Multi-Residence Property with 3
For Sale
$450,000
6370 County Road 107, Abilene, TX 79601
Three separately metered residences on acreage provide flexible living and rental configurations in Eula ISD.
Property Size1,920 SF
Lot Size8.00 Acres
Days on Market244
Property Features for 6370 County Road 107
General Information
Standard status
Active
Size
1,920 SF
Lot size
8.00 Acres
Property subtype
Farm
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,271
Building Details
Building Size
1,920 SF
Year Built
2013
Listing Agency:
Sendero Properties, LLC
Listed By:
Amber Sanders · License #0586886
(325) 370-5222
Source:
Senderopropertiesllc
Added: Jan 7
Changed: Sep 8
Last Checked: Aug 14 at 3:30AM
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 Sendero Properties, LLC
Investment Insights
Based on property information with market context.
This for-sale property includes three separate residences on more than eight acres, creating options for multi-home living, multi-generational use, or income. The main home offers five bedrooms and three bathrooms with an open concept layout and a split bedroom plan. A newer two-bedroom, two-bath manufactured home provides an additional private living space, and a tiny house adds a one-bedroom, one-bath layout with a kitchen and living area. New appliances are included with an acceptable offer. The outdoor improvements include an above-ground pool, a five-car carport, and a seasonal stock tank.
Each residence is independently serviced with three separate water meters and three electric meters, supporting flexibility for occupancy and rental arrangements. The property sits in Eula ISD and is described as being minutes from Abilene, with convenience to universities, hospitals, shopping, and planned development activity.
With multiple dwellings and separate utilities, the layout is well suited for buyers seeking a family compound or a property that can be leased as separate homes. The presence of additional space may also support future expansion, subject to buyer verification of any deed restrictions. Livestock and country living are contemplated by the available wide-open acreage, while still maintaining proximity to area amenities and employment centers.
Each residence is independently serviced with three separate water meters and three electric meters, supporting flexibility for occupancy and rental arrangements. The property sits in Eula ISD and is described as being minutes from Abilene, with convenience to universities, hospitals, shopping, and planned development activity.
With multiple dwellings and separate utilities, the layout is well suited for buyers seeking a family compound or a property that can be leased as separate homes. The presence of additional space may also support future expansion, subject to buyer verification of any deed restrictions. Livestock and country living are contemplated by the available wide-open acreage, while still maintaining proximity to area amenities and employment centers.
Key Highlights
- Over 8 acres in Eula ISD with three separate residences for flexible family living or rental configurations
- Main home built in 2013: 5 bedrooms, 3 bathrooms, open‑concept layout with a split bedroom plan
- Additional manufactured home: 2 bedrooms, 2 bathrooms, plus a tiny house with 1 bedroom, 1 bathroom
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
$15,918
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
3.54%
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%
$318,360
$318.4K
Cap Rate 7%
$227,400
$227.4K
Cap Rate 9%
$176,867
$176.9K
Market Conditions
NOI Build-Up for 1,920 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
$24.2K $12.60/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$22.7K $11.84/SF
− OpEx
−$6.8K −$3.55/SF
NOI
$15.9K $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%
$318,360
Cap Rate 7%
$227,400
Cap Rate 9%
$176,867
Alternative Uses
Best Use
Multifamily LT 5
$227.4K
$199.0K – $265.3K
NOI $15,918 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$210.4K
$184.1K – $245.5K
NOI $14,729 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$428.7K
$375.1K – $500.1K
NOI $30,007 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered residences on acreage provide flexible living and rental configurations in Eula ISD.
Where is this triplex located?
The property is located at 6370 County Road 107 Abilene, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Over 8 acres in Eula ISD with three separate residences for flexible family living or rental configurations; Main home built in 2013: 5 bedrooms, 3 bathrooms, open‑concept layout with a split bedroom plan; Additional manufactured home: 2 bedrooms, 2 bathrooms, plus a tiny house with 1 bedroom, 1 bathroom
