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Fully Occupied Quadplex
For Sale
$159,000

502 Cottonwood Street, Coleman, TX 76834

ResidentialIncome, Coleman, TX

Property SizeContact for details
Lot Size0.16 Acres
Days on Market53

Property Features for 502 Cottonwood Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 8
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 7, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 7, Bathroom 8, Bathroom 6, Bedroom 8, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Parking features Garage, On Street
Interior features HighSpeedInternet, CableTv
Subdivision Phillips 2 Add Town Coleman
Elementary school Coleman
Middle school Coleman
High school Coleman
Elementary school district Coleman ISD
Middle school district Coleman ISD
High school district Coleman ISD
Directions Heading south on 206. Turn right and 502 Cottonwood will be on the right.
Standard status Active
APN R17477
Lot size 0.16 Acres

Taxes and HOA fees

Tax Description PHILLIPS 2 ADDN TOWN COLEMAN, BLOCK 31, LOT 7
Tax Annual Amount 3155
Legal Description PHILLIPS 2 ADDN TOWN COLEMAN, BLOCK 31, LOT 7

Utilities

Sewer type Public Sewer
Cooling system Ceiling Fan(s)
Water source Public

Building Details

Year built 1960
Floors in Building 2
Number of units 8
Flooring type Laminate
Building materials Stucco
Roof type Composition
Listing Agency: Augusta Realtors
Listed By: Cheyenne Toliver
Added: Jul 17 Changed: Sep 4 Last Checked: Sep 7 at 4:06PM
MLS# 21198583

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 1960-built quadplex sits on 0.161 acres in Coleman, Texas, with all four units currently leased. The property includes 8 bedrooms and 8 bathrooms, stucco construction, laminate flooring, ceiling fans, high-speed internet, and cable TV. A new composition roof has been installed, and parking is provided by a garage and on-street spaces.

Public water and public sewer serve the property. Coleman is approximately 45 minutes from Abilene, offering a smaller-market setting for an occupied residential income asset. The property may be acquired individually or alongside other Coleman rental properties offered in the same investment package.

Key Highlights

  • Fully occupied four‑unit quadplex
  • 8 bedrooms and 8 bathrooms
  • New composition roof installed

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Parking Lot & Garage HVAC Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

344
Businesses Nearby

Demographics for 76834, TX

4,991
Population
3,041
Households
1.6
Avg Household Size
51
Median Age
15%
College-Educated
87%
High-School Grad
440.2 sq mi
ZIP Area
11
Density / Sq Mi
$51,766
Median Household Income
$36,074
Median Earnings
$746
Median Rent
$87,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit rental property with a new roof, garage parking, and public utilities in Coleman.
Where is this quadplex located?
The property is located at 502 Cottonwood Street Coleman, TX.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Fully occupied four‑unit quadplex; 8 bedrooms and 8 bathrooms; New composition roof installed
More about this property
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