MULTIFAMILYRADAR
8-Unit Multifamily in Monahans, TX, photo 11 / 5
New construction
$1,720,000

8-Unit Multifamily in Monahans, TX

Ward County, TX · listed May 8, 2026 (173 days)

Price per unit compared
This property$215K
Within ~40 mi (7)$99K
Texas median (1,029)$100K
$/unit
$215,000
▲ 115% vs TX · 87th pct
Cap rate
0%
▼ 7.3 pts vs TX median
Gross yield
—
 
Units
8
1 bldg · 2025

Financials

Asking price
$1,720,000
Price per unit
$215,000
Price per sq ft
$344
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
0%
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
8
Unit mix
8 newly built 2BR/1.5BA apartment units
Buildings
1
Year built
2025
Building size
5,000 sq ft
Avg unit size
625 sq ft
Lot size
0.32 acres
Condition
New construction

Deal terms

Owner financing
Not stated

Listing

Listed
May 8, 2026
Days on market
173 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1088

About this property

Excellent investment opportunity in the heart of Monahans, Texas! This 5,000 sq ft multifamily property sits on.32 acres in the highly desirable Delaware Basin region. Featuring 8 newly built 2BR/1.5BA apartment units with modern finishes and strong tenant appeal, this turnkey asset is perfectly positioned to benefit from the continued growth of the oil and gas industry. Conveniently located near major employers, shopping, dining, and everyday amenities, this property offers strong income potential, long-term stability, and excellent upside in one of West Texas’ most active rental markets.

Investment Opportunity - 8 Door Apartment Complex

Highlights

8-door apartment complex featuring spacious 2BR/1.5BA units located in the heart of the Delaware Basin in Monahans, Texas. This turnkey investment opportunity offers modern construction, attractive finishes, and strong tenant appeal in one of the nation’s most active energy markets. Conveniently located near major employers, shopping, and dining, the property is well-positioned for long-term growth and stable cash flow in a high-demand workforce housing market.

Location

Approximate area. The exact address is shared on request.

Similar buildings nearby

PropertyPrice$/unitCap
22-Unit Multifamily in Monahans, TXMonahans, TX
New construction
$4.4M$200K—
12-Unit Multifamily in Monahans, TXMonahans, TX
New construction
$2.45M$204K—
9-Unit Multifamily in Odessa, TXOdessa, TX$800K$89K0%
17-Unit Multifamily in Odessa, TXOdessa, TX
New
$550K$32K—
6-Unit Multifamily in Odessa, TXOdessa, TX
▼ 6% cutHigh yieldStabilized
$1.5M$250K10.3%
23-Unit Multifamily in Odessa, TXOdessa, TX
New
$2.28M$99K—