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849 Grape Street

Abilene, TX 79601

$250,000

2 units · 1924

Units2
Building area2,068 sq ft
Year built1924
Gross income$48,000/yr
Cap rate15.6% as listed
Parking6 spaces
Lot size0.299 acres
TypeResidential Income

What it costs to own

Taxes$2,652 per year
HOANone listed
Operating expenses$6,000 per year — as listed
Insurance$3,000 per year — as listed
Net operating income$39,000 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Nice home, needs a little work, but rentable as is... large spacious rooms with hardwood floors, Brand new HVAC with recent foundation work done. Currently renting apartment for $1500 per month. Main Home is staged to do short term rentals for $3000 per mo but has not been rented yet due to delay of foundation scheduling. Annual Gross Income listed is if both unites were leased, main home showing vacant for owner occupant or potential rental possibility
buyer to verify all measurements and info . Revenue estimates are guesstimated as we do not have the records from before it was taken over

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringWood
AppliancesDishwasher, Electric Range
Interior featuresDecorative Lighting

Construction materialsVinyl Siding
RoofComposition
FoundationPillar/Post/Pier

Water sourceCity Water
SewerCity Sewer

SubdivisionOt Abilene

ElementaryJohnston
Middle schoolCraig
High schoolAbilene
DistrictAbilene ISD

Gross income$48,000 per year
Operating expenses$6,000 per year
Insurance$3,000 per year
Cap rate15.6% — as listed
Net operating income$39,000 per year

MLS #21127616
Source
Price changeIncreased by $50,100 · Jan 11, 2026
On the market35 days
CountyTaylor

Around this home

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Listing courtesy of Hatchett & Co. Real Estate — Lisa Rosenbaum.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Nearby in ABILENE

Three more worth a conversation.

849 A Grape Street, Abilene, TX 79601

$250,000

4 bd · 3 ba · 2,068 sq ft · 0.3 ac

849 A Grape Street

Abilene, TX 79601

Listing courtesy of Hatchett & Co. Real Estate

2328 Ave D, Abilene, TX 79601

$250,000

2 units · 1953

2328 Ave D

Abilene, TX 79601

Listing courtesy of Village Real Estate

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21127616. Information last updated January 11, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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