Apartment Income Building with Private
For Sale
$550,000
12715 W 3rd St, Odessa, TX 79763
COMMERCIAL - Odessa, TX
Property Size6,375 SF
Lot Size2.54 Acres
Price / SF$86.27
Days on Market171
Property Features for 12715 W 3rd St
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Central Hot Water
Subdivision
Knox Village Ranchettes Phase 5
Standard status
Active
APN
16820.00010.32500
Size
6,375 SF
Lot size
2.54 Acres
Taxes and HOA fees
Tax Annual Amount
2650
Utilities
Water source
Well, Private
Building Details
Year built
2015
Floors in Building
1
Building materials
Wood Construction, Wood Studs
Roof type
Flat, Composition
Listing Agency:
Keller Williams Realty - Midland & Odessa
(432) 520-5151
Listed By:
Jonathan Purkey · License #794391
(432) 770-6013
Added: Feb 19
Changed: Aug 4
Last Checked: Aug 9 at 5:06PM
MLS# 167513
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.
Investment Insights
Based on property information with market context.
This apartment income property is a 17-bedroom residential building on a 2.54-acre lot. Built in 2015, it includes central hot water and uses a private well for water service. Construction is wood framed with wood studs, and the roof is a composition, flat roof system.
Set on the listed acreage, the property is described as a workforce housing-focused income asset in West Odessa, Odessa, TX (Ector County). The building’s configuration supports use as rental housing, and the lot size provides additional on-site space for future options.
With central hot water, private well water, and wood construction throughout, the asset is positioned as a residential income building that may appeal to buyers looking for an on-site rental setup supported by the existing utilities and improvements.
Set on the listed acreage, the property is described as a workforce housing-focused income asset in West Odessa, Odessa, TX (Ector County). The building’s configuration supports use as rental housing, and the lot size provides additional on-site space for future options.
With central hot water, private well water, and wood construction throughout, the asset is positioned as a residential income building that may appeal to buyers looking for an on-site rental setup supported by the existing utilities and improvements.
Key Highlights
- 2.54‑acre lot with a 17‑bedroom income building
- Built in 2015
- 6,375 SF apartment income property
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,323
Businesses Nearby
Explore this area
Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment income property built in 2015 with a private well water source and central hot water service.
Where is this apartment building located?
The property is located at 12715 W 3rd St Odessa, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2.54‑acre lot with a 17‑bedroom income building; Built in 2015; 6,375 SF apartment income property
