NewOwner financingHigh yield
$1,800,000
45-Unit Multifamily in Odessa, TX
TX · listed Oct 16, 2026 (12 days)
Price per unit compared
This property$40K
Within ~40 mi (8)$150K
Texas median (1,196)$92K
- $/unit
- $40,000
- ▼ 57% vs TX · 9th pct
- Cap rate
- 8.8%
- ▲ 1.4 pts vs TX median
- Gross yield
- —
- Units
- 45
- 1970
Financials
- Asking price
- $1,800,000
- Price per unit
- $40,000
- Price per sq ft
- $577
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 8.8%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 45
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1970
- Building size
- 3,120 sq ft
- Avg unit size
- 69 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Available
Listing
- Listed
- Oct 16, 2026
- Days on market
- 12 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1467
About this property
Highlights
- Price/Per Pad: $40,000
- Cap Rate Pro Forma: $8.76%
- Financing: Seller-Carry Available for a 5 year term
- Approximately 7.9 acreages
- Each home has its own septic tank, offering a one to one ratio
- The park is supported by a private well
- Public Transportation
- Airport
- Drive
- Walk
- Distance
- Midland International Air And Space Port
- 22 min
- -
- 14.7 mi
- Research In Progress
- Research In Progress
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Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Odessa, TX▼ 6% cutHigh yieldStabilized | $1.5M | $250K$250K | 10.3% |
 Odessa, TXNew | $2.28M | $99K$99K | — |
 Odessa, TX | $800K | $89K$89K | 0% |
 Odessa, TXNew | $550K | $32K$32K | — |
 Stanton, TXNew | $1.4M | $48K$48K | — |
 Monahans, TXNew construction | $4.4M | $200K$200K | — |