Two-Unit Duplex with
New
For Sale
$540,000
3844 Carrera Lane, Abilene, TX 79602
Each residence has three bedrooms, two bathrooms, and a two-car garage.
Property Size2,755 SF
Price / SF$196.01
Days on Market5
Property Features for 3844 Carrera Lane
General Information
Standard status
Active
Size
2,755 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Neighborhood
Lytle Area
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
Decorative Lighting
Eat-In Kitchen
High Speed Internet Available
Kitchen Island
Open Floorplan
Walk-In Closet(S)
Building Details
Building Size
2,755 SF
Year Built
2013
Buildings
1
Stories
1
Units
2
Listing Agency:
Sendero Properties, LLC
Listed By:
Anna Hughes · License #0577089
(325) 518-7595
Source:
Hatchettrealestate
Added: Oct 21
Changed: Oct 24
Last Checked: Oct 24 at 3:05PM
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
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Investment Insights
Based on property information with market context.
Built in 2013, this duplex contains two residences totaling 2,755 SF. Each unit is configured with three bedrooms and two bathrooms, along with a two-car garage.
The property is located at 3844 Carrera Lane in Abilene, Texas.
The property is located at 3844 Carrera Lane in Abilene, Texas.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Each unit includes a 2‑car garage
- 2,755 SF total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,841
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
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
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 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 4.23%
Second Best
Apartment 5plus
$301.9K
$264.2K – $352.3K
NOI $21,135 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$615.1K
$538.2K – $717.6K
NOI $43,057 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, and a two-car garage.
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 $540,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; Each unit includes a 2‑car garage; 2,755 SF total property size
