$139,000
$11K PRICE DROP

Estimated payment $783/month

Total Views 8,568
3 Beds
1 Bath
1,020 Sq Ft
$136 Price per Sq Ft

Highlights

  • 32 Acre Lot
  • 1-Story Property
  • Carpet

About This Home

Two rent houses on 0.32 acres. 438 Cherry is a 2 bedroom, 1 bath, 732-sqft home on a 0.14 ac lot; 446 Cherry is 1 bedroom, 1 bath, 288-sqft home on a 0.18 on the corner of S 8th and Cherry. Both tracts are zoned LI Light Industrial. 438 Cherry leases for $700 per mo with the tenant paying all bills. 446 Cherry leases for $450 per mo with tenant paying all bills. Ideal for redevelopment either for commercial or residential use.

Listing Agent

John Hill

Barnett & Hill Brokerage Phone: 325-677-3500 License #0627718 Listed on: 04/12/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $486

Year Built

  • Built in 1958

Parking

  • Off-Street Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Bowie Elementary School
  • Madison Middle School
  • Cooper High School

Additional Features

  • 1-Story Property
  • 32 Acre Lot

Listing and Financial Details

  • Legal Lot and Block 5 / 58
  • Assessor Parcel Number 40739

Community Details

Overview

  • 4 Buildings
  • 2 Units
  • 1,020 Sq Ft Building
  • Ot Abilene Subdivision

Building Details

  • Gross Income $13,800
  • Net Operating Income $8,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$486

Year Built

Built in 1958

Lot Details

32 Acres

Listing Details

  • OWNERNAME: Chase Crenwelge
  • Property Type: Residential Income
  • Unit Levels: One
  • Year Built Details: Preowned
  • Attribution Contact: 325-677-3500
  • CapRate: 6.33
  • Co List Office Mls Id: BHAB
  • HumanModifiedYN: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48441:40739
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Interior Amenities: Other
  • Flooring: Carpet, Laminate

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Community Features: Curbs
  • Roof: Composition
  • Pool Features: None
  • Waterfront: No
  • RoadSurfaceType: Asphalt

Garage/Parking

  • Cooling System: Other
  • Parking Features: Off Street

Utilities

  • Heating: Other
  • Utilities: Electricity Available, Electricity Connected, Municipal Utilities, Sewer Available, Water Available

Schools

  • Elementary School: Bowie
  • High School: Cooper
  • Junior High Dist: Abilene ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 32.0
  • Parcel Number: 40739
  • Lot Size Acres: 32.0
  • Lot Size Sq Ft: 1393920.0

Building Info

  • Year Built: 1958
  • Units Total: 2

Multi Family

  • Insurance Expense: 1500.0
  • Annual Gross Income: 13800.0
  • Property Net Operating Income: 8800.0

Tax Info

  • TaxBlock: 58
  • Tax Lot: 5
  • Tax Annual Amount: 486.0

MLS Schools

  • MiddleOrJuniorSchool: Madison

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $411 $24,956 $9,144 $15,812
2023 $411 $17,039 $2,888 $14,151
2022 $417 $16,417 $2,888 $13,529
2021 $383 $14,206 $2,888 $11,318
2020 $326 $11,898 $2,888 $9,010
2019 $300 $11,437 $2,888 $8,549
2018 $288 $11,171 $2,888 $8,283
2017 $277 $11,127 $2,888 $8,239
2016 $277 $11,163 $2,888 $8,275
2015 $258 $10,763 $2,310 $8,453
2014 $258 $10,656 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2026 04/28/26 Price Changed $139,000 -7.3% $136 / Sq Ft
04/12/2026 04/12/26 For Sale $150,000 -- $147 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- None Available
Vendors Lien -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $9,500 Purchase Money Mortgage
Source: Public Records

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21237234

North Texas Real Estate Information Systems (NTREIS)

APN: 40739

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