Updated Two-Unit
For Sale
$179,500
2034 N 14th Street, Abilene, TX 79603
Two residential units offer spacious rooms, included appliances, and separate heating and cooling features.
Property Size1,806 SF
Price / SF$99.39
Days on Market28
Property Features for 2034 N 14th Street
General Information
Standard status
Active
Size
1,806 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1937
Buildings
1
Listing Agency:
RE/MAX DFW Associates
(469) 789-6769
Listed By:
Fritz Realty Group
(469) 789-6769
Source:
Fritzrealtygroup
Added: Aug 2
Changed: Aug 28
Last Checked: Aug 29 at 9:00AM
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 RE/MAX DFW Associates
Investment Insights
Based on property information with market context.
This 1,806-square-foot duplex contains two residential units, each arranged with two bedrooms and one bathroom. Both sides feature spacious rooms, a refrigerator, a stove, wall heat, and window AC units. Paint and flooring updates were completed in each unit before occupancy.
Constructed in 1937, the property occupies a double corner lot at 2034 N 14th Street in Abilene, Texas. The additional lot area provides outdoor space beyond the building footprint, while the two-unit configuration supports separate residential living arrangements.
Constructed in 1937, the property occupies a double corner lot at 2034 N 14th Street in Abilene, Texas. The additional lot area provides outdoor space beyond the building footprint, while the two-unit configuration supports separate residential living arrangements.
Key Highlights
- Two‑unit duplex with 1,806 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Refrigerator and stove provided in both units
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
$14,973
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
8.34%
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%
$299,460
$299.5K
Cap Rate 7%
$213,900
$213.9K
Cap Rate 9%
$166,367
$166.4K
Market Conditions
NOI Build-Up for 1,806 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
$22.8K $12.60/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$21.4K $11.84/SF
− OpEx
−$6.4K −$3.55/SF
NOI
$15.0K $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%
$299,460
Cap Rate 7%
$213,900
Cap Rate 9%
$166,367
Alternative Uses
Best Use
Multifamily LT 5
$213.9K
$187.2K – $249.6K
NOI $14,973 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$197.9K
$173.2K – $230.9K
NOI $13,855 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$403.2K
$352.8K – $470.4K
NOI $28,226 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 79603, TX
23,746
Population
9,960
Households
2.4
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
59.2 sq mi
ZIP Area
401
Density / Sq Mi
$53,579
Median Household Income
$32,339
Median Earnings
$1,022
Median Rent
$114,000
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?
Duplex - Two residential units offer spacious rooms, included appliances, and separate heating and cooling features.
Where is this duplex located?
The property is located at 2034 N 14th Street Abilene, TX.
What is the asking price?
The asking price for this property is $179,500.
What are key features of this property?
This property features: Two‑unit duplex with 1,806 square feet; Each unit includes 2 bedrooms and 1 bathroom; Refrigerator and stove provided in both units
