16-Unit Multifamily in Big Spring, TX
Howard County, TX · listed Oct 5, 2026 (23 days)
- $/unit
- $162,500
- ▲ 76% vs TX · 81st pct
- Cap rate
- 6.7%
- ▼ 0.7 pts vs TX median
- Gross yield
- —
- Units
- 16
Financials
- Asking price
- $2,600,000
- Price per unit
- $162,500
- Price per sq ft
- $142
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 6.7%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- 18,356 sq ft
- Avg unit size
- 1,147 sq ft
- Lot size
- 0.88 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 5, 2026
- Days on market
- 23 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1267
About this property
Fully renovated 16-unit multifamily apartment complex in a prime location near Howard College in Big Spring, Texas. The building was fully renovated in 2023. Big Spring is part of the Permian Basin Oil and Natural Gas industry creating strong, stabilized cash flow in the growing West Texas market. This complex is 100% leased(as of this writing) with an active waiting list, reflecting sustained rental demand. Based on a T-3 pro forma (May–July 2026), the annualized NOI of.6.66 CAP Rate. An 8 CAP rate is possible with a slight increase in rental rates
Apartment complex. 16 units. 100 percent leased!
Location
Approximate area. The exact address is shared on request.
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