About This Home

This 5-bedroom, 4-bathroom residential multi family at 5008 E Hwy 158 in Midland, TX is listed for $515,000 ($114 per sqft). Built in 1940, the home offers 4,522 sqft of living space on a 2.00 acres lot.

Key Features

  • Built in 1940
  • 2.00 acre lot
  • Fireplace

Property Details

1 story
1940

Amenities

FireplaceA/CRV Parking
Listing Description

Versatile Multi-Residence Property on ~2 Acres in Greenwood ISD - Ideal for Investors, Business Owners, or Live-Work Living! Located in Greenwood ISD featuring 3 updated residences, ideal for investors, employee housing, or live-work use. Horse-ready with 3 stalls, tack room, corral, & water trough.

Plenty of space for trailers, (2)RV hookups, & livestock. Includes water well, metal roof, 2-car garage, 2-car carport & outdoor entertainment space. Located just minutes from town, this unique property offers excellent income potential & flexibility for multi-family living or business operations.

Monthly Cost Estimate

$2,754/mo

20% down · 6.5% · 30 years

Principal$372
Interest$2,232
Insurance$150

Estimates only. Actual payments may vary.

Location

5008 E Hwy 158

Midland, TX 79706

Features & Amenities

Exterior Features

Barn/StableFence-MetalGuest QuartersPatio-CoveredPatio-OpenWood Deck

Property Details

Outdoor Features

DeckPatio

Parking

RV

Heating

Central

Cooling

Central Air

Questions & Answers

This 5-bedroom, 4-bathroom residential multi family at 5008 E Hwy 158 is listed at $515,000 ($114/sqft). The estimated monthly payment is $2,754 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 2.00 acre lot, Fireplace. Exterior Features: Barn/Stable, Fence-Metal, Guest Quarters.

This property is listed by Dale Lookabaugh.

DL

Dale Lookabaugh

Agent at AD2 Real Estate, LLC dba The Bill Lanier Team

Listed by AD2 Real Estate, LLC dba The Bill Lanier Team · Broker phone: (432) 682-1144 · View on Broker Site · Broker website

MLS# 50097630· Source: Permian Basin Board of Realtors· 73 days on PropertySimple

Copyright © 2026 Permian Basin 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.

5008 E Hwy 158, Midland, TX 79706

Open this listing in: