Brand-New Duplex
For Sale
$524,990
Pending
518 Colorado, Abilene, TX 79601
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 Market82
Property Features for 518 Colorado
General Information
Standard status
Pending
Size
2,994 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Amenities
Central Air, Electric
Central, Electric
Vinyl
Dishwasher, Disposal, Electric Range, Microwave
Cable TV Available, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
No
Composition
One
1
Slab
Builder
2
Brick
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Modern Day Living Re LLC
Listed By:
Hatti Day · License #0718842
(806) 544-7518
Source:
Compass
Added: Jun 18
Changed: Aug 9
Last Checked: Aug 7 at 7:12AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,823
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,460
$496.5K
Cap Rate 7%
$354,614
$354.6K
Cap Rate 9%
$275,811
$275.8K
Market Conditions
NOI Build-Up for 2,994 SF
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.
Gross rent
$37.7K $12.60/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$35.5K $11.84/SF
− OpEx
−$10.6K −$3.55/SF
NOI
$24.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,460
Cap Rate 7%
$354,614
Cap Rate 9%
$275,811
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 79601, TX
26,515
Population
9,422
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
84%
High-School Grad
263.0 sq mi
ZIP Area
101
Density / Sq Mi
$54,515
Median Household Income
$24,704
Median Earnings
$988
Median Rent
$182,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
