# 401 Main Street, Brownwood, TX 76801

> **TL;DR:** 20bd/10ba multi-family, $870,000, built 1990.
> Fireplace. Est. $3,770/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $870,000 |
| Bedrooms | 20 |
| Bathrooms | 10 full |
| Year Built | 1990 |
| Lot Size | 21,301 sqft (0.49 acres) |
| Stories | 1 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,770 |
| **Total** | **$3,770** |

## Nearby Schools

- **Elementary:** Coggin

## Key Amenities

- Fireplace

## Property Highlights

- Built in 1990
- 0.49 acre lot
- 20 parking spaces
- Fireplace

## Description

### Agent Description
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.

## Location

- **Address:** 401 Main Street, Brownwood, TX 76801
- **County:** Brown
- **Neighborhood:** Rankin
- **Coordinates:** 31.721241, -98.984181
- **Google Maps:** https://www.google.com/maps?q=31.721241,-98.984181

## Listing Agent

- **Name:** Maxim Son
- **Brokerage:** Real Broker, LLC
- **Phone:** 8554500442
- **Email:** max@my512realtor.com

## Primary Photo

![401 Main Street - Primary Photo](http://lh.rdcpix.com/05f3f5ecf0b65459dc0b23218db0d0d6l-f2639246802r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/401-main-street-brownwood-tx-76801-21129647)*

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**MLS#:** 21129647 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/401-main-street-brownwood-tx-76801-21129647)

---

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