Duplex Income
1901 Cedar Crest Drive Abilene, TX 79601
1901 Cedar Crest Drive, Abilene, TX, 79601
$297,000
For Sale
$297,000
MULTI_FAMILY - Abilene, TX
Property Size2,974 SF
Lot Size0.25 Acres
Price / SF$99.87
Days on Market71
Property Features for 1901 Cedar Crest Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking
- 2
- Parking features
- On Street
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 53633
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- ABILENE HEIGHTS, BLOCK 59, LOT 1
- Tax Annual Amount
- 3974
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- WoodSiding
- Roof type
- Composition
Listing agency
Epique Realty LLC
(512) 387-0722
Listed by
Robbie Johnson · License #B23811
(512) 387-0722
Added: May 13 Updated: Jul 17 at 1:45PM Checked: Jul 22 at 5:06AM
MLS# 21166995
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied duplex is structured as two separate, income-generating units, designed to support long-term rental demand. The main residence features four bedrooms and two full bathrooms, with original hardwood floors and a spacious layout that can appeal to shared-housing or student-oriented tenants. The second home is connected yet fully independent, with its own private entrance, two bedrooms, two full bathrooms, a living area, and a kitchen, functioning as a self-contained unit.
The property sits on a large corner lot, providing an additional layer of flexibility for future value. It is located in Abilene, Texas, just minutes from Abilene Christian University, a factor the current ownership highlights as a driver of consistent rental demand.
For investors and buyers looking for an income-focused acquisition, the two-unit configuration supports diversification within a single property. With both units already producing rent, the duplex is positioned as a straightforward addition to an existing portfolio or as a starting point for building a repeatable rental strategy. The combination of independent entrances and two separate floorplans also offers practical appeal for tenants who prefer privacy while still benefiting from a residential setting.
The property sits on a large corner lot, providing an additional layer of flexibility for future value. It is located in Abilene, Texas, just minutes from Abilene Christian University, a factor the current ownership highlights as a driver of consistent rental demand.
For investors and buyers looking for an income-focused acquisition, the two-unit configuration supports diversification within a single property. With both units already producing rent, the duplex is positioned as a straightforward addition to an existing portfolio or as a starting point for building a repeatable rental strategy. The combination of independent entrances and two separate floorplans also offers practical appeal for tenants who prefer privacy while still benefiting from a residential setting.
Key Highlights
- Fully occupied, income‑producing property with 2 separate revenue‑generating units
- Main residence features 4 bedrooms and 2 full bathrooms with original hardwood floors
- Additional unit is self‑contained with its own private entrance, 2 bedrooms, 2 full bathrooms, living area, and kitchen
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 | $37.5k | $12.60 |
| − Vacancy | −$2.2k | −$0.76 |
| EGI | $35.2k | $11.84 |
| − OpEx | −$10.6k | −$3.55 |
| NOI | $24.7k | $8.29 |
2,974 SF · lease $12.60/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.2K
$308.2K – $411.0K
NOI $24,657 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$325.9K
$285.2K – $380.3K
NOI $22,815 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$664.0K
$581.0K – $774.7K
NOI $46,480 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully occupied duplex with two independent units, offering steady rental income for investors seeking yield and tenant stability.
Where is this duplex located?
The property is located at 1901 Cedar Crest Drive Abilene, TX.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: Fully occupied, income‑producing property with 2 separate revenue‑generating units; Main residence features 4 bedrooms and 2 full bathrooms with original hardwood floors; Additional unit is self‑contained with its own private entrance, 2 bedrooms, 2 full bathrooms, living area, and kitchen
