Three-Unit Apartment
For Sale
$225,000
1711 N 3rd St, Abilene, TX 79603
Three one-bedroom apartments with in-unit laundry connections and a mix of central and window air conditioning.
Property Size2,288 SF
Price / SF$98.34
Days on Market47
Property Features for 1711 N 3rd St
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Cobb Park Area
Building Details
Year Built
1925
Listing Agency:
Absolute Real Estate Mgt.
Listed By:
Tammy Kister · License #0467463
(325) 669-6254
Source:
Tonyaharbin
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 30 at 6:56PM
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 Absolute Real Estate Mgt.
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Investment Insights
Based on property information with market context.
This triplex contains three one-bedroom, one-bath apartments within a 2,288-square-foot property built in 1925. Each unit includes washer and dryer connections, while two apartments are equipped with central air conditioning and the third uses window air conditioning. Appliances, including the washer and dryer, convey with the sale.
Two apartments provide access to a private backyard. The property is identified by the addresses 1711, 1715, and 1717 N 3rd St in Abilene, Texas. Its three-unit configuration supports an owner-occupancy arrangement with additional apartments available for leasing, or continued use as a multi-unit income property.
Two apartments provide access to a private backyard. The property is identified by the addresses 1711, 1715, and 1717 N 3rd St in Abilene, Texas. Its three-unit configuration supports an owner-occupancy arrangement with additional apartments available for leasing, or continued use as a multi-unit income property.
Key Highlights
- Three one‑bedroom, one‑bath apartments
- 2,288‑square‑foot triplex built in 1925
- Central air conditioning in two units; window unit in the third
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,969
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,380
$379.4K
Cap Rate 7%
$270,986
$271.0K
Cap Rate 9%
$210,767
$210.8K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$28.8K $12.60/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$27.1K $11.84/SF
− OpEx
−$8.1K −$3.55/SF
NOI
$19.0K $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 Rate 5%
$379,380
Cap Rate 7%
$270,986
Cap Rate 9%
$210,767
Alternative Uses
Best Use
Multifamily LT 5
$271.0K
$237.1K – $316.2K
NOI $18,969 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$250.7K
$219.4K – $292.5K
NOI $17,552 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$510.8K
$447.0K – $596.0K
NOI $35,759 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom apartments with in-unit laundry connections and a mix of central and window air conditioning.
Where is this triplex located?
The property is located at 1711 N 3rd St Abilene, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bath apartments; 2,288‑square‑foot triplex built in 1925; Central air conditioning in two units; window unit in the third
