Multifamily Investment
1401 Cottonwood Street Abilene, TX 79601
For Sale
$275,000
Five-unit residential income portfolio featuring three two-bedroom homes and two efficiency units, plus an included vacant lot.
Property Size2,728 SF
Lot Size0.67 Acres
Price / SF$100.81
Days on Market107
Property Features for 1401 Cottonwood Street
General Information
- Standard status
- Active
- Size
- 2,728 SF
- Lot size
- 0.67 Acres
- Property subtype
- Multi-Family / Multiple Single Units
Building Details
- Year Built
- 1927
Listing Agency:
KW SYNERGY*
(325) 899-4006
Listed By:
Zac Vines · License #0717554
(325) 899-4006
Source:
Compass
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 23 at 11:56AM
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 KW SYNERGY*
Investment Insights
Based on property information with market context.
This offering presents a five-unit residential income package comprising three two-bedroom homes and two efficiency units. The configuration provides a mix of unit sizes within a single investment portfolio.
The property is located at 1401 Cottonwood Street in Abilene, Texas. The package includes a large .67-acre tract with a vacant lot that may support value-add opportunities tied to the additional land.
For buyers looking for a straightforward, multi-unit residential purchase, this portfolio provides multiple unit types under one ownership structure, along with the added flexibility of an on-site vacant lot.
The property is located at 1401 Cottonwood Street in Abilene, Texas. The package includes a large .67-acre tract with a vacant lot that may support value-add opportunities tied to the additional land.
For buyers looking for a straightforward, multi-unit residential purchase, this portfolio provides multiple unit types under one ownership structure, along with the added flexibility of an on-site vacant lot.
Key Highlights
- 5‑unit residential income portfolio on a large .67‑acre tract
- Unit mix: three 2‑bedroom homes and two efficiency units
- Vacant lot included for potential value‑add
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $14.76 |
| − Vacancy | −$2.2k | −$0.81 |
| EGI | $38.1k | $13.95 |
| − OpEx | −$17.1k | −$6.28 |
| NOI | $20.9k | $7.67 |
2,728 SF · lease $14.76/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$299.0K
$261.6K – $348.8K
NOI $20,928 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$609.1K
$532.9K – $710.6K
NOI $42,635 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit residential income portfolio featuring three two-bedroom homes and two efficiency units, plus an included vacant lot.
Where is this apartment building located?
The property is located at 1401 Cottonwood Street Abilene, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 5‑unit residential income portfolio on a large .67‑acre tract; Unit mix: three 2‑bedroom homes and two efficiency units; Vacant lot included for potential value‑add
