Brand-New Duplex with 2-Car
502 Colorado Abilene, TX 79601
502 Colorado, Abilene, TX, 79601
$429,990
Pending
For Sale
$429,990
Pending
MULTI_FAMILY - Abilene, TX
Property Size2,291 SF
Lot Size0.18 Acres
Days on Market35
Property Features for 502 Colorado
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4
- Parking
- 4
- Parking features
- Open, Garage
- Interior features
- GraniteCounters, HighSpeedInternet, KitchenIsland, OpenFloorplan, Pantry, CableTv, WalkInClosets
- Appliances
- Dishwasher, ElectricRange, Disposal, Microwave
- Standard status
- Pending
- APN
- 1096604
- Size
- 2,291 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- WATER CREST RANCH SEC 1, BLOCK A, LOT 9, ACRE
- Tax Annual Amount
- 29
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing agency
Modern Day Living Re LLC
(325) 901-4238
Listed by
Hatti Day · License #0718842
(325) 901-4238
Added: Jun 18 Updated: Jul 17 at 1:44PM Checked: Jul 22 at 6:06AM
MLS# 21304985
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brand-new duplex at 502 Colorado offers an open-concept layout connecting the living, dining, and kitchen areas. The home has 6 bedrooms and 4 full bathrooms, along with a 2-car garage. Built with a modern design and quality finishes, it is being offered as a never-lived-in residence with abundant natural light throughout.
Located in Abilene, the property is less than 10 minutes from the Stargate development and just minutes from Abilene Christian University and Hendrick North. The setting is described as a residential neighborhood, supporting a convenient drive-time relationship to key local destinations.
The configuration can fit a variety of buyers, including those looking for a primary home with flexibility, a lock-and-leave lifestyle, or a residential income use. With all bedrooms and bathrooms laid out within a duplex plan and the convenience of a 2-car garage, the property presents a streamlined option for occupants who value a new construction, turn-key interior design.
Located in Abilene, the property is less than 10 minutes from the Stargate development and just minutes from Abilene Christian University and Hendrick North. The setting is described as a residential neighborhood, supporting a convenient drive-time relationship to key local destinations.
The configuration can fit a variety of buyers, including those looking for a primary home with flexibility, a lock-and-leave lifestyle, or a residential income use. With all bedrooms and bathrooms laid out within a duplex plan and the convenience of a 2-car garage, the property presents a streamlined option for occupants who value a new construction, turn-key interior design.
Key Highlights
- Under construction duplex with 6 bedrooms and 4 full bathrooms
- Open floor plan connecting living, dining, and kitchen areas
- 2‑car garage with open parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $12.60 |
| − Vacancy | −$1.7k | −$0.76 |
| EGI | $27.1k | $11.84 |
| − OpEx | −$8.1k | −$3.55 |
| NOI | $19.0k | $8.29 |
2,291 SF · lease $12.60/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.3K
$237.4K – $316.6K
NOI $18,994 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$251.1K
$219.7K – $292.9K
NOI $17,575 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$511.5K
$447.6K – $596.8K
NOI $35,806 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Newly built duplex in Abilene offering open-concept living and a two-car garage.
Where is this duplex located?
The property is located at 502 Colorado Abilene, TX.
What is the asking price?
The asking price for this property is $429,990.
What are key features of this property?
This property features: Under construction duplex with 6 bedrooms and 4 full bathrooms; Open floor plan connecting living, dining, and kitchen areas; 2‑car garage with open parking
