Duplex With Two-Car
New
For Sale
$489,990
Pending
310 Colorado Street, Abilene, TX 79601
An open-plan interior links the living, dining, and kitchen areas for a connected shared-space layout.
Property Size2,644 SF
Days on Market3
Property Features for 310 Colorado Street
General Information
Standard status
Pending
Size
2,644 SF
Total Parking Spaces
4
Property subtype
Residential Income
Net Operating Income
$4,169
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$29
Amenities
Central Air, Electric
Central, Electric
Dishwasher, Disposal, Electric Range, Microwave
Granite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), High Speed Internet
Enclosed, Garage, Garage Door Opener, Attached
Building Details
Building Size
2,644 SF
Year Built
2026
Buildings
1
Listing Agency:
Modern Day Living LLC
Listed By:
Hatti Day · License #0718842
(806) 544-7518
Source:
Evrealestate
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 24 at 12:49PM
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 LLC
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex offers 2,644 square feet with six bedrooms, four full bathrooms, and a two-car garage. The open-plan arrangement brings the living, dining, and kitchen areas together. The property has not previously been occupied.
The address is less than 10 minutes from the Stargate development and minutes from Abilene Christian University and Hendrick North. The property is located in Abilene, Texas.
The address is less than 10 minutes from the Stargate development and minutes from Abilene Christian University and Hendrick North. The property is located in Abilene, Texas.
Key Highlights
- 6 bedrooms and 4 full bathrooms
- 2,644 square feet with a two‑car garage
- Built in 2026; never previously occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,921
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,420
$438.4K
Cap Rate 7%
$313,157
$313.2K
Cap Rate 9%
$243,567
$243.6K
Market Conditions
NOI Build-Up for 2,644 SF
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.
Gross rent
$33.3K $12.60/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$31.3K $11.84/SF
− OpEx
−$9.4K −$3.55/SF
NOI
$21.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,420
Cap Rate 7%
$313,157
Cap Rate 9%
$243,567
Alternative Uses
Best Use
Multifamily LT 5
$313.2K
$274.0K – $365.4K
NOI $21,921 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$289.8K
$253.5K – $338.1K
NOI $20,283 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$590.3K
$516.5K – $688.7K
NOI $41,323 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
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 - An open-plan interior links the living, dining, and kitchen areas for a connected shared-space layout.
Where is this duplex located?
The property is located at 310 Colorado Street Abilene, TX.
What is the asking price?
The asking price for this property is $489,990.
What are key features of this property?
This property features: 6 bedrooms and 4 full bathrooms; 2,644 square feet with a two‑car garage; Built in 2026; never previously occupied
