12-Unit Multifamily in Bryan, TX
Brazos County, TX · listed May 5, 2026 (175 days)
- $/unit
- $158,333
- ▲ 72% vs TX · 79th pct
- Cap rate
- 8.9%
- ▲ 1.5 pts vs TX median
- NOI
- $170K
- $14,144/unit/yr
- Units
- 12
- 1979
Financials
- Asking price
- $1,900,000
- Price per unit
- $158,333
- Price per sq ft
- $198
- Gross rent / year
- $216,000
- Net operating income
- $169,732
- NOI per unit
- $14,144
- Cap rate
- 8.9%
- Gross yield
- 11.4%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1979
- Building size
- 9,600 sq ft
- Avg unit size
- 800 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 5, 2026
- Days on market
- 175 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1223
About this property
The Navidad Portfolio is a rare opportunity to acquire three cash-flowing fourplexes operating as a single, cohesive short-term rental business in Bryan, Texas — 4 minutes from Texas A&M University, the largest university in the United States.
This is not a value-add play. This is a running business with verified revenue, active bookings, a recognized brand, and a direct-booking engine that generates over 60% of income off-platform. You are buying infrastructure, not just real estate.
THE PORTFOLIO
706, 708, and (address on request) are three fourplexes comprising 12 units total — 9 active STRs, 1 long-term tenant, and 2 on-site operator units. Combined gross revenue is $216,000 annually with a blended NOI margin above 70%. Each building has been optimized for short-term rental performance, with professional photography, guest systems, and a direct booking pipeline already in place.
THE MARKET
Bryan-College Station is one of the most recession-resistant rental markets in the country. Texas A&M enrolled 79,105 students in Fall 2024 — up 33% since 2013 and still growing — making it the largest university in the US. Demand never stops: 12 home football games per season at 102,733-seat Kyle Field, graduation weekends in May and December, year-round campus visitors, medical guests at the Texas A&M Health Science Center, and a growing biotech corridor anchored by FujiFilm Diosynth. When the broader economy softens, Aggieland fills up. This market does not depend on national trends.
During the 2008 financial crisis, Bryan-College Station held its value while national home prices fell 30%+. During COVID, BCS recovered all job losses by mid-2022 — faster than any comparable Texas market.
THE OPERATION
The current operator, Chase Robinson, has built a direct-booking business with repeat guests, referral customers, and a guest list that transfers with the sale. Ronald Wilson has been a long-term tenant at 800B for over 10 consecutive years at $825/month — a stabilizing asset who also supports property operations. Chase is available post-close for full management, a transition period, or consulting.
THE DEAL
Asking price: $1,900,000 for all three buildings sold together as a portfolio. Full financials, platform earnings reports, and direct booking records available upon request. Serious inquiries only.
3 fourplexes in Bryan-College Station, home of the largest university in the country
Highlights
- $216,000 gross annual revenue across 3 fully operational fourplexes — verified from platform earnings and direct booking records. No pro forma. No projections.
- 70%+ blended NOI margin. Portfolio generates strong net operating income across all three buildings with a seasoned operator in place.
- 60%+ of revenue comes from direct bookings — bypassing Airbnb entirely. Guest lists, repeat customers, and referral infrastructure transfer with the sale.
- 4 minutes from Texas A&M — the largest university in the United States with 79,105 enrolled students. Year-round demand driven by football weekends, graduations, campus visitors, and corporate/medical travelers.
- Turnkey operation. Active bookings, established brand, professional photography, and guest systems are all in place. The current operator is available to stay on post-close.
- 9 active STR units + 1 long-term tenant (800B) who has paid $825/month for 10+ consecutive years, 2 cleaners who live in 706 A and B for on site management/maintenance — a stabilizing anchor for the portfolio.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Bryan, TXValue-add | $800K | $100K$100K | — |
 Bryan, TXValue-add | $2M | $100K$100K | — |
 Bryan, TXStabilized | $2.2M | $138K$138K | 4.9% |
 Bryan, TXStabilized | $2.25M | $94K$94K | 6.5% |
 College Station, TXStabilized | $4M | $250K$250K | — |
 College Station, TXStabilized | $4.4M | $400K$400K | 7.7% |