1 / 58-Unit Multifamily in Monahans, TX
Ward County, TX · listed May 8, 2026 (173 days)
- $/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
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Monahans, TXNew construction | $4.4M | $200K$200K | — |
Monahans, TXNew construction | $2.45M | $204K$204K | — |
Odessa, TX | $800K | $89K$89K | 0% |
Odessa, TXNew | $550K | $32K$32K | — |
Odessa, TX▼ 6% cutHigh yieldStabilized | $1.5M | $250K$250K | 10.3% |
Odessa, TXNew | $2.28M | $99K$99K | — |





