Three-Unit Residential Income
1711 North 3rd Street Abilene, TX 79603
1711 North 3rd Street, Abilene, TX, 79603
$225,000
For Sale
$225,000
Triplex with three one-bedroom, one-bath apartments, including washer/dryer connections and appliances conveying with the sale.
Property Size2,288 SF
Price / SF$98.34
Days on Market63
Property Features for 1711 North 3rd Street
General Information
- Standard status
- Active
- Size
- 2,288 SF
- Property subtype
- Multi-Family / Triplex
Building Details
- Year Built
- 1925
Listing agency
Absolute Real Estate Mgt.
(325) 307-5697
Listed by
Tammy Kister · License #0467463
(325) 307-5697
Source
Compass
Added: May 21 Updated: Jul 21 at 10:59AM Checked: Jul 21 at 10:59AM
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.
Investment Insights
Based on property information with market context.
This for-sale triplex includes three one-bedroom, one-bath apartments. Each unit has washer/dryer connections, and the washer, dryer, and appliances convey with the sale. Two units have central air conditioning, while the third uses window air conditioning. Two of the apartments provide access to a private backyard, and all three units have been freshened up to various degrees.
The property is located at 1711 North 3rd Street, with addresses also listed as 1715 and 1717 N 3rd St. Buyer and buyer’s agent should verify any information important to them, including square footage, school districts, utility availability, and insurance costs, as well as any other items they deem necessary.
The property is located at 1711 North 3rd Street, with addresses also listed as 1715 and 1717 N 3rd St. Buyer and buyer’s agent should verify any information important to them, including square footage, school districts, utility availability, and insurance costs, as well as any other items they deem necessary.
Key Highlights
- Triplex with three one‑bedroom, one‑bath apartments at 1711, 1715, and 1717 N 3rd St
- Two units have central air; the third has window A/C
- All three units include washer/dryer connections
Local Financial Insights For Multifamily LT 5
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 | $28.8k | $12.60 |
| − Vacancy | −$1.7k | −$0.76 |
| EGI | $27.1k | $11.84 |
| − OpEx | −$8.1k | −$3.55 |
| NOI | $19.0k | $8.29 |
2,288 SF · lease $12.60/SF/yr · vacancy 6.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three one-bedroom, one-bath apartments, including washer/dryer connections and appliances conveying with the sale.
Where is this triplex located?
The property is located at 1711 North 3rd Street 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: Triplex with three one‑bedroom, one‑bath apartments at 1711, 1715, and 1717 N 3rd St; Two units have central air; the third has window A/C; All three units include washer/dryer connections
