Remodeled Triplex with Detached
For Sale
$380,000
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$161.56
Days on Market273
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
Listed By:
Colby Marcee · License #0828963
(325) 864-5616
Source:
Compass
Added: Jan 15
Changed: Oct 14
Last Checked: Oct 15 at 2:01AM
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 / Yr
$19,500
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
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
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 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 5.13%
Second Best
Apartment 5plus
$257.8K
$225.5K – $300.7K
NOI $18,043 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$525.1K
$459.5K – $612.7K
NOI $36,759 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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 $380,000.
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
