22-Unit Apartment
For Sale
$4,400,000
405 W 4th St, Monahans, TX 79756
Residential Income, Monahans, TX
Property Size21,454 SF
Lot Size1.03 Acres
Price / SF$205.09
Days on Market70
Property Features for 405 W 4th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Appliances
Free-Standing Electric Range, Refrigerator, Individual Water Heaters
Subdivision
Hudler
Elementary school
Monahans
Middle school
Monahans
High school
Monahans
Standard status
Active
APN
666227
Size
21,454 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Annual Amount
0
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
laundry rooms
Building Details
Year built
2025
Building materials
Brick Veneer, Stucco
Roof type
Composition
Listing Agency:
The Prichard Group
(432) 978-6973
Listed By:
Heather Prichard · License #0486680
(432) 614-6967
Added: Jun 30
Changed: Sep 4
Last Checked: Sep 7 at 10:06AM
MLS# 174109
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 offering combines two new-construction apartment complexes on 1.03 acres with 21,454 square feet of property area. The completed complex contains 10 units, including eight 2BR/1.5BA residences and two 1BR/1BA residences; most are furnished and currently used as corporate housing. A second complex under construction adds 12 units, comprising five 2BR/2BA and seven 1BR/1BA residences. Both properties feature open-concept interiors, contemporary finishes, laundry rooms, all-electric systems, and separate metering.
The properties are located at 405 W 4th St in Monahans, Ward County, Texas. Improvements include brick veneer and stucco construction, composition roofs, central air conditioning, central electric heat, free-standing electric ranges, refrigerators, and individual water heaters. Public water and public sewer serve the site, and the listed year built is 2025.
The properties are located at 405 W 4th St in Monahans, Ward County, Texas. Improvements include brick veneer and stucco construction, composition roofs, central air conditioning, central electric heat, free-standing electric ranges, refrigerators, and individual water heaters. Public water and public sewer serve the site, and the listed year built is 2025.
Key Highlights
- 22 total apartment units across two complexes: 10 completed units and 12 units under construction
- 10‑unit mix: 8 (2BR/1.5BA) and 2 (1BR/1BA)
- 12‑unit mix: 5 (2BR/2BA) and 7 (1BR/1BA)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 79756, TX
10,318
Population
4,318
Households
2.4
Avg Household Size
35
Median Age
10%
College-Educated
80%
High-School Grad
158.5 sq mi
ZIP Area
65
Density / Sq Mi
$70,924
Median Household Income
$46,511
Median Earnings
$960
Median Rent
$153,200
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 - Two newly built multifamily properties offer separately metered residences with open layouts and laundry rooms.
Where is this apartment building located?
The property is located at 405 W 4th St Monahans, TX.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 22 total apartment units across two complexes: 10 completed units and 12 units under construction; 10‑unit mix: 8 (2BR/1.5BA) and 2 (1BR/1BA); 12‑unit mix: 5 (2BR/2BA) and 7 (1BR/1BA)
