Two-Unit Brick
New
For Sale
$140,000
1126 Orange Street, Abilene, TX 79601
Separate entrances and in-unit laundry support independent living in each residence.
Property Size1,388 SF
Price / SF$100.86
Days on Market4
Property Features for 1126 Orange Street
General Information
Standard status
Active
Size
1,388 SF
Property subtype
Residential Income
Site & Location
Neighborhood
North College
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
laundry room
fenced backyard
Cable TV Available
Building Details
Building Size
1,388 SF
Year Built
1935
Buildings
1
Stories
1
Units
2
Construction
brick
Listing Agency:
Coldwell Banker Apex, REALTORS
Listed By:
Jacob Smith · License #0808542
(972) 208-8797
Source:
Divinepremierproperties
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 6:02PM
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
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Investment Insights
Based on property information with market context.
This 1,388-square-foot duplex contains two residences, each configured with one bedroom and one bathroom. Both units have separate entrances, laundry rooms, kitchens with cabinetry, and living areas finished with LVP flooring. The building has all-brick construction, and the fenced backyard provides shared outdoor space. The foundation was repaired by West Tech Foundation.
Built in 1935, the property is located at 1126 Orange Street in Abilene, Texas.
Built in 1935, the property is located at 1126 Orange Street in Abilene, Texas.
Key Highlights
- Two units, each with 1 bedroom and 1 bath
- 1,388 square feet; built in 1935
- All‑brick construction with a fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,508
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,160
$230.2K
Cap Rate 7%
$164,400
$164.4K
Cap Rate 9%
$127,867
$127.9K
Market Conditions
NOI Build-Up for 1,388 SF
Gross rent
$17.5K $12.60/SF
− Vacancy
−$1.0K −$0.76/SF
EGI
$16.4K $11.84/SF
− OpEx
−$4.9K −$3.55/SF
NOI
$11.5K $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%
$230,160
Cap Rate 7%
$164,400
Cap Rate 9%
$127,867
Alternative Uses
Best Use
Multifamily LT 5
$164.4K
$143.9K – $191.8K
NOI $11,508 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$152.1K
$133.1K – $177.5K
NOI $10,648 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$309.9K
$271.2K – $361.6K
NOI $21,693 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 79601, TX
26,515
Population
9,422
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
84%
High-School Grad
263.0 sq mi
ZIP Area
101
Density / Sq Mi
$54,515
Median Household Income
$24,704
Median Earnings
$988
Median Rent
$182,900
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and in-unit laundry support independent living in each residence.
Where is this duplex located?
The property is located at 1126 Orange Street Abilene, TX.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bath; 1,388 square feet; built in 1935; All‑brick construction with a fenced backyard
