401 MAIN STREET, BROWNWOOD, TX 76801
Homes for sale in Brownwood.
Homes for sale in 76801.
401 Main Street
Brownwood, TX 76801
List Price$975,000
Listing #20846855
About This Property
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.
Property Features
Location Information
County
Brown
Subdivision
Rankin
Interior Features
Interior
Open Floorplan
Cooling
Central Air, Ceiling Fan(s)
Full Baths
10
Floors
Luxury Vinyl Plank
Has Fireplace
No
Appliances
Dishwasher, Electric Oven, Refrigerator
Heating
Central
Total Number of Units
10
Exterior Features
Stories
1
Pool Description
None
Construction
Wood Siding
Lot Size in Acres
0.489
Foundation
Pillar/Post/Pier
Lot Size in Sq. Ft.
21,300
Roof
Composition
Buildings
5
Water / Sewer
Electricity Connected, Sewer Available, Separate Meters, Water Available
Building Total Area (Sq. Ft.)
7,140
Utilities
Electricity Connected, Sewer Available, Separate Meters, Water Available
Is One Story
Yes
Parking Description
Asphalt
School
Elementary School District
Brownwood ISD
Jr. High School
Brownwood
Elementary School
Northwest
High School
Brownwood
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Duplex
Tax Annual Amount
5784.0
Year Built
1990
Similar Listings
Mortgage Calculator
$4,552
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,513
Monthly Tax
$812
Monthly Insurance
$227
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Maggie Parks-Lacamp, Rogers Healy and Associates
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NTREIS - North Texas data last updated at June 7, 2025, 11:39 AM CT
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