401 Main Street
Brownwood, TX 76801
- 20 beds
- 10 baths
- 7,140 sqft
- ~1/2 acre lot
- $139 per sqft
- 1990 build
- – on site
The Brownwood Cottages is a turnkey, income-producing multi-family investment consisting of 10 units across five duplexes in Brownwood, TX. Generating strong cash flow with low operating expenses, this property offers individually metered utilities (electric and water paid by tenants), low property taxes ($5,787 annually, under 7% of scheduled income), and minimal maintenance costs due to recent renovations, including updated plumbing (2023), HVAC (2020), and new appliances. With high occupancy and strong rental demand, the property benefits from its prime location near Howard Payne University and major employers. Don't miss out on this rare opportunity to acquire a stable, high-yield asset in a growing rental market.
Last checked:
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Last updated Feb 20, 2025
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MLS# 20846855 —
The Building
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Year Built:1990
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Year Built Details:Preowned
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Accessibility Features:No
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Roof:Composition
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Foundation Details:Pillar/Post/Pier
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Levels:One
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Construction Materials:Wood
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Building Area Total:7140.00
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Building Area Source:Assessor
Interior
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Interior Features:Open Floorplan
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Flooring:Luxury Vinyl Plank
Location
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Directions:From US-377, take Main St toward downtown Brownwood. Please use GPS.
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Latitude:31.72124600
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Longitude:-98.98418900
The Property
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:000000055806
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Lot Size SqFt:21300.8400
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Lot Size Acres:0.4890
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Lot Size Area:0.4890
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Lot Size Units:Acres
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# of Buildings:5
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Lot:150x1
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Tax Block:11
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Tax Legal Description:RANKIN, BLOCK 11, LOT 150X142
Beds
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Bedrooms Total:20
Baths
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Total Baths:10.00
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Total Baths:10
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Full Baths:10
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20846855
Heating & Cooling
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Heating:Central
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Cooling:Ceiling Fan(s), Central Air
Utilities
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Utilities:City Sewer, City Water, Electricity Connected, Individual Water Meter
Appliances
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Appliances:Dishwasher, Electric Oven, Refrigerator
Schools
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School District:Brownwood ISD
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Elementary School:Northwest
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Elementary School Name:Northwest
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Middle School Name:Brownwood
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High School Name:Brownwood
The Community
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Subdivision Name:Rankin
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Pool:No
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Association Type:None
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Complex Name:The Brownwood Cottages
Parking
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# of Parking Spaces:8
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Parking Features:Asphalt
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/19/25
Feb 19, 2025
|
Listed / Active | NTREIS | $999,000 |
