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$250,000

1018 Merchant St, Abilene, TX, 79603

PendingInfo
Beds7 Beds
Baths3 Bath
Baths2,814 Sq Ft
TriplexTriplex
Year BuiltBuilt in 1946

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 2Bathrooms Half 2
Heating CentralHeating Central
CoolingCooling
AppliancesOther
FlooringOther

Exterior

Lot Size9,601 sqft

Building Information

Year Built1946
Stories1
Roof Type105

Land Information

APN43700001800
Lot Number4
SubdivisionLakeside Addn
Land UseResidential
Legal DescriptionLAKESIDE ADDN, BLOCK 2, LOT 4
Census Tract010700
Assessed Land Value$3,840
Assessed Improvement Value$171,557
Assessment Year2025

About this property

TRIPLEX FOR SALE - Unique income-producing property featuring a 3-bedroom, 1-bath single-family home fronting Merchant St and a rear duplex with two 2-bedroom, 1-bath units accessible via the alley. Located in an up-and-coming area experiencing significant revitalization, with numerous neighboring properties undergoing renovation and improvement. This property offers multiple investment strategies, including owner-occupancy in the front home while generating rental income from the duplex, or leasing all three units for maximum cash flow. All units are currently occupied and leased on a month-to-month basis, providing flexibility for future plans. The property includes 1018, 1020, and 1022 Merchant St. Please do not disturb tenants. Showings are available by appointment only.

Investor Tools

$0Estimated Mortgage Balance
$248,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$435/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,975
$175,397
2025
$3,840
$171,557
$175,397
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,975
$175,397

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$175,397
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Abilene

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1018 Merchant St | Property Details | No Agent List