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5108 Fm 307 Midland, TX 79706

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Sponsored
For Sale
$1,044,000

COMMERCIAL - Midland, TX

Property size:
8,840 SF
Lot size:
2.93 Acres
Days on Market:
284
Last Refresh:
Mar 16 at 3:06 pm

Property Features for 5108 Fm 307

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
8,840 SF
Lot size
2.93 Acres

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Listing Contact
Thomas Johnston
Thomas Johnston

The Real Estate Ranch LLC (432) 688-8200

Listing agent Thomas Johnston ABR /CNHS (512) 970-1610

Listing date Jun 6, 2025

MLS# 50082714

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.

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Property Insight Report

Overview

Midland Multifamily Investment Opportunity

This multifamily property is located in Midland, TX, and offers a great 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 is located within Greenwood ISD and is close to I-20, business parks, and Greenwood ISD. The property includes four units, with three currently leased under new two-year terms. The total property size is 8,840 square feet. There is potential for value-add by adding a few RV spots. This property is intended for use as a residential income property.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Multifamily properties

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
-101.9933684
Latitude
32.00418271

FAQs

What type of property is this?
Multifamily property - Multifamily property on 2.93 acres with existing rental income.
Where is this multifamily property located?
The property is located at 5108 Fm 307 Midland, TX.
What is the asking price?
The asking price for this property is $1,044,000.
What are key features of this property?
This property features: - Four leased units providing immediate rental income.; - Located in Greenwood ISD with **2.93 acres** and **195' frontage on FM 307**.; - Three units have new 2-year leases.
More about this property
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