5108 FM 307, Midland, TX 79706

Listing agent Thomas Johnston License #542176 Show Phone

Listing office The Real Estate Ranch LLC 6 Desta Drive Suite 1260, Midland, TX Show Phone

Listing date May 29, 2026

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MLS# 160744

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.

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Overview

This multifamily property is located in Midland, TX, and offers an opportunity to build rental income or add to an existing portfolio. Situated on 2.93 acres with 195 feet of frontage on FM 307, the property includes four leased units, with three having new two-year leases. The property is located near I-20, close to business parks, and Greenwood ISD. The property has a total size of 8,840 square feet. There is potential for value-add by adding RV spots.

Suggested Use

Building Supply Auto Repair Shop Accounting Firm Cafe & Coffee Shop Car Rental Facility Pet Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Midland

County

Midland

State

Texas

Longitude

-101.993104

Latitude

32.0033772

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FAQs

What type of property is this?

Residential income property - Multifamily property on 2.93 acres near I-20.

Where is this residential income property located?

The property is located at 5108 FM 307 Midland, TX.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: Four leased units provide immediate rental income.; Located in Greenwood ISD on 2.93 acres with 195' frontage on FM 307.; Three units have new 2‑year leases.