701 Greenfield Road
About This Property
Fully fenced with quality goat fencing and cross-fenced for horses or other livestock, this property is ideal for animal lovers or hobby farmers. A well-equipped barn with electric and water is already in place, adding immediate value and convenience. The land features a great mix of clay and sandy loam soil, providing excellent footing and drainage for animals and a solid foundation for building.
The property has light restrictions to protect your investment, including:
No mobile homes
Minimum 1,500 sq. ft. site-built homes only (barndominiums welcome!)
Minimal restrictions designed to ensure structural integrity, visual appeal, and quality land use
Whether you're looking to build your dream home, bring your animals, or simply enjoy wide-open Texas skies, this property is a fantastic opportunity with the space and freedom you've been looking for.
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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 |
|---|---|---|---|
| Aug 26, 2026 | Price Decreased |
$139,900
↓ $3K
(2.3%) | |
| Price Decreased | |||
| Aug 30, 2025 | Listed by Trinity Ranch Land Cross Plain | $143,150 | |
| Listed by Trinity Ranch Land Cross Plain | |||
| Oct 2, 2022 | No longer available | - | |
| No longer available | |||
| Jul 21, 2022 | Listed by Abilene Group Premier Real Estate Advisors LLC | $349,900 | |
| Listed by Abilene Group Premier Real Estate Advisors LLC | |||
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Located in southeast Abilene (Potosi), this farm house built in 1965 sitting on just over 13.6 acres, is ready to become someone's horse property or just a great little secluded homestead with acreage! The home is the quintessential FIXER UPPER, ready for love and creativity, with a split floor plan that has 3 bedrooms, 2 full baths, 2 living areas, patio, and a stone fireplace. A new roof was added in 2022, so there is one less thing off the list! There is a large shed with 2 12x12 Priefert Premier horse stalls, as well as 2 custom built 12x12 loafing sheds. New perimeter fencing was added within the last couple of years, with only one small section left that needs new fence. This fine property sits in the much desired Wylie Schools, with the K-8th grade apart of Wylie East Schools. Come check this one out before it's too late ! The manager has listed the unit size as 1842 square feet.
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| Jul 10, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017