Multifamily
For Sale
$1,625,000
701/703 Turner Street, College Station, TX 77840
Central electric service and supplied kitchen and laundry appliances support residential use.
Property Size5,462 SF
Days on Market10
Property Features for 701/703 Turner Street
General Information
Standard status
Active
Size
5,462 SF
Total Parking Spaces
14
Property subtype
Residential Income
Site & Location
Neighborhood
College Hills
Amenities
Central, Electric
Dishwasher, Microwave, Refrigerator, Dryer, Washer
Paved
Building Details
Building Size
5,462 SF
Year Built
2025
Listing Agency:
RE/MAX 20/20
Listed By:
Cori Becka
(915) 307-0276
Source:
Evrealestate
Added: Oct 26
Changed: Nov 3
Last Checked: Nov 3 at 5:50AM
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 20/20
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Investment Insights
Based on property information with market context.
Built in 2025, this multifamily property at 701/703 Turner Street in College Station includes central electric service and a set of kitchen and laundry appliances: a dishwasher, microwave, refrigerator, washer, and dryer. The exterior is paved.
Key Highlights
- Built in 2025
- Central electric service
- Dishwasher, microwave, refrigerator, washer, and dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,398
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,960
$1.0M
Cap Rate 7%
$748,543
$748.5K
Cap Rate 9%
$582,200
$582.2K
Market Conditions
NOI Build-Up for 5,462 SF
Gross rent
$100.3K $18.36/SF
− Vacancy
−$5.0K −$0.92/SF
EGI
$95.3K $17.44/SF
− OpEx
−$42.9K −$7.85/SF
NOI
$52.4K $9.59/SF
Area
College Station, 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%
$1,047,960
Cap Rate 7%
$748,543
Cap Rate 9%
$582,200
Alternative Uses
Best Use
Apartment 5plus
$748.5K
$655.0K – $873.3K
NOI $52,398 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,147 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Central electric service and supplied kitchen and laundry appliances support residential use.
Where is this multifamily property located?
The property is located at 701/703 Turner Street College Station, TX.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Built in 2025; Central electric service; Dishwasher, microwave, refrigerator, washer, and dryer included
