MULTIFAMILYRADAR
8-Unit Multifamily in Big Spring, TX, photo 11 / 2
Value-add
$850,000

8-Unit Multifamily in Big Spring, TX

Howard County, TX · listed Mar 24, 2026 (217 days)

Price per unit compared
This property$106K
Texas median (1,196)$92K
$/unit
$106,250
▲ 15% vs TX · 59th pct
Cap rate
—
 
Gross yield
—
 
Units
8
3 bldg · 2000

Financials

Asking price
$850,000
Price per unit
$106,250
Price per sq ft
$117
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
87%

As stated by the seller. Verify during due diligence.

Building

Units
8
Unit mix
8 units, each with 3 bedrooms and 1 bathroom
Buildings
3
Year built
2000
Building size
7,238 sq ft
Avg unit size
905 sq ft
Lot size
0.48 acres
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Mar 24, 2026
Days on market
217 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1041

About this property

Sagewood Apartments is an 8-unit multifamily property located at 900–(address on request) in Big Spring, offering stable income with upside potential. The property is currently 87% occupied with a strong, consistent tenant base, making it a solid opportunity for both investors seeking immediate cash flow and those looking to continue improving the asset.

Built in 2000, the property sits on approximately 0.48 acres and features 7,238 square feet of leasable space. All units are three-bedroom, one-bath layouts with functional, open-concept living, dining, and kitchen areas, along with in-unit washer and dryer hookups—features that are highly desirable for long-term tenants in this market.

The property has seen ongoing improvements, including recent window replacements, new flooring in select units, and fresh interior and exterior paint. There is also ample space on-site to accommodate shared parking for all residents, adding to the overall practicality and tenant appeal.

Located just south of Downtown Big Spring at the corner of Scurry Street and W 9th Street, 900–902 Scurry offers a strong mix of accessibility and privacy within an established commercial corridor. Positioned just east of South Gregg Street, a primary north–south thoroughfare, the property benefits from proximity to high-traffic retail and daily amenities while maintaining a quieter setting along Scurry Street.

8-Unit Asset with Strong Cash Flow, 87% Occupancy, and Value-Add Upside

Highlights

  • Unit Mix: 8 units, each with 3 bedrooms and 1 bathroom
  • Strong, stable tenant base with consistent occupancy and reliable rental history
  • Ongoing updates as tenants turn over, including recently replaced windows, fresh paint, and new flooring in select units - current renovations completed as of March 2026
  • Located on the same block as strong retail performers like HTeaO and Mr. Scrubs Wash, offering excellent commercial synergy and convenience
  • Convenient location just minutes from downtown’s cultural district, as well as nearby grocery stores and retail centers
  • The property is minutes from downtown Big Spring, providing easy access to local employment, shopping, and services. It is also approximately 10 minutes from Interstate 20 for convenient regional connectivity and within a 30-minute drive of Midland, a key employment hub in West Texas
  • On-site parking available, providing ease and accessibility for residents
  • Positioned in a market supported by diverse employment sectors, including AI infrastructure, oil and gas, and pipeline workforce demand
  • Includes an experienced on-site maintenance manager, ensuring efficient property upkeep and high tenant satisfaction

Location

Approximate area. The exact address is shared on request.

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