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    220 S Oak Ave Kermit, TX 79745

    For Sale
    $130,000

    MULTI_FAMILY - Kermit, TX

    Property size:
    2,000 SF
    Lot size:
    0.27 Acres
    Days on Market:
    49
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 220 S Oak Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 5
    Bedrooms
    6
    APN
    8536
    Parking features
    On Street, Garage
    Appliances
    Free-Standing Electric Range, Refrigerator
    Size
    2,000 SF
    Lot size
    0.27 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Building materials
    Frame, Stucco, Asbestos, Block
    Roof type
    Composition

    Michel Real Estate (432) 586-6681

    Listing agent Duff Michel (432) 208-0621

    Listing date Oct 18, 2025

    Copyright © 2025 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.

    Overview

    Multifamily Property in Kermit, TX

    This multifamily property in Kermit, TX, presents an opportunity for rental income or accommodating a large or extended family. The property, situated on a 0.27-acre lot, includes multiple units. The property requires renovation. The units are equipped with window AC and space heaters, while the house has central heat and window AC. The property size is approximately 2000 square feet. Note that the square footage is estimated and needs to be verified.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Kermit
    County
    Winkler
    State
    Texas
    Longitude
    -103.0948207
    Latitude
    31.85875247

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property suitable for rental income or large family.
    Where is this multifamily property located?
    The property is located at 220 S Oak Ave Kermit, TX.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: - Multi-unit property ideal for rental income or extended family living.; - Potential for income generation.; - House includes central heating for comfort.
    (432) 208-0621
    Request Owner's contact information
    220 S Oak Ave Kermit, TX 79745
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    Kermit, TX 79745
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 S Oak Ave Kermit, TX 79745
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