Multifamily Complex Near TAMU
903 Balcones Drive, College Station, TX 77845
MULTI_FAMILY - College Station, TX
Property size:
15,360 SFLot size:
0.96 AcresPrice / SF:
$143/SF- Added:
- Oct 10, 2025
- Days on Market:
- 236
- Last Refresh:
- Jun 2 at 4:06 am
Property Features for 903 Balcones Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C10
- Standard status
- Active
- APN
- 903 Balcones C10
- Size
- 15,360 SF
- Lot size
- 0.96 Acres
Taxes and HOA fees
- Tax Year
- 2014
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2014
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Carpet
Listing agent Linda Praytor License #0310815 (979) 229-6000
Listing office Town & Country Realty 7005 Rock Prairie Rd, College Station, TX (979) 229-6000
Listing date Oct 10, 2025
MLS# 25010499
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% Occupancy with strong rental history and minimal turnover, ensuring immediate and consistent cash flow.
- Prime location just off the TAMU Shuttle Route, offering unbeatable proximity to campus, shopping, and dining.
- High‑yield investment with a gross annual income of $172,800.00 and potential for future appreciation in a stable rental market.
- Spacious 1,200 sq. ft. units with modern layouts designed for tenant comfort and long‑term satisfaction.
- Low‑maintenance property built in 2014, reducing potential repair costs and management efforts.
- On‑site office, ideal for property management or conversion to an additional income‑producing unit.
Overview
This well-maintained 12-unit multifamily complex is located just off the TAMU Shuttle Route, offering proximity to campus, shopping, and dining. Each unit features 1,200 sq. ft. layouts. The property includes an on-site office, suitable for management or conversion to an additional income-producing unit. The property is currently at 100% occupancy, with units renting for $1,200 per month, resulting in a gross annual income of $172,800.00. The property benefits from a strong rental history and minimal turnover. Located in College Station, Texas, this property is situated on a 0.96-acre lot and has a total building size of 15,360 square feet. The zoning is C10. The property is positioned to benefit from TAMU student demand and workforce housing needs.
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 | $282.0k | $18.36 |
| − Vacancy | −$14.1k | −$0.92 |
| EGI | $267.9k | $17.44 |
| − OpEx | −$120.6k | −$7.85 |
| NOI | $147.4k | $9.59 |
15,360 SF · lease $18.36/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.11M
$1.84M – $2.46M
NOI $147,350 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.78M
$3.31M – $4.41M
NOI $264,757 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- College Station
- County
- Brazos
- State
- Texas
- Longitude
- -96.313284
- Latitude
- 30.589171
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit multifamily property near Texas A&M University.
Where is this apartment building located?
The property is located at 903 Balcones Drive College Station, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 100% Occupancy with strong rental history and minimal turnover, ensuring immediate and consistent cash flow.; Prime location just off the TAMU Shuttle Route, offering unbeatable proximity to campus, shopping, and dining.; High‑yield investment with a gross annual income of $172,800.00 and potential for future appreciation in a stable rental market.
