




$475,000
1117 Lexington Ave, Abilene, TX, 79605
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About this property
Beautiful and spacious 4-bedroom, 3-bath home located in the desirable Elmwood West neighborhood! This unique property offers exceptional space, versatility, and several options for multigenerational living or income-producing potential. Inside, you’ll find multiple bonus rooms that could serve as additional living areas, offices, game rooms, media rooms, or bedrooms. One of the rooms is currently being used as a home theater. The flexible layout could function as a mother-in-law suite or potentially allow multiple rooms to be rented separately, subject to applicable zoning, occupancy, permitting, and rental requirements. The home also features a spacious kitchen, generously sized bedrooms, fresh interior paint, and two fireplaces—one gas and one wood-burning—providing warmth and character throughout the home. Additional utility features include two gas lines, two water lines, and two water heaters, offering added convenience and flexibility. Exterior highlights include a 2-car garage, water well, and storm shelter. Conveniently located near shopping, dining, schools, and other local amenities, this property offers comfort, accessibility, and a layout that can accommodate a variety of needs. Don’t miss this unique opportunity!
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Abilene
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