MULTIFAMILYRADAR
12-Unit Multifamily in Monahans, TX, photo 11 / 30
New construction
$2,449,000

12-Unit Multifamily in Monahans, TX

Ward County, TX · listed May 8, 2026 (173 days)

Price per unit compared
This property$204K
Within ~40 mi (7)$99K
Texas median (1,029)$100K
$/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.

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