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711 Thompson Drive

Prairie View, TX 77484

$3,350,000

12 units · 2006

Units12
Building area5,624 sq ft
Year built2006
Gross income$447,342/yr
Cap rate5.84% as listed
Parking50 spaces
Lot size1 acres
TypeApartment

What it costs to own

Taxes$12,246 per year
HOANone listed
Operating expenses$251,645 per year — as listed
Insurance$22,548 per year — as listed
Net operating income$195,697 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Panther Quarters is a purpose-built student housing community located just two blocks from Prairie View A&M University in Prairie View, Texas. Built in 2006, the property consists of twelve 4-bedroom,4-bath apartment homes (48 beds) across six two-story residential buildings on approximately 1.02 acres.

The property utilizes a lease-by-the-bedroom operating model designed specifically for student housing, with spacious floor plans featuring private bedrooms and bathrooms, shared living areas, granite countertops, fully equipped kitchens, in-unit washers and dryers, individually controlled HVAC systems, and individually metered electricity. Residents enjoy convenient access to campus while remaining connected to the Houston metropolitan area via U.S. Highway 290.

Panther Quarters has been professionally maintained and offers investors an opportunity to acquire a stabilized student housing asset serving one of Texas' premier public universities. Continued university enrollment, limited on-campus housing, and strong demand for off-campus accommodations support the property's long-term investment appeal.

Additional due diligence materials, including financial information, surveys, and property documentation, are available upon request.

The details

HeatingElectric
CoolingElectric
FlooringCeramic Tile, Laminate
AppliancesDishwasher, Electric Oven, Electric Range
Interior featuresCable TV Available

Construction materialsBrick
RoofComposition
FoundationSlab

SubdivisionPanther Quarters Sub

ElementaryJones
Middle schoolSchultz
High schoolWaller
DistrictWaller ISD

Gross income$447,342 per year
Operating expenses$251,645 per year
Insurance$22,548 per year
Cap rate5.84% — as listed
Net operating income$195,697 per year

MLS #21346023
Source
On the market3 days
CountyWaller

Around this home

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Listing courtesy of United Real Estate Frisco — Marcus Nelson.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21346023. Information last updated August 3, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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