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    401 Main St Brownwood, TX 76801

    New
    For Sale
    $949,000

    Apartment - Brownwood, TX

    Type:Apartment
    Lot size:
    0.49 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 12 at 5:06 am

    Property Features for 401 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    20
    Bathrooms
    10
    APN
    000000055806
    Parking
    20
    Parking features
    Paved or Surfaced
    Interior features
    Open Floorplan
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Refrigerator, Refrigerator - Built-in, Washer
    Lot size
    0.49 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    Real Broker, LLC (855) 450-0442 [email protected]

    Listing agent Maxim Son (855) 450-0442 License #0817026

    Listing date Dec 10, 2025

    MLS# 21129647 Listing URL

    Copyright © 2025 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.

    Overview

    Updated Downtown Brownwood Apartment Buildings

    Located in downtown Brownwood, this 10-unit property features five identical buildings with a total of 7,140 rentable square feet. The units have been recently renovated with $124k of improvements, including new central HVAC, LVP flooring, appliances, and a parking lot. The property also features PVC sewer lines and copper wiring. Situated on a 0.489-acre lot on Main St, the location offers visibility and convenience for tenants, with Brownwood Downtown within walking distance. Howard Payne University is a 5-minute walk away, and Hendrick Medical Center is a 7-minute drive. Each unit has an identical layout with 2 beds, 1 bath, and 720 sqft. Units include a full appliance package with dishwashers and washer-dryer hookups. Utilities are separately metered and paid by tenants. The property is 100% occupied with a tenant waitlist and has demonstrated rent growth and occupancy. The property offers upside potential for investors, supported by Brownwood downtown revitalization efforts and economic growth driven by data-center development in Abilene. The property benefits from an effective property tax rate of 0.6% with a low tax appraised value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -98.984181
    Latitude
    31.721241

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    FAQs

    What type of property is this?
    Apartment building - Turnkey, updated 10-unit property in the heart of Brownwood.
    Where is this apartment building located?
    The property is located at 401 Main St Brownwood, TX.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: - 100% Occupied with a Tenant Waitlist: Demonstrates strong demand.; - Recently Renovated with $124k in Improvements: Includes new HVAC, flooring, appliances, and parking lot.; - Prime Location on Main St: Offers excellent visibility and convenience to amenities.
    (855) 450-0442
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    401 Main St Brownwood, TX 76801
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    Brownwood, TX 76801
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    Realmo Value Estimation

    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.

    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.

    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
    401 Main St Brownwood, TX 76801
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