5-Unit Multifamily in Big Spring, TX
Howard County, TX · listed Oct 21, 2025 (372 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Value-add | $850K | $106K$106K | — |
Stabilized | $2.6M | $163K$163K | 6.7% |
Stanton, TXNew | $1.4M | $48K$48K | — |
Owner financingValue-add | $299K | $33K$33K | — |
Odessa, TX▼ 6% cutHigh yieldStabilized | $1.5M | $250K$250K | 10.3% |
San Angelo, TX▼ 1% cutStabilized | $752K | $150K$150K | — |


