1 / 5High yieldStabilized
$3,900,000
31-Unit Multifamily in Big Lake, TX
Reagan County, TX · listed Jun 29, 2026 (121 days)
Price per unit compared
This property$126K
Texas median (1,029)$100K
- $/unit
- $125,806
- ▲ 26% vs TX · 64th pct
- Cap rate
- 9.9%
- ▲ 2.5 pts vs TX median
- NOI
- $385K
- $12,405/unit/yr
- Units
- 31
- 2016
Financials
- Asking price
- $3,900,000
- Price per unit
- $125,806
- Price per sq ft
- $146
- Gross rent / year
- Not stated
- Net operating income
- $384,545
- NOI per unit
- $12,405
- Cap rate
- 9.9%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 31
- Unit mix
- Majority Two Bedrooms With Parity
- Buildings
- Not stated
- Year built
- 2016
- Building size
- 26,676 sq ft
- Avg unit size
- 861 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 29, 2026
- Days on market
- 121 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2179
About this property
The Only Apartment Community in the County — 9.86% Cap Rate, Fully Furnished, Zero Competition
Highlights
- 2016 Vintage With Low Deferred Maintenance Cost
- Strong Historical Occupancy – 5 Years Of Occupancy History Provided
- Strong Unit Mix: Majority Two Bedrooms With Parity
- All Units Come Furnished
- Offered Free And Clear Of Existing Debt
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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 Odessa, TXNew | $2.28M | $99K$99K | — |
 Odessa, TXNewOwner financingHigh yield | $1.8M | $40K$40K | 8.8% |
 Odessa, TXNew | $550K | $32K$32K | — |