Remodeled Triplex with Detached
For Sale
$385,000
1041 South 14th Street, Abilene, TX 79602
Three renovated residences combine a primary home with a separate two-level rental structure.
Property Size2,352 SF
Price / SF$163.69
Days on Market114
Property Features for 1041 South 14th Street
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
3
Property subtype
Multi-Family / Triplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR efficiency, 1 x 1BR
Multifamily Units
3
Amenities
Wall/Window Unit(s)
Electric
Laminate, Luxury Vinyl Plank
Dishwasher, Gas Range
Eat-in Kitchen, Granite Counters, High Speed Internet Available
No
Composition
Two
2
Pillar/Post/Pier, Slab
Assessor
3
Fiber Cement
Building Details
Year Built
1928
Year Renovated
2022
Buildings
2
Listing Agency:
Coldwell Banker Apex, REALTORS
(325) 864-5616
Listed By:
Colby Marcee · License #0828963
(325) 864-5616
Source:
Compass
Added: May 9
Changed: Aug 30
Last Checked: Aug 30 at 4:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
This triplex includes a primary residence and a detached duplex, creating three separate living units within 2,352 square feet. The main home provides three bedrooms and two bathrooms, while the secondary structure contains an upstairs two-bedroom efficiency-style unit and a downstairs one-bedroom unit. Each residence was remodeled in 2022, with updates extending across major systems and interior finishes.
Interior features include laminate and luxury vinyl plank flooring, granite countertops, an eat-in kitchen, a dishwasher, a gas range, and high-speed internet availability. Cooling is provided by wall/window units with electric service. The property was built in 1928, and all tenants occupy the units on month-to-month leases.
Interior features include laminate and luxury vinyl plank flooring, granite countertops, an eat-in kitchen, a dishwasher, a gas range, and high-speed internet availability. Cooling is provided by wall/window units with electric service. The property was built in 1928, and all tenants occupy the units on month-to-month leases.
Key Highlights
- Three‑unit triplex totaling 2,352 square feet
- All three units remodeled in 2022
- Main residence includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,500
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,000
$390.0K
Cap Rate 7%
$278,571
$278.6K
Cap Rate 9%
$216,667
$216.7K
Market Conditions
NOI Build-Up for 2,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.6K $12.60/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$27.9K $11.84/SF
− OpEx
−$8.4K −$3.55/SF
NOI
$19.5K $8.29/SF
Area
Abilene, TX
Vacancy
6.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,000
Cap Rate 7%
$278,571
Cap Rate 9%
$216,667
Alternative Uses
Best Use
Multifamily LT 5
$278.6K
$243.8K – $325.0K
NOI $19,500 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$257.8K
$225.5K – $300.7K
NOI $18,043 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$525.1K
$459.5K – $612.7K
NOI $36,759 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 79602, TX
25,389
Population
11,127
Households
2.3
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
121.7 sq mi
ZIP Area
209
Density / Sq Mi
$84,845
Median Household Income
$39,044
Median Earnings
$1,123
Median Rent
$233,000
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 renovated residences combine a primary home with a separate two-level rental structure.
Where is this triplex located?
The property is located at 1041 South 14th Street Abilene, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 2,352 square feet; All three units remodeled in 2022; Main residence includes 3 bedrooms and 2 bathrooms
