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3624 Russell Avenue
About This Property
Zoned NR (Neighborhood Retail), allowing for a variety of uses including bed and breakfasts, single-family homes, duplexes, and multifamily. Build your own multifamily enclave, tiny home community, or unique residential retreat along Elm Creek. With the way Abilene has been growing, this is a great INVESTMENT OPPORTUNITY.
CAD measurements do not reflect the legal description or a survey of the property. Buyer to verify measurements, zoning, permitted uses, and all development possibilities.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2026 | Listed by Coldwell Banker Apex, REALTORS | $55,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
| Jun 11, 2025 | Sold | ||
| Sold | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| Dec 1, 2024 | Listed by Barnett & Hill | $49,000 | |
| Listed by Barnett & Hill | |||
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Unique creekbank acre-plus lot platted in two parcels on Elm Creek at the end of a private cul-de-sac located in the center of Abilene. Floodway on that portion of lot in creekbed, .82 ac is not in floodplain. Adjacent to Riverside Park garden home neighborhood. Zoned NR - Neighborhood Retail - a land use that permits bed & breakfasts, single-family homes, duplexes, and multifamily. CAD measurements do not reflect legal description or survey of property. Build your multifamily enclave of tiny homes at the end of private street along tree-fringed Elm Creek. Listing is for 3624 and 3632 Russell. Owner-agent.
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| Nov 1, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017