Two-Unit Duplex with Detached
For Sale
$200,000
707 E North 12th St, Abilene, TX 79601
Two separately fenced residences include tiled living areas, carpeted bedrooms, and access to a detached garage.
Property Size1,516 SF
Price / SF$131.93
Days on Market54
Property Features for 707 E North 12th St
General Information
Standard status
Active
Size
1,516 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$21,300
Building Details
Year Built
1959
Listing Agency:
Barnett & Hill
Listed By:
John Hill · License #0627718
(325) 721-4428
Source:
Tonyaharbin
Added: Aug 30
Changed: Oct 3
Last Checked: Oct 21 at 1:30AM
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 Barnett & Hill
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1959, this duplex contains two distinct residences: a 1-bedroom, 1-bath unit measuring 649 square feet and a 2-bedroom, 1-bath unit measuring 914 square feet. Both apartments have neutral ceramic tile in common areas and carpet in the bedrooms. Each unit has a separate fenced area, and a detached two-car garage is positioned at the rear of the property.
The property is within easy walking distance of the ACU campus. The 1-bedroom unit is leased through 9-30-2026, while the 2-bedroom unit is leased through 6-30-2027. The combined unit area totals 1,516 square feet, offering a compact two-residence configuration with an existing lease profile and dedicated outdoor space for each occupant.
The property is within easy walking distance of the ACU campus. The 1-bedroom unit is leased through 9-30-2026, while the 2-bedroom unit is leased through 6-30-2027. The combined unit area totals 1,516 square feet, offering a compact two-residence configuration with an existing lease profile and dedicated outdoor space for each occupant.
Key Highlights
- Two‑unit duplex with 1‑bedroom and 2‑bedroom residences
- 1‑bedroom, 1‑bath unit measures 649 SF
- 2‑bedroom, 1‑bath unit measures 914 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,569
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,380
$251.4K
Cap Rate 7%
$179,557
$179.6K
Cap Rate 9%
$139,656
$139.7K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$19.1K $12.60/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.0K $11.84/SF
− OpEx
−$5.4K −$3.55/SF
NOI
$12.6K $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 Rate 5%
$251,380
Cap Rate 7%
$179,557
Cap Rate 9%
$139,656
Alternative Uses
Best Use
Multifamily LT 5
$179.6K
$157.1K – $209.5K
NOI $12,569 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$166.1K
$145.4K – $193.8K
NOI $11,630 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$338.5K
$296.2K – $394.9K
NOI $23,693 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
334
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately fenced residences include tiled living areas, carpeted bedrooms, and access to a detached garage.
Where is this duplex located?
The property is located at 707 E North 12th St Abilene, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑unit duplex with 1‑bedroom and 2‑bedroom residences; 1‑bedroom, 1‑bath unit measures 649 SF; 2‑bedroom, 1‑bath unit measures 914 SF
