Multifamily Income Property with STR
For Sale
Contact for pricing
749 E N 10th St, Abilene, TX 79601
For sale at 749 E N 10th St, with Building 749 targeted for converting five units to short-term rentals.
Property Size18,100 SF
Days on Market77
Property Features for 749 E N 10th St
General Information
Standard status
Active
Size
18,100 SF
Property subtype
Multifamily
Occupancy
100%
Amenities
Economic Growth: The Stargate AI data center and Dyess AFB B-21 modernization are driving a surge of high-demand workers, fueling sustained regional growth and long-term housing needs.
Tight Housing Market: Rapidly expanding workforce demand has outpaced supply, resulting in historic low vacancies and sustained rent growth, ensuring strong occupancy and revenue potential.
Premium Quality & Yield: Interiors renovated in 2025, Radford Hills blends modern finishes with mid-century charm. It offers immediate, stable income with a cash-on-cash yield exceeding 9%.
Strategic STR Upside: Converting Building 749 to STRs adds $70K in annual revenue and $800K in value. This strategy boosts returns to the high teens, significantly outperforming long-term leases.
Building Details
Building Size
18,100 SF
Units
22
Listing Agency:
Dallas Office
Listed By:
Richard Robson · License #License(s): TX: 692631
(972) 755-5173
Source:
Marcusmillichap
Added: Jun 23
Changed: Aug 8
Last Checked: Sep 7 at 4:45AM
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 Dallas Office
Investment Insights
Based on property information with market context.
Radford Hills is a multifamily income property offered for sale at 749 E N 10th St in Abilene, Texas. The offering highlights Building 749 as the focus for an operational optimization strategy, including converting five units to short-term rentals.
The property’s current performance is described as delivering an attractive cash-on-cash yield exceeding 9%, with the remarks outlining additional income projections tied to the unit conversions. The same materials also discuss expected value creation through higher net operating income as the renovation and transition strategy progresses.
The broader local demand backdrop cited in the remarks includes sustained employment supported by Dyess Air Force Base and the regional healthcare system, along with anticipated economic momentum tied to major infrastructure activity such as the upcoming Stargate AI data center.
The property’s current performance is described as delivering an attractive cash-on-cash yield exceeding 9%, with the remarks outlining additional income projections tied to the unit conversions. The same materials also discuss expected value creation through higher net operating income as the renovation and transition strategy progresses.
The broader local demand backdrop cited in the remarks includes sustained employment supported by Dyess Air Force Base and the regional healthcare system, along with anticipated economic momentum tied to major infrastructure activity such as the upcoming Stargate AI data center.
Key Highlights
- For sale at 749 E N 10th St, with Building 749 part of a value‑add plan.
- Building 749 targeted for converting five units into short‑term rentals (STRs).
- Projected incremental income of about $1,000 per converted unit per month for the STR conversions.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
876
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - For sale at 749 E N 10th St, with Building 749 targeted for converting five units to short-term rentals.
Where is this short term rental property located?
The property is located at 749 E N 10th St Abilene, TX.
What are key features of this property?
This property features: For sale at 749 E N 10th St, with Building 749 part of a value‑add plan.; Building 749 targeted for converting five units into short‑term rentals (STRs).; Projected incremental income of about $1,000 per converted unit per month for the STR conversions.
