Separately Metered Multifamily Income
2826 Pine Street Abilene, TX 79601
2826 Pine Street, Abilene, TX, 79601
$215,000
For Sale
$215,000
MULTI_FAMILY - Abilene, TX
Property Size2,284 SF
Lot Size0.25 Acres
Price / SF$94.13
Days on Market204
Property Features for 2826 Pine Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3
- Parking
- 6
- Parking features
- Off Street, Carport
- Interior features
- HighSpeedInternet, CableTv
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 28352
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- NORTH PARK ADDN, BLOCK 18, LOT E140 S50 N150
- Tax Annual Amount
- 2185
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Carpet, Concrete
- Building materials
- Block
- Roof type
- Metal
Listing agency
Barnett & Hill
(325) 677-3500
Listed by
Mitch Barnett · License #0574772
(325) 677-3500
Added: Dec 29, 2025 Updated: Jul 17 at 1:44PM Checked: Jul 21 at 7:06AM
MLS# 20453802
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 investment property includes an 800 SF 2-bedroom, 1-bath unit currently rented for $750 per month through October 2024. It also has a 484 SF garage apartment rented for $475 per month through March 2024. In addition, there is a 1,000 SF warehouse with a half bathroom rented for $600 on a month-to-month basis. A shell below the garage apartment could be converted into an additional unit. All units are separately metered.
The 2-bedroom unit conveys with a refrigerator, stove, and stackable washer and dryer.
The property’s mix of separately metered living and warehouse space provides multiple independent income streams, with an opportunity to expand living area through conversion of the existing shell below the garage apartment.
The 2-bedroom unit conveys with a refrigerator, stove, and stackable washer and dryer.
The property’s mix of separately metered living and warehouse space provides multiple independent income streams, with an opportunity to expand living area through conversion of the existing shell below the garage apartment.
Key Highlights
- Investment property with 3 separately metered units: 2BR/1BA 800 SF unit, 484 SF garage apartment, and 1,000 SF warehouse with half bath
- Current income details include $750/month rent for the 800 SF 2BR/1BA unit through Oct 2024 and $475/month for the 484 SF garage apartment through Mar 2024
- 1,000 SF warehouse with half bathroom rented for $600/month on a month‑to‑month basis
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 | $18.9k | $8.29 |
2,284 SF · lease $12.60/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.5K
$236.7K – $315.6K
NOI $18,936 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$250.3K
$219.0K – $292.0K
NOI $17,522 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$509.9K
$446.2K – $594.9K
NOI $35,696 @ 7.0% cap · market cap 16.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Multiple income units include a 2-bedroom home, a garage apartment, and a warehouse, all separately metered.
Where is this triplex located?
The property is located at 2826 Pine Street Abilene, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Investment property with 3 separately metered units: 2BR/1BA 800 SF unit, 484 SF garage apartment, and 1,000 SF warehouse with half bath; Current income details include $750/month rent for the 800 SF 2BR/1BA unit through Oct 2024 and $475/month for the 484 SF garage apartment through Mar 2024; 1,000 SF warehouse with half bathroom rented for $600/month on a month‑to‑month basis
