Building Details

Year Built 2021

Listing Agency: Real Broker, LLC

Listed By: Tonya Harbin · License #0565908 Show Phone

Source: Tonyaharbin

Added: Jul 26 Changed: Oct 6 Last Checked: Oct 5 at 8:58PM

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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.

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 / Yr

$16,233

Cap Rate

3.28%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $16,233 @ 7.0% cap · market cap 3.28%

Second Best

Apartment 5plus

$214.6K

$187.8K – $250.4K (±1% cap)

NOI $15,021 @ 7.0% cap · market cap 3.03%

Theoretical Best

Office A

$437.2K

$382.5K – $510.0K (±1% cap)

NOI $30,601 @ 7.0% cap · market cap 6.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Acupuncture Nursing Home Florist (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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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 $495,000.

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