MULTIFAMILYRADAR
5-Unit Multifamily in Big Spring, TX, photo 1
Owner financingStabilized
$599,900

5-Unit Multifamily in Big Spring, TX

Howard County, TX · listed Oct 21, 2025 (372 days)

Price per unit compared
This property$120K
Texas median (1,196)$92K
$/unit
$119,980
▲ 30% vs TX · 66th pct
Cap rate
5.3%
▼ 2.1 pts vs TX median
NOI
$32K
$6,380/unit/yr
Units
5
2 bldg

Financials

Asking price
$599,900
Price per unit
$119,980
Price per sq ft
$160
Gross rent / year
Not stated
Net operating income
$31,900
NOI per unit
$6,380
Cap rate
5.3%
Gross yield
Not stated
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
5
Unit mix
3 bedrooms/2 baths, Historic Rock Living Room, Laundry room & a Quadplex, of two apartments with 2 bedrooms with two baths and 2 apartments of one bedroom/ 2 baths each
Buildings
2
Year built
Not stated
Building size
3,750 sq ft
Avg unit size
750 sq ft
Lot size
0.24 acres
Condition
Stabilized

Deal terms

Owner financing
Available

Listing

Listed
Oct 21, 2025
Days on market
372 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
2103

About this property

Historic Rock House (3 bedrooms/2 baths, Historic Rock Living Room, Laundry room & a Quadplex, of two apartments with 2 bedrooms with two baths and 2 apartments of one bedroom/ 2 baths each in the historic two story building. Complete remodeling and furnished in 2022. NEW ROOF, NEW SIDING & NEW PARKING LOT done in 2025, Short/ long term rentals to O&G and energy sector staff, traveling healthcare professionals & AirBNB rental income. 100% occupancy, low maintenance cost. Owners moved to DFW. Great investment property, self sustaining and Historic. Adjacent newly completed commercial parking lot negotiable for additional price. Call co-owner agent Naj Hasan for showing or more details. This is one of a kind high end residence in West Texas

Special Instructions: Notice requested for showing. Some owner short term financing available for Qualified buyer. Property manager intends to manage after sales if desired by new owner.

Multifamily | 5 Units | $119,980/unit

Highlights

• Quadplex and a Ranch style house • Historic 3 bedrooms/2 baths house with living room, full kitchen, laundry and breakfast area. • • 4 newly remodeled and fully furnished apartments with private entrances • • One of a kind Historic but updated property in West Texas • • In business district near Court House, banks and businesses • • Built-in Cliental of Oil Refinery, State Hospital, Scenic Hospital visitors with other energy sectors travelers • • Airbnb guests traveling between Austin to New Mexico (Pet friendliness gets a lot of guests) • • New Highway coming by Big Spring to enhance more traffic to the City and increase of value and incomes • • A COMMERCIAL PROPERTY, currently a rental house of 3 bed/2 baths with 2 lands lots can be added to the portfolio for an additional $275,000 if desired. That property (address on request), Big Spring, TX 79720 is located on FM 700 between Sonic restaurant and Citizens Credit Union.

Location

Approximate area. The exact address is shared on request.

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