Triplex with Private
For Sale
$525,000
1107 Vine St, Abilene, TX 79602
Three month-to-month rental units offer updated finishes, enclosed outdoor areas, and dedicated parking.
Property Size1,958 SF
Price / SF$268.13
Days on Market35
Property Features for 1107 Vine St
General Information
Standard status
Active
Size
1,958 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/2BA, 1 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Building Details
Year Built
2021
Listing Agency:
Real Broker, LLC
(512) 960-3253
Listed By:
Tonya Harbin · License #0565908
Source:
Tonyaharbin
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 29 at 11:59AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Built in 2021, this 1,958-square-foot triplex contains three rental residences with varied layouts. The corner unit includes one bedroom, two full bathrooms, luxury vinyl plank flooring, painted cabinetry, granite countertops, and stainless steel appliances. Its rear living room has a full bathroom and kitchenette. A second residence provides one bedroom and one bathroom, while the third offers two bedrooms and two bathrooms with luxury vinyl plank flooring and updated kitchen finishes.
Each unit has a private yard enclosed by a 6-foot privacy fence. Parking includes four open spaces at the front and two detached carports providing room for four additional vehicles. The property is located at 1107 Vine St in Abilene, Texas, and all current tenants occupy the units under month-to-month leases.
Each unit has a private yard enclosed by a 6-foot privacy fence. Parking includes four open spaces at the front and two detached carports providing room for four additional vehicles. The property is located at 1107 Vine St in Abilene, Texas, and all current tenants occupy the units under month-to-month leases.
Key Highlights
- Three‑unit property totaling 1,958 square feet
- Built in 2021
- Unit mix includes one 1‑bedroom/2‑bath unit, one 1‑bedroom/1‑bath unit, and one 2‑bedroom/2‑bath unit
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
$16,233
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
3.09%
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%
$324,660
$324.7K
Cap Rate 7%
$231,900
$231.9K
Cap Rate 9%
$180,367
$180.4K
Market Conditions
NOI Build-Up for 1,958 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
$24.7K $12.60/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$23.2K $11.84/SF
− OpEx
−$7.0K −$3.55/SF
NOI
$16.2K $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%
$324,660
Cap Rate 7%
$231,900
Cap Rate 9%
$180,367
Alternative Uses
Best Use
Multifamily LT 5
$231.9K
$202.9K – $270.6K
NOI $16,233 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$214.6K
$187.8K – $250.4K
NOI $15,021 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$437.2K
$382.5K – $510.0K
NOI $30,601 @ 7.0% cap · market cap 5.83%
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
673
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 month-to-month rental units offer updated finishes, enclosed outdoor areas, and dedicated parking.
Where is this triplex located?
The property is located at 1107 Vine St Abilene, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three‑unit property totaling 1,958 square feet; Built in 2021; Unit mix includes one 1‑bedroom/2‑bath unit, one 1‑bedroom/1‑bath unit, and one 2‑bedroom/2‑bath unit
