Duplex With Rear
New
For Sale
$250,000
710 E North 13th Street, Abilene, TX 79601
Two-bedroom living areas flank shared central spaces, with a separate apartment and alley-served parking at the rear.
Property Size1,879 SF
Price / SF$133.05
Days on Market5
Property Features for 710 E North 13th Street
General Information
Standard status
Active
Size
1,879 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
needs a little TLC
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1948
Listing Agency:
Coldwell Banker Apex, REALTORS
(325) 690-4000
Listed By:
Rene Jensen · License #0588387
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 3:08PM
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
Investment Insights
Based on property information with market context.
This 1,879-square-foot duplex was built in 1948 and includes a four-bedroom, two-bathroom main residence arranged around central living, dining, and kitchen areas. Two bedrooms are positioned on each side of the house. A separate one-bedroom, one-bathroom apartment is located behind the main dwelling and has a tenant through the end of August. The property requires some TLC.
Front parking serves the four-bedroom residence, while the rear apartment has its own parking and private yard area reached from the alley. Alley access also supports trash service. The property is located at 710 E North 13th Street in Abilene, with ACU four blocks north and access to schools, businesses, and local amenities.
Front parking serves the four-bedroom residence, while the rear apartment has its own parking and private yard area reached from the alley. Alley access also supports trash service. The property is located at 710 E North 13th Street in Abilene, with ACU four blocks north and access to schools, businesses, and local amenities.
Key Highlights
- 1,879‑square‑foot duplex built in 1948
- Four‑bedroom, two‑bathroom main residence with central living, dining, and kitchen areas
- Separate one‑bedroom, one‑bathroom rear apartment
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
$15,578
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
6.23%
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%
$311,560
$311.6K
Cap Rate 7%
$222,543
$222.5K
Cap Rate 9%
$173,089
$173.1K
Market Conditions
NOI Build-Up for 1,879 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
$23.7K $12.60/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$22.3K $11.84/SF
− OpEx
−$6.7K −$3.55/SF
NOI
$15.6K $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%
$311,560
Cap Rate 7%
$222,543
Cap Rate 9%
$173,089
Alternative Uses
Best Use
Multifamily LT 5
$222.5K
$194.7K – $259.6K
NOI $15,578 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$205.9K
$180.2K – $240.3K
NOI $14,415 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$419.5K
$367.1K – $489.5K
NOI $29,367 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
334
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom living areas flank shared central spaces, with a separate apartment and alley-served parking at the rear.
Where is this duplex located?
The property is located at 710 E North 13th Street Abilene, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,879‑square‑foot duplex built in 1948; Four‑bedroom, two‑bathroom main residence with central living, dining, and kitchen areas; Separate one‑bedroom, one‑bathroom rear apartment
