areas.

    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
    14,560 SF · lease $18.36/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.00M
    $1.75M – $2.33M (±1% cap)
    NOI $139,676 @ 7.0% cap · market cap 5.29%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.59M
    $3.14M – $4.18M (±1% cap)
    NOI $250,968 @ 7.0% cap · market cap 9.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.350654
    Latitude
    30.619446

    FAQs

    What type of property is this?
    Apartment building - Updated 1-bedroom apartments with in-unit laundry and shared courtyard access, offering a turnkey, stabilized rental setup.
    Where is this apartment building located?
    The property is located at 505 & 507 500 & 502 Boyett & First Street College Station, TX.
    What is the asking price?
    The asking price for this property is $2,640,000.
    What are key features of this property?
    This property features: 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
    More about this property
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