Selected for the Terner Labs Housing Venture Lab

2202 and 2204 S 12th Street, Abilene, TX 79605

Active
Listed 132 days ago
Owner-Occupant Eligible
$300,000

About $1,111 a month to live here, after the rent from the other home.

Duplex2,384 sqft5 beds3 bathsListed Jul 3, 2026

A duplex. Live in one home and rent out the other. How it works

Live here for about

$1,111a month

The other home rents for $1,303. We hold back $254 of that for repairs and an empty month, and the rest goes toward a $2,160 monthly payment.

Income to qualify: about $49,000 a year

With how much down?

At 20% down ($60,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $41,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$10,500 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Centrally located on a prime corner lot, this versatile duplex offers an outstanding opportunity for investors or owner-occupants seeking rental income potential. Featuring two separate units with private yards and a 16' x 40' shop with electricity, this property delivers flexibility, functionality, and long term value in the heart of Abilene. Unit 1 (3 Bedroom, 2 Bath, 1,664 SF): This spacious two story unit has been thoughtfully updated and offers an open, comfortable layout. The upper level features an oversized living area, three bedrooms, one bathroom, and an exterior staircase that provides convenient access to the covered carport. The lower level offers a flexible bonus room ideal for a home office, playroom, or study, plus a combined bathroom and laundry room. This unit also enjoys a private fenced yard and direct access to the workshop. Unit 2 (2 Bedroom, 1 Bath, 720 SF): Located on the ground level, this charming unit offers a functional floor plan with two bedrooms, one bathroom, and its own private yard, creating a sense of privacy and independence. Additional Features: A 16' x 40' workshop with electricity provides excellent space for storage, hobbies, or equipment needs. Whether you're expanding your investment portfolio or searching for a live-in-one, rent-the-other opportunity, this centrally located duplex offers a rare combination of flexibility, income potential, and usable outdoor space.

Duplex

Property Type

10,019 sqft

Lot Size

1947

Year Built

Listing Date: 07/03/2026

Listed by: Kayla Couch

Listing office: RE/MAX Big Country

Source: NTREIS #21293998

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$300,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$300,000
Your Down Payment$60,000
Financed$240,000
Estimated Monthly Payment$2,160

Before rent: principal and interest at 5.6% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($60,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,160/month
Principal + Interest
$1,378
Property Taxes
$352
Home Insurance
$430
Rental Income (1 Unit)
$1,303/month

From the listing description.

Rental Expenses
-$254
Cost to live here
$1,111/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

NTREIS logo

MLS# 21293998 · Listing office: RE/MAX Big Country

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.