Multi-Family Investment
2826 Pine Street, Abilene, TX 79601
MULTI_FAMILY - Abilene, TX
Property size:
2,284 SFLot size:
0.25 AcresPrice / SF:
$94/SF- Added:
- Dec 29, 2025
- Days on Market:
- 156
- Last Refresh:
- Jun 3 at 5:06 pm
Property Features for 2826 Pine Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 2
- 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
- Carpet, Vinyl, Concrete
- Building materials
- Block
- Roof type
- Metal
Listing agent Mitch Barnett License #0574772 (325) 677-3500
Listing office Barnett & Hill Abilene, TX (325) 677-3500
Listing date Dec 29, 2025
MLS# 20453802
Listing URL
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.
HighLights
- Investment property with multiple income units: 800 SF 2BR/1BA rented for $750/mo through Oct 2024; 484 SF garage apartment rented for $475/mo through Mar 2024
- Includes 1,000 SF warehouse with a half bathroom rented for $600/mo on a month‑to‑month basis
- Shell below the garage apartment could be converted into an additional unit
- All units are separately metered
- 2BR unit includes refrigerator, stove, and stackable washer and dryer (convey)
- Block construction with metal roof; central heating and cooling plus window unit(s)
Overview
This unique investment property includes an approximately 800 SF 2-bedroom, 1-bath unit currently rented for $750 per month through October 2024. It also features an approximately 484 SF garage apartment rented for $475 per month through March 2024. In addition, there is an approximately 1,000 SF warehouse with a half bathroom, rented for $600 on a month-to-month basis. Below the garage apartment, a shell is available that could be converted into an additional unit, subject to buyer renovation and permitting requirements. All units are separately metered. The refrigerator, stove, and stackable washer and dryer in the 2-bedroom unit convey with the property.
Located at 2826 Pine Street in Abilene, Texas, the property is set on a small lot and is configured to support multiple revenue streams on one site.
This setup may appeal to investors looking for a diversified mix of rental housing and flexible warehouse income. The presence of a conversion-ready shell below the garage apartment adds potential for future value enhancement, while separate metering can simplify utility management across the different units and spaces.
Located at 2826 Pine Street in Abilene, Texas, the property is set on a small lot and is configured to support multiple revenue streams on one site.
This setup may appeal to investors looking for a diversified mix of rental housing and flexible warehouse income. The presence of a conversion-ready shell below the garage apartment adds potential for future value enhancement, while separate metering can simplify utility management across the different units and spaces.
Local Financial Insights For Apartment 5plus
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 | $33.7k | $14.76 |
| − Vacancy | −$1.9k | −$0.81 |
| EGI | $31.9k | $13.95 |
| − OpEx | −$14.3k | −$6.28 |
| NOI | $17.5k | $7.67 |
2,284 SF · lease $14.76/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$250.3K
$219.0K – $292.0K
NOI $17,522 @ 7.0% cap · market cap 8.15%
Second Best
Warehouse
$238.4K
$208.6K – $278.1K
NOI $16,686 @ 7.0% cap · market cap 7.76%
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 Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar Places Nearby
- Sitzes Self Storage — 1325 Hickory St, Abilene, TX 79601
Location Insight
- Map
- Local Demand
- City
- Abilene
- County
- Taylor
- State
- Texas
- Longitude
- -99.731556
- Latitude
- 32.484015
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Income-generating mix of apartments and a warehouse, with separately metered units and a potential conversion space.
Where is this warehouse 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 multiple income units: 800 SF 2BR/1BA rented for $750/mo through Oct 2024; 484 SF garage apartment rented for $475/mo through Mar 2024; Includes 1,000 SF warehouse with a half bathroom rented for $600/mo on a month‑to‑month basis; Shell below the garage apartment could be converted into an additional unit
