Garden-Style Apartment
For Sale
$3,795,000
611 South Ennis St, Bryan, TX 77803
Thirty-six-unit community with updated interiors and exteriors, in-apartment laundry closets, and a landscaped resident courtyard.
Property Size35,678 SF
Price / SF$106.37
Days on Market88
Property Features for 611 South Ennis St
General Information
Standard status
Active
Size
35,678 SF
Property subtype
Multi-Family
Building Details
Year Built
1969
Listing Agency:
RE/MAX 2020
Listed By:
Chad Hovde · License #HOVDECHA122
(979) 383-2020
Source:
Doorstephomegroup
Added: Jul 21
Changed: Sep 5
Last Checked: Sep 29 at 2:34PM
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 RE/MAX 2020
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Investment Insights
Based on property information with market context.
This 36-unit garden-style apartment community was built in 1969 and includes a mix of apartment layouts. Residences feature laminate wood flooring in central areas, central HVAC, and private laundry closets equipped for washer and dryer use. Select homes retain original brick accent walls, while first-floor apartments open toward the courtyard. The property also includes two on-site maintenance storage rooms.
A landscaped central garden with mature oak trees provides a shared outdoor area for residents. Parking is provided at approximately 2 spaces per apartment, with both covered and uncovered spaces allocated on a first-come-first-served basis. The property is located at 611 South Ennis St in Bryan’s Historic District, within blocks of the Downtown Bryan corridor.
A landscaped central garden with mature oak trees provides a shared outdoor area for residents. Parking is provided at approximately 2 spaces per apartment, with both covered and uncovered spaces allocated on a first-come-first-served basis. The property is located at 611 South Ennis St in Bryan’s Historic District, within blocks of the Downtown Bryan corridor.
Key Highlights
- 36‑unit garden‑style apartment community built in 1969
- Central HVAC and private in‑apartment laundry closets with washer/dryer
- Laminate wood flooring in central areas; select units include original brick accent walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$342,263
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,845,260
$6.8M
Cap Rate 7%
$4,889,471
$4.9M
Cap Rate 9%
$3,802,922
$3.8M
Market Conditions
NOI Build-Up for 35,678 SF
Gross rent
$655.0K $18.36/SF
− Vacancy
−$32.8K −$0.92/SF
EGI
$622.3K $17.44/SF
− OpEx
−$280.0K −$7.85/SF
NOI
$342.3K $9.59/SF
Area
Brazos County, TX
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,845,260
Cap Rate 7%
$4,889,471
Cap Rate 9%
$3,802,922
Alternative Uses
Best Use
Apartment 5plus
$4.89M
$4.28M – $5.70M
NOI $342,263 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.79M
$7.69M – $10.25M
NOI $614,975 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 77803, TX
30,533
Population
10,586
Households
2.9
Avg Household Size
32
Median Age
11%
College-Educated
72%
High-School Grad
13.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$50,953
Median Household Income
$28,651
Median Earnings
$1,106
Median Rent
$141,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Thirty-six-unit community with updated interiors and exteriors, in-apartment laundry closets, and a landscaped resident courtyard.
Where is this apartment building located?
The property is located at 611 South Ennis St Bryan, TX.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: 36‑unit garden‑style apartment community built in 1969; Central HVAC and private in‑apartment laundry closets with washer/dryer; Laminate wood flooring in central areas; select units include original brick accent walls
