Furnished Short-Term Rental
2301 Barrow St, Abilene, TX 79605
For Sale
New
$489,900
Two renovated units are furnished and operating as a short-term rental, with appliances and laundry equipment included.
Property Size2,994 SF
Price / SF$163.63
Days on Market4
Property Features for 2301 Barrow St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Business Included
Currently Operating
Amenities
washer and dryer in each unit
fence
Building Details
Year Built
Listing Agency:
Real Broker, LLC
Listed By:
Tonya Harbin · License #0565908
(325) 603-3550
Source:
Findtexashomesforsale
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:38AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 2,994-square-foot duplex contains two furnished units configured for short-term rental use. The first has three bedrooms and one bathroom; the second includes four bedrooms, two bathrooms, and a dedicated office. Both units have been renovated, with updated bathrooms, granite countertops, and fresh paint. Each unit also includes a washer and dryer, and furnishings, bedding, and appliances are part of the sale.
Built in 1959, the property has a new fence. It is located at 2301 Barrow St in Abilene, Texas.
Built in 1959, the property has a new fence. It is located at 2301 Barrow St in Abilene, Texas.
Key Highlights
- Two‑unit duplex totaling 2,994 square feet
- Unit 1: 3 bedrooms and 1 bathroom
- Unit 2: 4 bedrooms, 2 bathrooms, and a dedicated office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,823
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,460
$496.5K
Cap Rate 7%
$354,614
$354.6K
Cap Rate 9%
$275,811
$275.8K
Market Conditions
NOI Build-Up for 2,994 SF
Gross rent
$37.7K $12.60/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$35.5K $11.84/SF
− OpEx
−$10.6K −$3.55/SF
NOI
$24.8K $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%
$496,460
Cap Rate 7%
$354,614
Cap Rate 9%
$275,811
Alternative Uses
Best Use
Multifamily LT 5
$354.6K
$310.3K – $413.7K
NOI $24,823 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$328.1K
$287.1K – $382.8K
NOI $22,969 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$668.5K
$584.9K – $779.9K
NOI $46,793 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Explore this area
Business Placement
Demographics for 79605, TX
30,239
Population
12,795
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,749
Density / Sq Mi
$59,565
Median Household Income
$33,537
Median Earnings
$1,077
Median Rent
$159,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Abilene, TX
Properties on Market for Duplexes in Abilene
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated units are furnished and operating as a short-term rental, with appliances and laundry equipment included.
Where is this duplex located?
The property is located at 2301 Barrow St Abilene, TX.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,994 square feet; Unit 1: 3 bedrooms and 1 bathroom; Unit 2: 4 bedrooms, 2 bathrooms, and a dedicated office
