Two-Unit Duplex with Detached
For Sale
$200,000
707 E North 12th St, Abilene, TX 79601
Two separately fenced residences include tiled living areas, carpeted bedrooms, and access to a detached garage.
Property Size1,516 SF
Price / SF$131.93
Days on Market9
Property Features for 707 E North 12th St
General Information
Standard status
Active
Size
1,516 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$21,300
Building Details
Year Built
1959
Listing Agency:
Barnett & Hill
Listed By:
John Hill · License #0627718
(325) 677-3500
Source:
Tonyaharbin
Added: Aug 30
Changed: Aug 31
Last Checked: Sep 6 at 12:16PM
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 Barnett & Hill
Investment Insights
Based on property information with market context.
Built in 1959, this duplex contains two distinct residences: a 1-bedroom, 1-bath unit measuring 649 square feet and a 2-bedroom, 1-bath unit measuring 914 square feet. Both apartments have neutral ceramic tile in common areas and carpet in the bedrooms. Each unit has a separate fenced area, and a detached two-car garage is positioned at the rear of the property.
The property is within easy walking distance of the ACU campus. The 1-bedroom unit is leased through 9-30-2026, while the 2-bedroom unit is leased through 6-30-2027. The combined unit area totals 1,516 square feet, offering a compact two-residence configuration with an existing lease profile and dedicated outdoor space for each occupant.
The property is within easy walking distance of the ACU campus. The 1-bedroom unit is leased through 9-30-2026, while the 2-bedroom unit is leased through 6-30-2027. The combined unit area totals 1,516 square feet, offering a compact two-residence configuration with an existing lease profile and dedicated outdoor space for each occupant.
Key Highlights
- Two‑unit duplex with 1‑bedroom and 2‑bedroom residences
- 1‑bedroom, 1‑bath unit measures 649 SF
- 2‑bedroom, 1‑bath unit measures 914 SF
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
$12,569
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
6.28%
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%
$251,380
$251.4K
Cap Rate 7%
$179,557
$179.6K
Cap Rate 9%
$139,656
$139.7K
Market Conditions
NOI Build-Up for 1,516 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
$19.1K $12.60/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.0K $11.84/SF
− OpEx
−$5.4K −$3.55/SF
NOI
$12.6K $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%
$251,380
Cap Rate 7%
$179,557
Cap Rate 9%
$139,656
Alternative Uses
Best Use
Multifamily LT 5
$179.6K
$157.1K – $209.5K
NOI $12,569 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$166.1K
$145.4K – $193.8K
NOI $11,630 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$338.5K
$296.2K – $394.9K
NOI $23,693 @ 7.0% cap · market cap 11.85%
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 separately fenced residences include tiled living areas, carpeted bedrooms, and access to a detached garage.
Where is this duplex located?
The property is located at 707 E North 12th St Abilene, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑unit duplex with 1‑bedroom and 2‑bedroom residences; 1‑bedroom, 1‑bath unit measures 649 SF; 2‑bedroom, 1‑bath unit measures 914 SF
