Fully Leased Triplex
For Sale
$475,000
858 Beech Street, Abilene, TX 79601
Two income-producing properties offer a six-unit residential rental package with varied unit configurations.
Property Size4,396 SF
Price / SF$108.05
Days on Market211
Property Features for 858 Beech Street
General Information
Standard status
Active
Size
4,396 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Triplex
Occupancy
100%
Units
Unit Mix
5 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
6
Additional Details
Asking Price
$475,000
Amenities
Ceiling Fan(s), Central Air, Electric, Window Unit(s)
Central, Electric, Natural Gas
No
Laminate
Electric Oven, Electric Range, Gas Oven, Gas Range, Refrigerator
1
Cable TV Available, High Speed Internet Available
Decorative
Composition
One
Pillar/Post/Pier
Public Records
6
Siding
Covered
Building Details
Year Built
1923
Buildings
3
Listing Agency:
Augusta Realtors
Listed By:
Cheyenne Toliver
(325) 721-0081
Source:
Compass
Added: Feb 5
Changed: Sep 2
Last Checked: Aug 30 at 6:57PM
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 Augusta Realtors
Investment Insights
Based on property information with market context.
This residential income offering combines the triplex properties at 858 Beech Street and 866 Beech Street in a single package. The portfolio contains six units totaling 4,396 square feet, with five one-bedroom, one-bath residences and one three-bedroom, one-bath residence. The properties were built in 1923 and include central air, window units, laminate flooring, and a mix of electric and gas cooking appliances.
All six units are leased under active agreements. The properties are positioned in a central Abilene area with access to shopping, dining, and major employment corridors, providing a convenient setting for an occupied multifamily rental portfolio.
All six units are leased under active agreements. The properties are positioned in a central Abilene area with access to shopping, dining, and major employment corridors, providing a convenient setting for an occupied multifamily rental portfolio.
Key Highlights
- Six‑unit triplex package at 858 Beech Street and 866 Beech Street
- 4,396 square feet across the portfolio
- Unit mix includes five 1‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit
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
$36,446
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
7.67%
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%
$728,920
$728.9K
Cap Rate 7%
$520,657
$520.7K
Cap Rate 9%
$404,956
$405.0K
Market Conditions
NOI Build-Up for 4,396 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
$55.4K $12.60/SF
− Vacancy
−$3.3K −$0.76/SF
EGI
$52.1K $11.84/SF
− OpEx
−$15.6K −$3.55/SF
NOI
$36.4K $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%
$728,920
Cap Rate 7%
$520,657
Cap Rate 9%
$404,956
Alternative Uses
Best Use
Multifamily LT 5
$520.7K
$455.6K – $607.4K
NOI $36,446 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$481.8K
$421.6K – $562.1K
NOI $33,724 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$981.5K
$858.8K – $1.15M
NOI $68,704 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,200
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
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Frequently Asked Questions
What type of property is this?
Triplex - Two income-producing properties offer a six-unit residential rental package with varied unit configurations.
Where is this triplex located?
The property is located at 858 Beech Street Abilene, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Six‑unit triplex package at 858 Beech Street and 866 Beech Street; 4,396 square feet across the portfolio; Unit mix includes five 1‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit
