- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
$870,000
Monthly Est:$4,330
20 Beds
10 Baths10 full baths
7,140sqft
401 Main St, Brownwood, TX 76801
$870,000
$4,330/moEst:
Get Pre-Approved
Apartment
Built in 1990
$-- HOA
0.49 acre lot
$122/sq.ft
Description
Cash-flowing 10-unit property with super strong occupancy in an unbeatable downtown Brownwood location. All utilities separately metered and paid by tenants. The property offers multiple value add strategies including conversion to 20 units or conversion to STR. The property is sitting on a 0.5 acre lot in a prime location on Main St, offering excellent visibility and unbeatable convenience for tenants. 5 minute walk to the Howard Payne University campus and 7 min min drive to Hendrick Medical Center. $120k+ of improvements in recent years including updated electrical, plumbing, LVP flooring, new parking lot, and more. All units have identical layout - 2 bed 1 bath and 720 sqft - perfect size for single, retiree, or small family. Each unit features a dishwasher and W-D hookups. Location of the property offers significant upside potential supported by the award-winning Brownwood downtown revitalization project. Last but not least, enjoy the effective property tax rate of 0.6% with ultra-low tax appraised value! Contact listing agent for details.
- Houzeo last checked: 8 minutes ago
- Listing updated: May 19, 2026 at 5:56 pm
- Listing Provided by: Maxim Son | Real Broker, LLC (855) 450-0442
- Source: NTREIS MLS-TX | MLS#: 21129647
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1990
HOA Fees
-
Finished Area
7,140 sqft
Lot Size
0.49 acre lot
Basement Area
- sqft
MLS Name
NTREIS MLS
MLS Number
21129647
MLS Status
Active
Cumulative Days on Market
160
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 20
Bathrooms: 10
Interior
Heating
Central
Flooring
Luxury Vinyl Plank
Sewer
Public Sewer
Interior Features
Open Floorplan
Cooling
Central Air
Appliances
Built In Refrigerator, Dishwasher, Electric Cooktop, Electric Oven
Construction
Year Built
Year Built: 1990
Home type
Apartment
Construction Materials
Frame
Foundation Details
Other
Roof
Composition
Utilities & Energy
Fireplace Features
None
Pool Features
None
Utilities
Electricity Connected, Sewer Available, Water Available
Water Source
Public
Parking Features
Concrete, Paved
Other Features
Patio And Porch Features
None
Subdivision Name
Rankin
Price History
| Date | Event | Price |
|---|---|---|
05/19/2026 Source: #21129647 | Price Decreased | $870,000 -3.23% $122/sqft |
04/13/2026 Source: | Price Decreased | $899,000 -5.27% $126/sqft |
08/27/2025 Source: | Listed for Sale | $949,000 $133/sqft |
08/27/2025 Source: | Off Market | $949,000 -2.67% $133/sqft |
06/13/2025 Source: | Listing Removed | $975,000 -2.40% $137/sqft |
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Based on information from the North Texas Real Estate Information Systems, Inc., through Oct 12, 2026, 05:00AM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. ©2026 North Texas Real Estate Information Systems, Inc. All Rights Reserved.
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