401 Main St Brownwood, TX 76801
Property details
About 401 Main St
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.
Highlights
Virtual tour
Summary
- MLS Number: 20846855
- MLS Name: NTR
- Office Name: Rogers Healy and Associates
- Listing Agent: Maggie Parks-Lacamp, Kodi Nelson
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Last updated on: 2/22/2025, 12:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$999,000
401 Main St
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $278,520 | $5,001 |
| 2023 | $225,990 | $5,001 |
| 2021 | $122,870 | $2,901 |
| 2020 | $118,210 | $2,877 |
| 2019 | $118,210 | $3,081 |
| 2018 | $118,210 | $3,081 |
| 2017 | $118,210 | $3,112 |
History based on county public records data.
Nearby schools
3
R. J. Richey Elementary School
Public District 3-5
0.7 mi
•500 E Graves St
3
Bertram Elementary School
Public District PK-5
10.5 mi
•315 Main St
6
Colt Elementary School
Public District PK-5
11.3 mi
•2200 Manzano Mile
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,706. Most Brownwood, TX residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Monster Trucks
Where do the neighbors shop?
Academy Sports & Outdoors
Dollar General
Wal-Mart
Where do the neighbors go to eat?
Jimmy Johns
Hardee's
Applebees
What do the neighbors drive?
Chevrolet
GMC
Ram
What do the neighbors listen to?
New Country
Classic Country- Country
This home is located at 401 Main St in Brownwood, TX and zip code 78611. Features: 20 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since February 19, 2025 and is currently priced at $999,000.
Over 2 listings were sold over their listed price in January 2025 in Brownwood, TX. In the same period over 7 listings were sold below the listed price and 1 listings were sold for the listed price. The number of homes for sale in Brownwood, TX increased by 10.7% between December and January 2025. While the average time on the market in January 2025 was 211 days, the median list price was $405,000.