Cash-Flowing Downtown Brownwood Apartment
401 Main Street, Brownwood, TX 76801
Apartment - Brownwood, TX
Type:Apartment
Property size:
7,140 SFLot size:
0.49 AcresPrice / SF:
$125/SF- Added:
- Apr 13, 2026
- Days on Market:
- 34
- Last Refresh:
- May 16 at 1:06 am
Property Features for 401 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 20
- Bathrooms
- 10
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 20
- Parking features
- Paved or Surfaced
- Interior features
- Open Floorplan
- Fireplace
- 1
- Appliances
- Cooktop, Cooktop - Electric, Dishwasher, Refrigerator, Refrigerator - Built-in, Washer
- Standard status
- Active
- APN
- 000000055806
- Size
- 7,140 SF
- 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
Listing agent Maxim Son License #0817026 (855) 450-0442
Listing office Real Broker, LLC 2626 Cole Avenue, Dallas, TX (855) 450-0442
Listing date Apr 13, 2026
MLS# 21129647
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
- 100% Occupied with Tenant Waitlist: Demonstrates strong demand and immediate cash flow.
- Prime Downtown Location: Offers excellent visibility, tenant convenience, and proximity to amenities and Howard Payne University.
- Recent Renovations: Over $120k in improvements including new parking lot, LVP flooring, and appliances.
- Low Maintenance: Features copper wiring, mostly updated PVC plumbing, and new roofs to be installed by seller.
- Upside Potential: Benefit from Brownwood's downtown revitalization and economic growth from Abilene data‑center development.
- Low Property Taxes: Enjoy an effective property tax rate of 0.6%.
Overview
Located in the heart of downtown Brownwood, this 100% occupied, cash-flowing property features 10 units within five identical buildings, totaling 7,140 rentable square feet. Situated on a 0.489-acre lot on Main Street, the property offers high visibility and convenient access to downtown Brownwood. It is a short walk to Howard Payne University and a short drive to Hendrick Medical Center. Recent improvements include a new parking lot, LVP flooring, and appliances. The property also features copper wiring and updated PVC plumbing. Each unit has an identical layout with two bedrooms, one bathroom, and 720 square feet, including a full appliance package with a dishwasher and washer-dryer hookups. All utilities are separately metered and paid by tenants. The property is 100% occupied with a tenant waitlist and has demonstrated strong rent growth and occupancy due to its location. The property offers upside potential for investors, supported by downtown revitalization efforts and economic growth from data-center development in Abilene. The property has an effective property tax rate of 0.6%. The seller will install new roofs on all five buildings before closing.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brownwood
- County
- Brown
- State
- Texas
- Longitude
- -98.984181
- Latitude
- 31.721241
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 10-unit apartment building in downtown Brownwood, 100% occupied.
Where is this apartment building located?
The property is located at 401 Main Street Brownwood, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 100% Occupied with Tenant Waitlist: Demonstrates strong demand and immediate cash flow.; Prime Downtown Location: Offers excellent visibility, tenant convenience, and proximity to amenities and Howard Payne University.; Recent Renovations: Over $120k in improvements including new parking lot, LVP flooring, and appliances.
