18,356 sqft

$2,600,000

1712 E 3rd, Big Spring TX, 79720

Price per sqft$141.64

Built in1969

Property size18,356 sqft

Property typeCommercial

Overview

Active

Listed Oct 2, 2026

Updated 4 weeks ago

Fully renovated 16-unit multifamily apartment complex in a prime location near Howard College in Big Spring, Texas. The building was fully renovated in 2023. Big Spring is part of the Permian Basin Oil and Natural Gas industry creating strong, stabilized cash flow in the growing West Texas market. This complex is 100% leased(as of this writing) with an active waiting list, reflecting sustained rental demand. Based on a T-3 pro forma (May–July 2026), the annualized NOI of .6.66 CAP Rate. An 8 CAP rate is possible with a slight increase in rental

Additional information

MLS^® ID: 177943

Interior Features

Basement: No

Exterior Features

Lot Size: 0.89 Acres

Other Property Details

Taxes: $3,415
Tax Frequency: Annually

Also listed on Permian Basin Board of REALTORS®

Listed by Robert Wilson with Legacy Real Estate
Listing Contact: 432-901-3699

The IDX display contains information sourced from the Odessa Board of REALTORS® as of 10/3/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/3/2026 at 4:07 AM UTC