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Three-Unit Residential Income Property

1018 Merchant Street Abilene, TX 79603

New
1018 Merchant Street, Abilene, TX, 79603
$250,000
For Sale
Under Contract
Claim this Listing
$250,000

MULTI_FAMILY - Abilene, TX

Lot Size0.22 Acres
AddedJul 13
Days on Market3
Last RefreshJul 15 at 9:06 pm

Property Features for 1018 Merchant Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 1
Parking
4
Parking features
Driveway
Interior features
CableTv
Standard status
Active Under Contract
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
Central, Electric (Heating)
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

Listing agent Chad Chaney License #0588387

Listing office Coldwell Banker Apex, REALTORS Plano, TX

Listing date Jul 13, 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.


Investment Insights

Based on property information with market context.

This tri-plex offers three separate residential units under one roof, configured as one 3-bedroom, 1-bath home with parking in the front, along with two additional 2-bedroom, 1-bath units. Access to the two rear units is provided via the alley, creating a practical separation of entry points for the property’s layout. The property is currently income producing, with leases in place on a month-to-month basis.

The building is located at 1018 Merchant Street in Abilene, Texas. The site supports a straightforward arrangement of front parking for the primary unit and alley access for the two rear units, which can help simplify day-to-day vehicle and tenant access.

For investors seeking a small residential income asset, this property’s current occupancy and month-to-month lease structure may offer flexibility for future rent management. Tenants or owner-occupants may also find value in the live-in-and-rent arrangement potential created by the mix of unit sizes, including a larger 3-bedroom unit paired with two 2-bedroom units.

Key Highlights

  • Tri‑plex for sale with three separate units: 1x 3BR/1BA and 2x 2BR/1BA units
  • Front unit has parking with access from Merchant; the two 2BR/1BA units are accessed by the alley
  • Currently income producing with leases on a month‑to‑month basis

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Computer & Electronic Repair (Bike/Boat/Book/etc) Store Locksmith Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Storage Facility

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

FAQs

What type of property is this?
Triplex - Income-producing tri-plex with front parking and alley-accessed units, available with month-to-month leases.
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: Tri‑plex for sale with three separate units: 1x 3BR/1BA and 2x 2BR/1BA units; Front unit has parking with access from Merchant; the two 2BR/1BA units are accessed by the alley; Currently income producing with leases on a month‑to‑month basis
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