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20 Beds
10 Baths
7,140 sqft

$870,000

401 Main Street, Brownwood TX, 76801

Price per sqft$121.85
Built in1990
Property size7,140 sqft
Property typeCondominium

Overview

Active

Updated Jun 8

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 ultra-low tax appraised value! Contact listing agent for details.

$5,788/mo

Est. mortgage payment based on a $870,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
21129647

Interior Features

Bedrooms
20
Bathrooms
10
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.49 Acres

Other Property Details

Taxes
$6,702
Tax Frequency
Annually
55+/Senior Community
No

Listed by Maxim Son with Real Broker, LLC
Listing Contact:  

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 6/8/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 6/8/2026 at 2:46 PM UTC

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