Three-Unit
New
For Sale
$210,000
1118 N 11th St, Abilene, TX 79602
Three one-bedroom residences include two under one roof and a separate standalone unit.
Property Size1,982 SF
Price / SF$105.95
Days on Market7
Property Features for 1118 N 11th St
General Information
Standard status
Active
Size
1,982 SF
Property subtype
Residential Income
Site & Location
Neighborhood
North College
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Additional Details
Average Monthly Rent
$950
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,236
Listing Agency:
Absolute Real Estate Mgt.
Listed By:
Tammy Kister · License #0467463
(325) 307-5697
Source:
Exprealty
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 4 at 6:14PM
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 Absolute Real Estate Mgt.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,982-square-foot triplex contains three one-bedroom units. Two are located under one roof, while the third is a standalone residence. The owner pays water and gas expenses for the two units under one roof.
The property has been professionally managed for several years. Leases expire in July and September 2027.
The property has been professionally managed for several years. Leases expire in July and September 2027.
Key Highlights
- Three one‑bedroom units across a triplex
- 1,982 square feet
- Two units share a roof; the third is a standalone unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,432
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,640
$328.6K
Cap Rate 7%
$234,743
$234.7K
Cap Rate 9%
$182,578
$182.6K
Market Conditions
NOI Build-Up for 1,982 SF
Gross rent
$25.0K $12.60/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$23.5K $11.84/SF
− OpEx
−$7.0K −$3.55/SF
NOI
$16.4K $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%
$328,640
Cap Rate 7%
$234,743
Cap Rate 9%
$182,578
Alternative Uses
Best Use
Multifamily LT 5
$234.7K
$205.4K – $273.9K
NOI $16,432 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$217.2K
$190.1K – $253.4K
NOI $15,205 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$442.5K
$387.2K – $516.3K
NOI $30,976 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
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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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences include two under one roof and a separate standalone unit.
Where is this triplex located?
The property is located at 1118 N 11th St Abilene, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Three one‑bedroom units across a triplex; 1,982 square feet; Two units share a roof; the third is a standalone unit
