401 Main Street, Brownwood, TX 76801

Local realty services provided by:ERA Myers & Myers Realty
401 Main Street,Brownwood, TX 76801
$949,000
  • 20 Beds
  • 10 Baths
  • 7,140 sq. ft.
  • Multi-family
  • Active
Listed by:paul infinger325-646-5979
Office:lone star home & loan
MLS#:21044456
Source:GDAR

Price summary

  • Price:$949,000
  • Price per sq. ft.:$132.91

About this home

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.

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Home facts

  • Year built:1990
  • Listing ID #:21044456
  • Added:1 day(s) ago
  • Updated:August 29, 2025 at 12:43 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:10
  • Full bathrooms:10
  • Living area:7,140 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Electric

Structure and exterior

  • Roof:Composition
  • Year built:1990
  • Building area:7,140 sq. ft.
  • Lot area:0.49 Acres

Schools

  • High school:Brownwood
  • Elementary school:Coggin

Finances and disclosures

  • Price:$949,000
  • Price per sq. ft.:$132.91
  • Tax amount:$6,940
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated August 29, 2025 Listings with the NTREIS logo are listed by brokerages other than ERA Myers & Myers Realty.