1 / 17▼ 6% cutHigh yieldStabilized
$1,497,000
6-Unit Multifamily in Odessa, TX
Ector County, TX · listed Aug 5, 2026 (83 days)
▼ Reduced 6.4% on Sep 14, 2026, was $1,598,900
Price per unit compared
This property$250K
Within ~40 mi (8)$94K
Texas median (1,029)$100K
- $/unit
- $249,500
- ▲ 150% vs TX · 90th pct
- Cap rate
- 10.3%
- ▲ 3.0 pts vs TX median
- NOI
- $154K
- $25,730/unit/yr
- Units
- 6
- 1 bldg · 2021
Financials
- Asking price
- $1,497,000
- Price per unit
- $249,500
- Price per sq ft
- $133
- Gross rent / year
- $214,927
- Net operating income
- $154,379
- NOI per unit
- $25,730
- Cap rate
- 10.3%
- Gross yield
- 14.4%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- 3 bedroom / 2 bath
- Buildings
- 1
- Year built
- 2021
- Building size
- 11,232 sq ft
- Avg unit size
- 1,872 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 5, 2026
- Days on market
- 83 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Sep 14, 2026: $1.6M → $1.5M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1889
About this property
A near-new, fully furnished six-unit townhome portfolio in the heart of downtown Odessa — each unit 3 bedroom / 2 bath with a 2-car garage and 1,872+ square feet — operated as a professionally-managed short-term rental across Airbnb, VRBO, and direct-booking channels, plus recurring corporate lease income. Trailing 12-month operations show $214,927 in gross revenue against just $53,547 in operating expenses, a 74% operating margin, for sale off-market at nearly an 11% cap rate.
10 CAP Newer Townhome Fully Furnished Units
Highlights
- Near-new construction 3-2-2 1872 sq. feet (built approx. 2021) — minimal near-term capex.
- Six fully furnished units, turnkey and move-in / move-in-guest ready today.
- Diversified income mix — nightly STR platforms blended with recurring lease income.
- 835 reservation nights booked across the trailing 12-month period.
- Motivated seller — priced to move, off-market, ahead of a formal listing.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Odessa, TXNew | $2.28M | $99K$99K | — |
 Odessa, TXNewOwner financingHigh yield | $1.8M | $40K$40K | 8.8% |
 Odessa, TX | $800K | $89K$89K | 0% |
 Odessa, TXNew | $550K | $32K$32K | — |
 Monahans, TXNew construction | $1.72M | $215K$215K | 0% |
 Monahans, TXNew construction | $2.45M | $204K$204K | — |