Updated Duplex with
4319 Storey Ave Midland, TX 79703
New
For Sale
$420,000
MULTI_FAMILY - Midland, TX
Property Size2,510 SF
Lot Size0.22 Acres
Price / SF$167.33
Days on Market2
Property Features for 4319 Storey Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 1
- Patio and Porch features
- Patio
- Exterior features
- Fence-Wood, Patio-Covered
- Fencing
- Fenced
- Fireplace
- 1
- Standard status
- Active
- Size
- 2,510 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Description
- LOT: 010 E/2 & W/2, ADDN: DELLWOOD SEC 2
- Tax Annual Amount
- 2668
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Roof type
- Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Jacobe Kendrick · License #TREC 0653934
(432) 312-1305
Added: Jul 23
Last Checked: Jul 24 at 10:06AM
MLS# 50096969
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.
Investment Insights
Based on property information with market context.
This updated duplex offers two residential units, each with 3 bedrooms and 2 bathrooms. Units include a private entrance, comfortable living space, and access to a spacious courtyard.
The property is located in Midland, Texas at 4319 Storey Ave. It is across from Doug Russell Pool and within walking distance of Bonham Elementary and Alamo Junior High.
Set on a 0.216-acre lot, the duplex totals 2,510 square feet. It presents a straightforward residential income setup with two separate entries and shared outdoor courtyard access.
The property is located in Midland, Texas at 4319 Storey Ave. It is across from Doug Russell Pool and within walking distance of Bonham Elementary and Alamo Junior High.
Set on a 0.216-acre lot, the duplex totals 2,510 square feet. It presents a straightforward residential income setup with two separate entries and shared outdoor courtyard access.
Key Highlights
- Duplex built in 1975 with two updated 3‑bedroom, 2‑bath units
- Each unit includes a private entrance and living space, plus access to a spacious courtyard
- Central heating and central air conditioning
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $13.80 |
| − Vacancy | −$2.6k | −$1.04 |
| EGI | $32.0k | $12.77 |
| − OpEx | −$9.6k | −$3.83 |
| NOI | $22.4k | $8.94 |
2,510 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$320.4K
$280.4K – $373.8K
NOI $22,428 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,910 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$592.1K
$518.1K – $690.8K
NOI $41,445 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Each updated unit includes 3 bedrooms, 2 bathrooms, private entry, and access to a spacious courtyard.
Where is this duplex located?
The property is located at 4319 Storey Ave Midland, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Duplex built in 1975 with two updated 3‑bedroom, 2‑bath units; Each unit includes a private entrance and living space, plus access to a spacious courtyard; Central heating and central air conditioning
