Updated Duplex with Garage
New
For Sale
$349,000
814 Mitchell St, Bryan, TX 77802
Renovated interiors, separate electric metering, and private outdoor areas support flexible residential income use.
Property Size1,973 SF
Price / SF$176.89
Days on Market2
Property Features for 814 Mitchell St
General Information
Standard status
Active
Size
1,973 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Building Details
Year Built
1945
Listing Agency:
Walsh &Mangan Premier RE Group
Listed By:
Allison Bauerschlag · License #0677022
(832) 423-0609
Source:
Doorstephomegroup
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 22 at 6:15PM
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 Walsh &Mangan Premier RE Group
Investment Insights
Based on property information with market context.
This 1,973-square-foot residential property in Bryan, Texas, includes a duplex and a separate garage apartment on one lot. The duplex contains two 2-bedroom, 1-bath units, while all three units have individual electric meters. The property was built in 1945, and both duplex units received extensive renovations in 2019, including new air-conditioning systems, windows, and siding.
Outdoor features add variety between the units. One duplex residence has a fenced private yard and rear storage, while the other includes a front patio deck. The owner currently covers water, sewer, and trash service. The property is leased and located at 814 Mitchell St.
Outdoor features add variety between the units. One duplex residence has a fenced private yard and rear storage, while the other includes a front patio deck. The owner currently covers water, sewer, and trash service. The property is leased and located at 814 Mitchell St.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units plus a separate garage apartment
- 1,973 SF property built in 1945
- Both duplex units renovated in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,210
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,200
$424.2K
Cap Rate 7%
$303,000
$303.0K
Cap Rate 9%
$235,667
$235.7K
Market Conditions
NOI Build-Up for 1,973 SF
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.
Gross rent
$32.0K $16.20/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$30.3K $15.36/SF
− OpEx
−$9.1K −$4.61/SF
NOI
$21.2K $10.75/SF
Area
Brazos County, TX
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,200
Cap Rate 7%
$303,000
Cap Rate 9%
$235,667
Alternative Uses
Best Use
Multifamily LT 5
$303.0K
$265.1K – $353.5K
NOI $21,210 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$270.4K
$236.6K – $315.5K
NOI $18,927 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$485.8K
$425.1K – $566.8K
NOI $34,008 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
Explore this area
Business Placement
Demographics for 77802, TX
25,502
Population
12,189
Households
2.1
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,218
Density / Sq Mi
$68,132
Median Household Income
$43,920
Median Earnings
$1,272
Median Rent
$237,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated interiors, separate electric metering, and private outdoor areas support flexible residential income use.
Where is this duplex located?
The property is located at 814 Mitchell St Bryan, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units plus a separate garage apartment; 1,973 SF property built in 1945; Both duplex units renovated in 2019
