Duplex with Dual Rental
For Sale
$565,000
Pending
390 & 392 Kristi Path, Abilene, TX 79602
Two separately configured residences combine private outdoor space, attached garages, and flexible long-term or short-term rental use.
Property Size2,864 SF
Days on Market68
Property Features for 390 & 392 Kristi Path
General Information
Standard status
Pending
Size
2,864 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Loop 322 East
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Our Texas Real Estate
Listed By:
Ashley Hernandez
Source:
Granburyhomefinder
Added: Aug 25
Changed: Oct 25
Last Checked: Oct 30 at 2:49PM
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 Our Texas Real Estate
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Investment Insights
Based on property information with market context.
Built in 2024, this 2,864-square-foot duplex contains two distinct 3-bedroom, 2-bath residences. Each side includes a private 2-car garage, backyard, spacious living areas, and an open-concept layout. The property is configured for separate occupancy and supports two rental approaches within one asset.
One residence is occupied by a long-term tenant, while the other is furnished and has operated as a short-term rental since July 2026. The property is associated with Wylie East Schools and is located at 390 & 392 Kristi Path in Abilene, Texas.
One residence is occupied by a long-term tenant, while the other is furnished and has operated as a short-term rental since July 2026. The property is associated with Wylie East Schools and is located at 390 & 392 Kristi Path in Abilene, Texas.
Key Highlights
- Two 3‑bedroom, 2‑bath units within one duplex
- 2,864 SF property built in 2024
- Each unit includes its own 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,745
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,900
$474.9K
Cap Rate 7%
$339,214
$339.2K
Cap Rate 9%
$263,833
$263.8K
Market Conditions
NOI Build-Up for 2,864 SF
Gross rent
$36.1K $12.60/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$33.9K $11.84/SF
− OpEx
−$10.2K −$3.55/SF
NOI
$23.7K $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%
$474,900
Cap Rate 7%
$339,214
Cap Rate 9%
$263,833
Alternative Uses
Best Use
Multifamily LT 5
$339.2K
$296.8K – $395.8K
NOI $23,745 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$313.9K
$274.6K – $366.2K
NOI $21,971 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$639.4K
$559.5K – $746.0K
NOI $44,761 @ 7.0% cap · market cap 7.92%
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
22
Businesses Nearby
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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 - Two separately configured residences combine private outdoor space, attached garages, and flexible long-term or short-term rental use.
Where is this duplex located?
The property is located at 390 & 392 Kristi Path Abilene, TX.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units within one duplex; 2,864 SF property built in 2024; Each unit includes its own 2‑car garage
