401 Main Street
Brownwood, Texas 76801
20
Bed
10
Bath
0.49Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 20Bathroom Information
Total Baths: 10 Full Baths: 10 -
Interior Features
Open FloorplanAppliances
Built-in Refrigerator,Dishwasher,Electric Cooktop,Electric OvenUtilities
City Sewer,City Water,Electricity Connected -
Cooling Features
Central AirHeating Source
CentralFireplace
Fireplace Features: None
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Building Information
Built Year: 1990 Building Area Total: 7,140 Construction: Frame,Siding Roof Type: Composition -
Foundation
Other -
Patio And Porch
NoneConstruction Materials
Frame,Siding
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Lot Information
Lot Size (Acr): 0.4890 Lot Size Units: Acres Lot Size Square Feet: 21,301 -
Property Information
Property Type: Residential Income Property Sub Type: Apartment Subdivision: Rankin City: Brownwood State: Texas Directions: Drive on Main St turn, find 401 Main st, go around the building to turn into the parking lot Property Status: Active Levels: One Property Age: 36 Year Built Details: Preowned
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Listing Price Information
Original List Price: $870,000 -
Listing Information
Possession: Closing/Funding,Subject to Lease
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Tax Information
Parcel Number: 000000055806 Tax Block: 11 Tax Legal Description: RANKIN, BLOCK 11, LOT 150X142 Unexempt Taxes: $6,702
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Parking Information
Parking: 20 Parking Features: Concrete,Paved -
Homeowners Association Information
HOA Type: None
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School Information
Elementary School: Coggin Middle School: Brownwood High School: Brownwood School District: Brownwood ISD -
Utility Information
Utilities: City Sewer,City Water,Electricity Connected
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 8801 Fm 45, Brownwood, TX, 76801 | $1,459,875 | 3 | 2 | 2,600 | 2,600 SqFt |
| 2904 4th Street, Brownwood, TX, 76801 | $269,000 | 4 | 2 | -- | |
| 2001 6th Street, Brownwood, TX, 76801 | $210,000 | 3 | 2 | 1,476 | 1,476 SqFt |
| 201 Cove Circle, Brownwood, TX, 76801 | $595,000 | 3 | 2 | 1,554 | 1,554 SqFt |
| 8982 County Road 149, Brownwood, TX, 76801 | $199,000 | 1 | 1 | 584 | 584 SqFt |
| 1115 County Road 147, Brownwood, TX, 76801 | $423,000 | 3 | 3 | 2,747 | 2,747 SqFt |
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ByOwner last updated this listing 06/03/2026 @ 20:24
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