Two-Unit Duplex With
For Sale
$550,000
3844 Carrera Lane, Abilene, TX 79602
Two residences offer three-bedroom layouts, two bathrooms, and dedicated garage space for each unit.
Property Size2,755 SF
Days on Market34
Property Features for 3844 Carrera Lane
General Information
Standard status
Active
Size
2,755 SF
Total Parking Spaces
4
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,768
Building Details
Building Size
2,755 SF
Year Built
2013
Buildings
1
Tenancy
Multi
Listing Agency:
Sendero Properties, LLC
(325) 518-7595
Listed By:
Anna Hughes · License #0577089
(325) 518-7595
Source:
Senderopropertiesllc
Added: Jul 31
Changed: Aug 8
Last Checked: Sep 1 at 2:31PM
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 Sendero Properties, LLC
Investment Insights
Based on property information with market context.
Built in 2013, this duplex comprises two separate residences at 3844 and 3842 Carrera Lane. Each unit includes 3 bedrooms, 2 bathrooms, and a 2-car garage, creating a consistent layout across the property. The configuration supports separate occupancy of both units or an owner-occupancy arrangement with the second residence generating income.
The property is located in Abilene, near shopping, dining, and everyday conveniences. Its two-unit design and matching residential layouts provide a straightforward multifamily configuration for a buyer seeking a duplex with established physical improvements.
The property is located in Abilene, near shopping, dining, and everyday conveniences. Its two-unit design and matching residential layouts provide a straightforward multifamily configuration for a buyer seeking a duplex with established physical improvements.
Key Highlights
- Full duplex with 2 separate units at 3844 and 3842 Carrera Lane
- Each unit includes 3 bedrooms and 2 bathrooms
- Each residence has a 2‑car garage
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
$22,841
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
4.15%
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%
$456,820
$456.8K
Cap Rate 7%
$326,300
$326.3K
Cap Rate 9%
$253,789
$253.8K
Market Conditions
NOI Build-Up for 2,755 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
$34.7K $12.60/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$32.6K $11.84/SF
− OpEx
−$9.8K −$3.55/SF
NOI
$22.8K $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%
$456,820
Cap Rate 7%
$326,300
Cap Rate 9%
$253,789
Alternative Uses
Best Use
Multifamily LT 5
$326.3K
$285.5K – $380.7K
NOI $22,841 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$301.9K
$264.2K – $352.3K
NOI $21,135 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$615.1K
$538.2K – $717.6K
NOI $43,057 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 79602, TX
25,389
Population
11,127
Households
2.3
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
121.7 sq mi
ZIP Area
209
Density / Sq Mi
$84,845
Median Household Income
$39,044
Median Earnings
$1,123
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer three-bedroom layouts, two bathrooms, and dedicated garage space for each unit.
Where is this duplex located?
The property is located at 3844 Carrera Lane Abilene, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Full duplex with 2 separate units at 3844 and 3842 Carrera Lane; Each unit includes 3 bedrooms and 2 bathrooms; Each residence has a 2‑car garage
