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$331,368

NAL Estimated Property Value

408 15th Street, Abernathy, TX, 79311

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths7,395 Sq Ft
TriplexTriplex
price_per_sqft$62.88 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Electric Oven, Electric Range, Refrigerator

Exterior

Lot Size20,996 sqft

Building Information

Year Built1971

Land Information

APN19967
Lot Number10-12
Land UseResidential
Legal DescriptionOT ABY BLK 9 LOTS 10-12
Census Tract950900
Assessed Land Value$6,750
Assessed Improvement Value$324,618
Assessment Year2025

About this property

Fabulous Investment Property! Each of the 9 apartments in this triplex is 2 bedroom 1 bath with stove, refrigerator & dishwasher provided. Each unit also has a small storage building. Apartments are all electric and in very good condition with 100% occupancy. Tenants pay all utilities which include water and electricity only. Excellent schools and new industry makes rental properties high demand in this growing community!

Investor Tools

Property Icon
$331,368
Estimated Property Value
$304,063Estimated Mortgage Balance
$27,305Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,790 /month
Positive
Cash Flow Estimate:
$930 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$787/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,790
$331,368
2025
$6,750
$324,618
$331,368
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,790
$331,368

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust
Commercial
$387,000
No
First
Apr 11, 2016
Apr 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$304,063
$27,305
8%
92%
$2,321/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: Abernathy

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408 15th Street | Property Details | No Agent List