Two-Unit Duplex with Fenced
New
For Sale
$250,000
2328 Ave D, Abilene, TX 79601
One residence is occupied, while the second is vacant and available for leasing.
Property Size1,934 SF
Price / SF$129.27
Days on Market7
Property Features for 2328 Ave D
General Information
Standard status
Active
Size
1,934 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fenced yard
private entrance
ceiling fans
hardwood flooring
bay window
private driveway
plush carpet
utility room with washer and dryer connections
mature shade trees
central air
window units
attached carport
Building Details
Year Built
1953
Buildings
1
Listing Agency:
Village Real Estate
Listed By:
Charlie Thyne charliethyneassistant@gmail.com
Source:
Divinerealtygrp
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 12 at 8:32PM
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 Village Real Estate
Investment Insights
Based on property information with market context.
Built in 1953, this 1,934-square-foot duplex contains two separate residences, each with two bedrooms, one bathroom, a living room, dining area, kitchen, and private entrance. The units have distinct interior features: one includes hardwood floors, a bay window, and a private driveway; the other has carpet and washer and dryer connections. Central air is supplemented by window units.
The property occupies a corner lot with fenced yards and mature shade trees. Parking includes an attached two-car carport and additional driveway space. Abilene Christian University is two blocks away, with shopping, dining, major employers, and highway access also noted nearby.
One unit is occupied by a long-term tenant, and the other is vacant. The property offers two distinct rental units with separate entrances and outdoor areas.
The property occupies a corner lot with fenced yards and mature shade trees. Parking includes an attached two-car carport and additional driveway space. Abilene Christian University is two blocks away, with shopping, dining, major employers, and highway access also noted nearby.
One unit is occupied by a long-term tenant, and the other is vacant. The property offers two distinct rental units with separate entrances and outdoor areas.
Key Highlights
- Two 2‑bedroom, 1‑bath residences; 1,934 square feet total
- One unit is occupied by a long‑term tenant; the second unit is vacant
- Two blocks from Abilene Christian University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,034
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,680
$320.7K
Cap Rate 7%
$229,057
$229.1K
Cap Rate 9%
$178,156
$178.2K
Market Conditions
NOI Build-Up for 1,934 SF
Gross rent
$24.4K $12.60/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$22.9K $11.84/SF
− OpEx
−$6.9K −$3.55/SF
NOI
$16.0K $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%
$320,680
Cap Rate 7%
$229,057
Cap Rate 9%
$178,156
Alternative Uses
Best Use
Multifamily LT 5
$229.1K
$200.4K – $267.2K
NOI $16,034 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$212.0K
$185.5K – $247.3K
NOI $14,837 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$431.8K
$377.8K – $503.8K
NOI $30,226 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 79601, TX
26,515
Population
9,422
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
84%
High-School Grad
263.0 sq mi
ZIP Area
101
Density / Sq Mi
$54,515
Median Household Income
$24,704
Median Earnings
$988
Median Rent
$182,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, while the second is vacant and available for leasing.
Where is this duplex located?
The property is located at 2328 Ave D Abilene, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath residences; 1,934 square feet total; One unit is occupied by a long‑term tenant; the second unit is vacant; Two blocks from Abilene Christian University
