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17-Bedroom Multifamily Property
For Sale
$550,000

12715 W 3rd St, Odessa, TX 79763

Commercial Sale, Odessa, TX

Property Size6,375 SF
Lot Size2.54 Acres
Price / SF$86.27
Days on Market111

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: Heritage Real Estate
Listed By: Jonathan Purkey · License #794391
Added: Jun 8 Changed: Sep 16 Last Checked: Sep 26 at 8:06PM
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 multifamily income property in Odessa, Texas, includes 17 bedrooms within 6,375 square feet of building area. Constructed in 2015, the improvements use wood construction with wood studs, a composition and flat roof system, and central hot water. Water service is provided through a private well.

The property occupies 2.54 acres at 12715 W 3rd St in West Odessa, within Ector County. Its combination of residential income use, substantial bedroom count, and sizable land area defines the asset’s physical profile. The site is offered for sale and is identified as a multifamily property.

Key Highlights

  • 17‑bedroom multifamily income property
  • 6,375 square feet of building area
  • Situated on 2.54 acres

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Hair Salon Nail Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

33
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Wood-frame income property with private well service and central hot water in Odessa, Texas.
Where is this multifamily property 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: 17‑bedroom multifamily income property; 6,375 square feet of building area; Situated on 2.54 acres
More about this property
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