401 Main Street, Brownwood, TX 76801

Brownwood
Local realty services provided by:ERA Newlin & Company
401 Main Street,Brownwood, TX 76801
$870,000
Virtual Tour
  • 20 Beds
  • 10 Baths
  • 7,140 sq. ft.
  • Multi-family
  • Active
Listed by: maxim son
Office: real broker, llc.
MLS#:21129647
Source:GDAR

Price summary

  • Price:$870,000
  • Price per sq. ft.:$121.85

About this home

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...

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Home facts

  • Year built:1990
  • Subdivision & Development:Rankin
  • Listing ID #:21129647
  • Added:401 day(s) ago
  • Updated:October 03, 2026 at 12:42 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:10
  • Full bathrooms:10
  • Flooring:Luxury Vinyl Plank
  • Kitchen Description:Built In Refrigerator, Dishwasher, Electric Cooktop, Electric Oven
  • Living area:7,140 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1990
  • Building area:7,140 sq. ft.
  • Lot area:0.49 Acres
  • Construction Materials:Frame
  • Levels:1 Story

Schools

  • High school:Brownwood
  • Middle school:Brownwood
  • Elementary school:Coggin

Finances and disclosures

  • Price:$870,000
  • Price per sq. ft.:$121.85
  • Tax amount:$6,702

Features and amenities

  • Appliances:Built In Refrigerator, Dishwasher, Electric Cooktop, Electric Oven

Parking

  • Total parking spaces:20
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated October 3, 2026 Listings with the NTREIS logo are listed by brokerages other than ERA Newlin & Company.

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