1901 Cedar Crest Dr Abilene, TX 79601
Abilene Heights NeighborhoodEstimated payment $2,303/month
Highlights
- Corner Lot
- Ceiling Fan
- Vinyl Flooring
- 1-Story Property
- Wood Siding
- Heating System Uses Natural Gas
About This Home
Attention investors seeking a strong cap rate, this fully occupied, income-producing property delivers from day one. Located in Abilene, TX, this prime investment sits on a large corner lot just minutes from Abilene Christian University, a proven driver of consistent rental demand. The property features two separate, revenue-generating units, making it an ideal addition to any investment portfolio. The main residence offers four bedrooms and two full bathrooms, highlighted by original hardwood floors. The spacious layout supports strong tenant retention, particularly for student or shared housing. The main unit is 4 bedrooms and 2 bathrooms. Connected yet fully independent, the additional home includes its own private entrance, two bedrooms, two full bathrooms, a living area, and a kitchen and functioning as a self-contained unit perfect for long-term rental income. The total square footage reported publicly for both units is 2974, buyer to verify the separate unit totals. The lot adds significant upside potential for future development, expansion, or value-add opportunities (buyer to verify zoning and use). Surrounded by high-demand amenities and within walking distance to ACU, this property combines location, cash flow, and future potential. A rare opportunity for investors focused on yield, stability, and long-term growth in a thriving rental market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,974
Year Built
- Built in 1956
Lot Details
- 0.25 Acre Lot
- Corner Lot
Home Design
- Duplex
- Pillar, Post or Pier Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 1-Story Property
- Ceiling Fan
- Vinyl Flooring
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Parking
- 2 Carport Spaces
- On-Street Parking
Schools
- Taylor Elementary School
- Craig Middle School
- Abilene High School
Utilities
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 1 / 59
- Assessor Parcel Number 53633
Community Details
Overview
- 2 Buildings
- 2 Units
- 2,974 Sq Ft Building
- Abilene Heights Subdivision
Building Details
- Gross Income $44,680
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,872 | $175,358 | $12,668 | $162,690 |
| 2023 | $3,872 | $166,017 | $9,364 | $156,653 |
| 2022 | $3,620 | $142,562 | $9,364 | $133,198 |
| 2021 | $3,623 | $134,315 | $9,364 | $124,951 |
| 2020 | $3,240 | $118,097 | $8,053 | $110,044 |
| 2019 | $2,978 | $113,440 | $7,579 | $105,861 |
| 2018 | $2,941 | $114,137 | $7,579 | $106,558 |
| 2017 | $2,812 | $113,113 | $7,579 | $105,534 |
| 2016 | $2,638 | $106,119 | $7,579 | $98,540 |
| 2015 | $2,592 | $105,388 | $7,579 | $97,809 |
| 2014 | $2,592 | $106,950 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/02/2026 02/02/26 | For Sale | $374,900 | +87.5% | $126 / Sq Ft | |
| 01/09/2025 01/09/25 | Sold | -- | -- | -- | View Prior Sale |
| 12/16/2024 12/16/24 | Pending | -- | -- | -- | |
| 12/14/2024 12/14/24 | For Sale | $199,999 | -- | $67 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21166995
APN: 02000056900
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Ask me questions while you tour the home.