Residential Income Property with Attached
For Sale
$524,990
Pending
346 Colorado Street, Abilene, TX 79601
The property includes central air, an open-plan kitchen, and an attached garage.
Property Size2,994 SF
Days on Market25
Property Features for 346 Colorado Street
General Information
Standard status
Pending
Size
2,994 SF
Total Parking Spaces
4
Property subtype
Residential Income
Net Operating Income
$4,317
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
2,994 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 28
Changed: Oct 7
Last Checked: Oct 20 at 8:15PM
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
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Investment Insights
Based on property information with market context.
This residential income property was built in 2026. Interior features include central air, an open floor plan, granite countertops, a kitchen island, a pantry, and a walk-in closet. The kitchen also has a dishwasher, disposal, electric range, and microwave. An attached garage has an automatic door opener.
The property is located at 346 Colorado Street in Abilene, Taylor County. From North 1st Street, Colorado Street is reached by turning north; the property is approximately 0.3 miles along that route.
The property is located at 346 Colorado Street in Abilene, Taylor County. From North 1st Street, Colorado Street is reached by turning north; the property is approximately 0.3 miles along that route.
Key Highlights
- Built in 2026
- Attached garage with garage door opener
- Kitchen includes granite counters, island, pantry, dishwasher, disposal, electric range, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,969
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,380
$459.4K
Cap Rate 7%
$328,129
$328.1K
Cap Rate 9%
$255,211
$255.2K
Market Conditions
NOI Build-Up for 2,994 SF
Gross rent
$44.2K $14.76/SF
− Vacancy
−$2.4K −$0.81/SF
EGI
$41.8K $13.95/SF
− OpEx
−$18.8K −$6.28/SF
NOI
$23.0K $7.67/SF
Area
Abilene, TX
Vacancy
5.50%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,380
Cap Rate 7%
$328,129
Cap Rate 9%
$255,211
Alternative Uses
Best Use
Apartment 5plus
$328.1K
$287.1K – $382.8K
NOI $22,969 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$668.5K
$584.9K – $779.9K
NOI $46,793 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - The property includes central air, an open-plan kitchen, and an attached garage.
Where is this residential income property located?
The property is located at 346 Colorado Street Abilene, TX.
What is the asking price?
The asking price for this property is $524,990.
What are key features of this property?
This property features: Built in 2026; Attached garage with garage door opener; Kitchen includes granite counters, island, pantry, dishwasher, disposal, electric range, and microwave
