Brand-New Duplex
518 Colorado Abilene, TX 79601
518 Colorado, Abilene, TX, 79601
$524,990
Pending
For Sale
$524,990
Pending
Newly built duplex with 6 bedrooms, 4 full bathrooms, and a 2-car garage, offering an open-concept layout.
Property Size2,994 SF
Days on Market35
Property Features for 518 Colorado
General Information
- Standard status
- Pending
- Size
- 2,994 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 2026
Listing agency
Modern Day Living Re LLC
(806) 544-7518
Listed by
Hatti Day · License #0718842
(806) 544-7518
Source
Compass
Added: Jun 18 Updated: Jul 21 at 10:53AM Checked: Jul 21 at 10:53AM
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 Modern Day Living Re LLC
Investment Insights
Based on property information with market context.
This brand-new duplex is designed with a modern open-concept plan that connects the living, dining, and kitchen areas. The property features 6 bedrooms and 4 full bathrooms, along with a 2-car garage for parking and storage. Natural light and fresh interior finishes are part of the newly constructed layout.
The address is 518 Colorado in Abilene, TX 79601. The seller notes the property is less than 10 minutes from the Stargate development and just minutes from Abilene Christian University and Hendrick North.
As a residential income duplex, the configuration provides multiple bedrooms and full bathrooms within one building while maintaining a practical, garage-supported setup.
The address is 518 Colorado in Abilene, TX 79601. The seller notes the property is less than 10 minutes from the Stargate development and just minutes from Abilene Christian University and Hendrick North.
As a residential income duplex, the configuration provides multiple bedrooms and full bathrooms within one building while maintaining a practical, garage-supported setup.
Key Highlights
- Newly built duplex (year built 2026) with 2 total units and brick construction
- 6 bedrooms total and 4 full bathrooms total across the duplex
- Open‑concept layout connecting living, dining, and kitchen areas
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 | $37.7k | $12.60 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $35.5k | $11.84 |
| − OpEx | −$10.6k | −$3.55 |
| NOI | $24.8k | $8.29 |
2,994 SF · lease $12.60/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.6K
$310.3K – $413.7K
NOI $24,823 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$328.1K
$287.1K – $382.8K
NOI $22,969 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$668.5K
$584.9K – $779.9K
NOI $46,793 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Newly built duplex with 6 bedrooms, 4 full bathrooms, and a 2-car garage, offering an open-concept layout.
Where is this duplex located?
The property is located at 518 Colorado Abilene, TX.
What is the asking price?
The asking price for this property is $524,990.
What are key features of this property?
This property features: Newly built duplex (year built 2026) with 2 total units and brick construction; 6 bedrooms total and 4 full bathrooms total across the duplex; Open‑concept layout connecting living, dining, and kitchen areas
