Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Abilene Triplex For Sale Title is generated by Realmo AI

    1018 Merchant Street, Abilene, TX 79603

    View on Map
    Claim this Listing
    New
    For Sale
    $250,000

    MULTI_FAMILY - Abilene, TX

    Lot size:
    0.22 Acres
    Added:
    May 31, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 1018 Merchant Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 4
    Parking
    4
    Parking features
    Driveway
    Interior features
    CableTv
    Standard status
    Active
    APN
    39954
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    LAKESIDE ADDN, BLOCK 2, LOT 4
    Tax Annual Amount
    3975

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1946
    Floors in Building
    1
    Number of units
    3
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Chad Chaney
    Chad Chaney

    Listing agent Chad Chaney License #0588387

    Listing office Coldwell Banker Apex, REALTORS Plano, TX

    Listing date May 31, 2026

    MLS# 21286246 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing triplex property
    • Features three units: one 3‑bedroom/1‑bath and two 2‑bedroom/1‑bath units
    • Month‑to‑month leases offer flexibility
    • Parking available
    • Central heating and air conditioning in all units
    • Fenced property

    Overview

    This property is a triplex located in Abilene, Texas. It features one 3-bedroom, 1-bath unit with front parking on Merchant Street. Additionally, there are two 2-bedroom, 1-bath units accessible from the alley. The property is currently income-producing, with month-to-month leases in place. The lot size is 0.22 acres.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.743009
    Latitude
    32.461257

    Nearby Similar for Sale

    • $699,000
      8,625 SF

      Abilene Auto Repair/Sales Facility

      8,625 SF auto repair and sales facility in Abilene.
      881 Pine Street, Abilene, TX 79601
      View Details
    • $1,500,000
      13,000 SF

      Historical Abilene Retail Opportunity

      Prime downtown location with versatile CB zoning and parking.
      1274 N 2nd Street, Abilene, TX 79601
      View Details
    • $775,000
      4,524 SF

      Well-Maintained Office Building in Abilene

      4,524 SF mixed-use office building with excellent visibility.
      2769 S Treadaway Boulevard, Abilene, TX 79602
      View Details
    • $750,000
      10,700 SF

      Abilene Industrial Package Deal

      Two industrial buildings on 0.88 acres, high traffic location.
      1939 S Treadaway Boulevard, Abilene, TX 79602
      View Details
    • $595,000
      8,310 SF

      Renovated Iconic Building For Sale

      Renovated 8,310 SF building with high visibility in Abilene.
      1305 S 1st Street, Abilene, TX 79602
      View Details
    • $599,900
      4,905 SF

      Versatile Commercial Property Near Dyess AFB

      Renovated commercial property with expansion potential near Dyess Air Force Base.
      761 Arnold Boulevard, Abilene, TX 79605
      View Details
    • $895,000
      6,480 SF

      Versatile Commercial Space in Abilene

      6,480 SF space suitable for retail, restaurant, office, or church.
      550 S 11th Street, Abilene, TX 79602
      View Details
    • $2,350,000

      Restaurant Property with Outdoor Patio

      A built-in 1985 restaurant with multiple dining rooms, an outdoor patio, and a second-story party room supported by extensive parking.
      4109 Ridgemont Drive, Abilene, TX 79606
      View Details
    • $2,500,000

      Turnkey Metal Fabrication Warehouse

      Zoned HC warehouse with attached office and outdoor storage, plus included fabrication equipment for immediate operation.
      809 S 7th Street, Abilene, TX 79602
      View Details
    • $985,000

      Automotive Business Opportunity in Abilene

      Fully equipped automotive repair shop in a high-visibility location.
      409 N Treadaway Boulevard, Abilene, TX 79601
      View Details
    • $220,000
      6,400 SF

      Abilene Warehouse with Retail Potential

      Warehouse with office, storage, and retail potential in Abilene.
      4047 N 1ST Street, Abilene, TX 79603
      View Details
    • $1,550,000

      Abilene Office Building with Creek View

      Stunning office building with modern finishes and creek view.
      4357 S Treadaway Boulevard, Abilene, TX 79602
      View Details

    FAQs

    What type of property is this?
    Triplex - Income-producing triplex with month-to-month leases in Abilene, Texas.
    Where is this triplex located?
    The property is located at 1018 Merchant Street Abilene, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Income‑producing triplex property; Features three units: one 3‑bedroom/1‑bath and two 2‑bedroom/1‑bath units; Month‑to‑month leases offer flexibility
    (972) 208-8797
    We can help!
    Listing Contact
    Chad Chaney
    Chad Chaney
    Real Estate License ID: 0588387
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1018 Merchant Street, Abilene, TX 79603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!