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32598213
32598211

2400 College Avenue, Midland, TX 79701

AH
TX: 775636
ERES Companies
Listed by ERES Companies
$400,000
23 days on market
Updated 23 days ago

2400 College Avenue

Details
Property Type Multifamily, Office
Sub Type Executive Office, Apartment Building (+1)
Square Footage 2,499
Units 4
Cap Rate 8.00%
Tenancy Vacant
Class C
Year Built 1948
Acreage 0.161
Investment Type Value Add

Multifamily | 8.00% CAP | 4 Units

Marketing description

2400 College Avenue presents a unique multifamily investment opportunity in Midland, Texas, offering four 1 bedroom / 1 bathroom units totaling approximately 2,499 square feet. Positioned in an established neighborhood, the property provides investors with multiple income strategies, including long-term rentals, short-term rental conversion, or an Airbnb-focused operating model.

The asset is located in one of Texas’s strongest energy-driven markets, where workforce housing, contractor demand, and corporate travel continue to support rental demand. With a stated pro forma cap rate of 8%, seller willingness to negotiate closing costs, and property management already in place, this offering is positioned for investors seeking cash flow, upside, and operational flexibility.

2400 College Avenue is located in Midland, Texas, within an established residential neighborhood near major area roadways, employers, and service amenities. Midland sits at the center of the Permian Basin, one of the most active energy-producing regions in the United States, supporting demand for workforce housing, corporate housing, long-term rentals, and short-term rental opportunities.


Investment highlights

  • 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

Listing Contacts

AH
TX: 775636
ERES Companies
Listed by ERES Companies

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