31-Unit Multifamily in Midland, TX
Midland County, TX · listed Oct 6, 2026 (22 days)
- $/unit
- $161,290
- ▲ 61% vs TX · 78th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 31
Financials
- Asking price
- $5,000,000
- Price per unit
- $161,290
- Price per sq ft
- $28
- 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
- 31
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- 178,596 sq ft
- Avg unit size
- 5,761 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Available
Listing
- Listed
- Oct 6, 2026
- Days on market
- 22 days
- On MultifamilyRadar
- Oct 29, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2247
About this property
FOR SALE
601 George presents an opportunity to acquire a 31-unit residential investment portfolio within a 38-unit HOA community in Midland, Texas. The offering combines spacious apartments, completed property improvements, and positive rent-roll momentum under new management.
The apartments feature generously sized floor plans with ample living space, complemented by covered parking for added resident convenience. Many units have benefited from upgrades to plumbing, electrical systems, water heaters, and air conditioning, along with flooring improvements and interior remodeling.
The 31-unit portfolio is operating near full occupancy, with two units currently undergoing remodeling. New management has made significant strides in improving rent-roll performance, providing a stronger operating foundation for incoming ownership.
HOA fees include water, electricity for common areas, and property insurance, consolidating several key ownership expenses. With improvements already in place and additional remodeling underway, 601 George offers investors an opportunity to build on the property’s progress.
Contact the seller for current rent-roll information, operating expenses, and additional property details.
OWNER FINANCING AVAILABLE
Highlights
- Upgraded building systems: Many units feature upgrades to plumbing, electrical systems, water heaters, and air conditioning.
- Interior improvements: Flooring upgrades and remodeling enhance unit appeal and the resident experience.
- Strong management momentum: New management has made significant improvements in rent-roll performance.
- HOA-covered expenses: HOA fees include water, electricity for common areas, and property insurance, simplifying ownership and expense management.
Location
Approximate area. The exact address is shared on request.
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