Newly Built Duplex with
For Sale
$429,990
Pending
302 Colorado, Abilene, TX 79601
Open-concept living areas and a two-car garage support comfortable residential use in this newly built duplex.
Property Size2,291 SF
Days on Market53
Property Features for 302 Colorado
General Information
Standard status
Pending
Size
2,291 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
Modern Day Living RE LLC
Listed By:
Hatti Day · License #0718842
(325) 901-4238
Source:
Tylerhomeguide
Added: Aug 31
Changed: Oct 15
Last Checked: Oct 20 at 10:09PM
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 Modern Day Living RE LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains 2,291 square feet, with six bedrooms, four full bathrooms, and a two-car garage. Its open-concept plan connects the living, dining, and kitchen areas. The property has not been previously occupied.
The home is in a residential neighborhood in Abilene, less than 10 minutes from the Stargate development and minutes from Abilene Christian University and Hendrick North.
The home is in a residential neighborhood in Abilene, less than 10 minutes from the Stargate development and minutes from Abilene Christian University and Hendrick North.
Key Highlights
- 2,291‑square‑foot duplex built in 2026
- Six bedrooms and four full bathrooms
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,994
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,880
$379.9K
Cap Rate 7%
$271,343
$271.3K
Cap Rate 9%
$211,044
$211.0K
Market Conditions
NOI Build-Up for 2,291 SF
Gross rent
$28.9K $12.60/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$27.1K $11.84/SF
− OpEx
−$8.1K −$3.55/SF
NOI
$19.0K $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%
$379,880
Cap Rate 7%
$271,343
Cap Rate 9%
$211,044
Alternative Uses
Best Use
Multifamily LT 5
$271.3K
$237.4K – $316.6K
NOI $18,994 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$251.1K
$219.7K – $292.9K
NOI $17,575 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$511.5K
$447.6K – $596.8K
NOI $35,806 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
39
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Open-concept living areas and a two-car garage support comfortable residential use in this newly built duplex.
Where is this duplex located?
The property is located at 302 Colorado Abilene, TX.
What is the asking price?
The asking price for this property is $429,990.
What are key features of this property?
This property features: 2,291‑square‑foot duplex built in 2026; Six bedrooms and four full bathrooms; Two‑car garage
