Duplex With Rear
For Sale
$250,000
Pending
710 E North 13th Street, Abilene, TX 79601
Two-bedroom living areas flank shared central spaces, with a separate apartment and alley-served parking at the rear.
Property Size1,879 SF
Days on Market56
Property Features for 710 E North 13th Street
General Information
Standard status
Pending
Size
1,879 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
needs a little TLC
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1948
Listing Agency:
Coldwell Banker Apex, REALTORS
(325) 690-4000
Listed By:
Chad Chaney · License #0588387
(325) 725-6641
Source:
Lonestarluxuryrealty
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 20 at 10:18PM
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 Coldwell Banker Apex, REALTORS
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Investment Insights
Based on property information with market context.
This 1,879-square-foot duplex was built in 1948 and includes a four-bedroom, two-bathroom main residence arranged around central living, dining, and kitchen areas. Two bedrooms are positioned on each side of the house. A separate one-bedroom, one-bathroom apartment is located behind the main dwelling and has a tenant through the end of August. The property requires some TLC.
Front parking serves the four-bedroom residence, while the rear apartment has its own parking and private yard area reached from the alley. Alley access also supports trash service. The property is located at 710 E North 13th Street in Abilene, with ACU four blocks north and access to schools, businesses, and local amenities.
Front parking serves the four-bedroom residence, while the rear apartment has its own parking and private yard area reached from the alley. Alley access also supports trash service. The property is located at 710 E North 13th Street in Abilene, with ACU four blocks north and access to schools, businesses, and local amenities.
Key Highlights
- 1,879‑square‑foot duplex built in 1948
- Four‑bedroom, two‑bathroom main residence with central living, dining, and kitchen areas
- Separate one‑bedroom, one‑bathroom rear apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,578
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,560
$311.6K
Cap Rate 7%
$222,543
$222.5K
Cap Rate 9%
$173,089
$173.1K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$23.7K $12.60/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$22.3K $11.84/SF
− OpEx
−$6.7K −$3.55/SF
NOI
$15.6K $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%
$311,560
Cap Rate 7%
$222,543
Cap Rate 9%
$173,089
Alternative Uses
Best Use
Multifamily LT 5
$222.5K
$194.7K – $259.6K
NOI $15,578 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$205.9K
$180.2K – $240.3K
NOI $14,415 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$419.5K
$367.1K – $489.5K
NOI $29,367 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom living areas flank shared central spaces, with a separate apartment and alley-served parking at the rear.
Where is this duplex located?
The property is located at 710 E North 13th Street Abilene, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,879‑square‑foot duplex built in 1948; Four‑bedroom, two‑bathroom main residence with central living, dining, and kitchen areas; Separate one‑bedroom, one‑bathroom rear apartment
