Triplex with Flexible
For Sale
$250,000
Pending
1018 Merchant Street, Abilene, TX 79603
ResidentialIncome, Abilene, TX
Property SizeContact for details
Lot Size0.22 Acres
Days on Market50
Property Features for 1018 Merchant Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 4
Parking
4
Parking features
Driveway
Interior features
CableTv
Subdivision
Lakeside Add
Lot features
Interior Lot
Elementary school
Martinez
Middle school
Craig
High school
Abilene
Elementary school district
Abilene ISD
Middle school district
Abilene ISD
High school district
Abilene ISD
Directions
From S. 1st and Grape: Drive NORTH on Grape to N. 10th. Turn LEFT on N. 10th. Turn RIGHT on Merchant. 1018 Merchant is on the left. 1020 and 1022 Merchant are in the alley to the West.
Standard status
Pending
APN
39954
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
LAKESIDE ADDN, BLOCK 2, LOT 4
Tax Annual Amount
3975
Legal Description
LAKESIDE ADDN, BLOCK 2, LOT 4
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1946
Floors in Building
1
Number of units
3
Building materials
Frame
Roof type
Composition
Listing Agency:
Coldwell Banker Apex, REALTORS
(325) 690-4000
Listed By:
Chad Chaney · License #0588387
(972) 208-8797
Added: Jul 17
Changed: Sep 3
Last Checked: Sep 4 at 9:06AM
MLS# 21286246
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.
Investment Insights
Based on property information with market context.
This 1946 frame triplex consists of three separate residences on a 0.22-acre parcel. The front dwelling provides three bedrooms and one bathroom, while the two rear apartments each offer two bedrooms and one bathroom. All three units are occupied under month-to-month leases, allowing the property to continue operating with existing occupancy while retaining flexibility for future plans.
The property includes 1018, 1020, and 1022 Merchant Street in Abilene, with the front residence oriented toward Merchant Street and the rear units reached from the alley. Improvements include central air, electric heating, a composition roof, public water, public sewer, and driveway parking. Showings are available by appointment, and tenants should not be disturbed.
The property includes 1018, 1020, and 1022 Merchant Street in Abilene, with the front residence oriented toward Merchant Street and the rear units reached from the alley. Improvements include central air, electric heating, a composition roof, public water, public sewer, and driveway parking. Showings are available by appointment, and tenants should not be disturbed.
Key Highlights
- Three‑unit configuration with one 3‑bedroom home and two 2‑bedroom apartments
- All units occupied and leased month‑to‑month
- 0.22‑acre parcel with improvements dating to 1946
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 79603, TX
23,746
Population
9,960
Households
2.4
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
59.2 sq mi
ZIP Area
401
Density / Sq Mi
$53,579
Median Household Income
$32,339
Median Earnings
$1,022
Median Rent
$114,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three month-to-month leased residences combine a front home with two rear apartments.
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: Three‑unit configuration with one 3‑bedroom home and two 2‑bedroom apartments; All units occupied and leased month‑to‑month; 0.22‑acre parcel with improvements dating to 1946
