Description
4-unit quadplex totaling approximately 2,499 SF All units are 1 bed / 1 bath, approximately 625 SF each Listed for sale at $400,000 Stated pro forma cap rate of 8% Located in Midland, TX, in the heart of the Permian Basin Opportunity to operate as long-term rentals or convert to Airbnb / short-term rental use Seller may assist with up to 6% of closing costs Existing property management in place Investment positioned for workforce housing, contractor housing, or short-term rental demand. Zone SF2 and, all inspections are to be done by the buyer and adequate will be given
Details
| MLS # | 50095369 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 92 |
| Listing Provided By | ENERGY REAL ESTATE SOLUTIONS | Alonso Hernandez |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,500 |
| Acreage | 0.16 |
Taxes
| Tax Annual Amount | 2424.16 |
|---|
Area Information
| State | TX |
|---|---|
| County | Midland |
| City | Midland |
| Zip Code | 79701 |
| Area | ME7 |
| Community Name | College Heights |
| School District | Midland |
| Elementary School | 349 |
| High School | Midland |
| Listing VS Median (in College Heights) | |
Price: $400,000 low | high Med: $314,500 sqft: 2,500 low | high Med: 1,881 $ / sqft: $160 low | high Med: $171 On site: 92 low | high Med: 70 | |
Market Activity 79701
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Learn More About This Property
| State | TX |
|---|---|
| County | Midland |
| City | Midland |
| Zip Code | 79701 |
| Area | ME7 |
| Community Name | College Heights |
| School District | Midland |
| Elementary School | 349 |
| High School | Midland |
| Listing VS Median (in College Heights) | |
Price: $400,000 low | high Med: $314,500 sqft: 2,500 low | high Med: 1,881 $ / sqft: $160 low | high Med: $171 On site: 92 low | high Med: 70 | |
Nearby Listings (Within 1/10 mile)
Price: $300K - $500K
sqft: 1,500 - 3,000
Listing Updated: July 13, 2026 at 1:49:20 PM PDT