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$2,640,000

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

On MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths14,500 Sq Ft
Multi FamilyMulti Family
price_per_sqft$182.07 / sqft
Year BuiltBuilt in 1968

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesRange, Disposal, Dishwasher, Refrigerator
FlooringCarpet, Laminate

About this property

100% Occupied Multifamily Investment opportunity in the heart of College Station. This updated multifamily property is 100% occupied, offering immediate cash flow in a highly desirable location just minutes from Texas A&M University, on the bus route, and close to Northgate’s dining, shopping, and entertainment. With strong occupancy, modern updates, and a prime location near Texas A&M, this property presents a solid, low-maintenance investment opportunity in a consistently high-demand rental market. Each spacious 1-bedroom, 1-bath unit (910 sq ft) features recent upgrades, including quartz countertops, stainless steel appliances, wood-look tile flooring, an oversized walk-in closet, and access to a charming shared courtyard. Appliances provided include a refrigerator, gas range, dishwasher, microwave, and in-unit washer and dryer, enhancing tenant appeal and retention. The owner maintains the courtyard lawn care, while tenants are responsible for back patio lawn areas.

Investor Tools

$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,840 /month
Positive
Cash Flow Estimate:
$5,280 /month

Interested in this property?

Cara Miller

Texas Prime Real Estate/ Blue Ribbon Property Management

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: College Station

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505 & 507, 500 & 502 Boyett , First Street | Property Details | No Agent List