1 / 3012-Unit Multifamily in Monahans, TX
Ward County, TX · listed May 8, 2026 (173 days)
- $/unit
- $204,083
- ▲ 104% vs TX · 86th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 12
- 1 bldg · 2026
Financials
- Asking price
- $2,449,000
- Price per unit
- $204,083
- Price per sq ft
- $223
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 2026
- Building size
- 11,000 sq ft
- Avg unit size
- 917 sq ft
- Lot size
- 0.64 acres
- Condition
- New construction
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 8, 2026
- Days on market
- 173 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1813
About this property
Excellent investment opportunity in the heart of Monahans, Texas! This 11,000 sq ft multifamily property sits on.64 acres in the highly sought-after Delaware Basin region. Featuring 12 newly built apartment units with modern finishes and strong tenant appeal, this turnkey asset is ideally positioned to capitalize on the continued growth driven by the oil and gas industry. Conveniently located near major employers, shopping, dining, and everyday amenities, this property offers outstanding income potential, long-term stability, and excellent upside in one of West Texas’ strongest rental markets.
New Construction - 12 Unit Property - Investment Opportunity
Highlights
Located in the heart of the Delaware Basin, this brand-new 12-door apartment complex in Monahans, Texas offers an exceptional investment opportunity in one of the nation’s most active energy markets. Designed for modern living and strong tenant appeal, the property features quality construction, attractive finishes, and a prime location with convenient access to major employers, dining, and everyday amenities. With continued growth driven by the oil and gas industry, Monahans remains in high demand for workforce housing, making this a rare chance to acquire a turnkey multifamily asset with excellent income potential and long-term upside.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Monahans, TXNew construction | $4.4M | $200K$200K | — |
Monahans, TXNew construction | $1.72M | $215K$215K | 0% |
Odessa, TX | $800K | $89K$89K | 0% |
Odessa, TXNew | $550K | $32K$32K | — |
Odessa, TX▼ 6% cutHigh yieldStabilized | $1.5M | $250K$250K | 10.3% |
Odessa, TXNew | $2.28M | $99K$99K | — |





