401 Main St |
|
| Price: | $870,000 |
| Property Type: | multi-family |
| MLS #: | 21129647 |
| 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. | |
| Area: | Brown |
| Year Built: | 1990 |
| Bedrooms: | None |
| Bathrooms: | None |
| Acres: | 0 |
| Virtual Tour: | Click here to view |
| Construction Materials : | Frame |
| Construction Materials : | Siding |
| Fireplace Features : | None |
| Heating : | Central |
Courtesy: Maxim Son • Real Broker, LLC • 
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This content last refreshed on 06/11/2026 03:45 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
