# 5008 E Hwy 158, Midland, TX 79706

> **TL;DR:** 5bd/4ba residential multi family, $515,000 ($114/sqft), built 1940, 4,522 sqft.
> Fireplace, A/C, RV Parking. Est. $2,754/mo. Listed 75 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $515,000 |
| Price/sqft | $114 |
| Bedrooms | 5 |
| Bathrooms | 4 |
| Square Feet | 4,522 |
| Year Built | 1940 |
| Lot Size | 87,120 sqft (2.00 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 75 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,604 |
| Estimated Insurance | $150 |
| **Total** | **$2,754** |

## Nearby Schools

- **Elementary:** Greenwood
- **Middle:** Greenwood
- **High:** Greenwood

## Key Amenities

- Fireplace
- A/C
- RV Parking

## Property Highlights

- Built in 1940
- 2.00 acre lot
- Fireplace

## Description

### Agent 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.

## Location

- **Address:** 5008 E Hwy 158, Midland, TX 79706
- **County:** Midland
- **Coordinates:** 31.9664856, -101.9824112
- **Google Maps:** https://www.google.com/maps?q=31.9664856,-101.9824112

## Virtual Tour & Media

- **Video Tour:** tour.usamls.net/5008-E-Hwy-158-Midland-TX-79706--50097630/unbranded

## Listing Agent

- **Name:** Dale Lookabaugh
- **Brokerage:** AD2 Real Estate, LLC dba The Bill Lanier Team
- **Broker Phone:** (432) 682-1144
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/5008-E-Highway-158_Midland_TX_79706_M98306-90157?f=listhub&s=PBBRTX&m=50097630&c=propsimple)

## Photos

![5008 E Hwy 158 - Photo 1](http://lh.rdcpix.com/793538842a992b7875ff3e346383273fl-f3215165451r.jpg)

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![5008 E Hwy 158 - Photo 39](http://lh.rdcpix.com/793538842a992b7875ff3e346383273fl-f1503331869r.jpg)

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![5008 E Hwy 158 - Photo 51](http://lh.rdcpix.com/793538842a992b7875ff3e346383273fl-f1137404290r.jpg)

---

**MLS#:** 50097630 | **Updated:** 2026-10-22
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/5008-e-hwy-158-midland-tx-79706-628f6ff9f5cc460081758a2af527584a)

---

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