About This Home

This 0-bedroom, 0-bathroom commercial at 1712 E 3rd in Big Spring, TX is listed for $2,600,000 ($142 per sqft). Built in 1969, the home offers 18,356 sqft of living space on a 0.89 acres lot.

Key Features

  • Built in 1969
  • 0.89 acre lot

Property Details

1969
Listing Description

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

Monthly Cost Estimate

$13,905/mo

20% down · 6.5% · 30 years

Principal$1,880
Interest$11,267
Insurance$758

Estimates only. Actual payments may vary.

Location

1712 E 3rd

Big Spring, TX 79720

Property Details

Construction

Wood Construction Wood Studs

Appliances

Individual AC UnitsIndividual Heating Units

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1712 E 3rd is listed at $2,600,000 ($142/sqft). The estimated monthly payment is $13,905 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1969, 0.89 acre lot.

This property is listed by Robert Wilson.

RW

Robert Wilson

Agent at LEGACY REAL ESTATE MIDLAND

Listed by LEGACY REAL ESTATE MIDLAND · Broker phone: 4326876500 · View on Broker Site · Broker website

MLS# 177943· Source: Odessa Board of Realtors· 7 days on PropertySimple

Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1712 E 3rd, Big Spring, TX 79720

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