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$475,000

1117 Lexington Ave, Abilene, TX, 79605

$493,577 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,495 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.91 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Gas Oven, Gas Range
FlooringCarpet, Combination, Laminate, Tile, Vinyl, Wood, Stone

Building Information

Garage Spaces2

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!

Investor Tools

$0Estimated Mortgage Balance
$36,102Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$493,577
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

Interested in this property?

Tiara Shields

Copperleaf Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$461/month
No HOA
5.947%

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.

Explore Texas Explore This Area
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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