1412 Mockingbird Ln, Midland, TX 79705

Building Details

Year Built

2019

Listing agent BART WICKARD

Listing office b***@berkadia.com

Listing date Apr 14, 2026

Source Properties.berkadia

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of BART WICKARD

Report an issue

---

Overview

This multifamily property presents an opportunity for investors seeking immediate cash flow, with an existing cash-on-cash yield exceeding 8%. Current in-place rents are approximately 5.36% below market rates, providing a clear opportunity to increase yield through rent adjustments. Effective rents at the property have increased 8.28% year-over-year, indicating strong demand and the potential for continued rent growth under new ownership. The property is offered at a discount to current replacement cost, allowing investors to acquire a stabilized, income-producing asset at a lower basis than new construction costs. With no new supply delivering to the whole market, no concessions currently being offered, 2025 evidenced market rent growth of 9.3% showcasing the asset’s ideal position to capitalize on a constrained competitive set and outsized near-term rent growth.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Kitchen & Bath Showroom

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

Location Insight

• Map
• Local Demand

City

Midland

County

Midland

State

Texas

Longitude

-102.094411

Latitude

32.056555

Nearby Similar for Sale

• 

  $871,500

  5,000 SF

  Highly Visible Midland Office Building

  Former state office with high visibility and traffic.

  3900 E Hwy 158, Midland, TX 79706

  View Details
• 

  $2,200,000

  22,000 SF

  Spacious Midland Flex/Industrial Property

  22,000 SF flex/industrial building on 5 acres in Midland.

  11610 W County Rd 40, Midland, TX 79707

  View Details
• 

  $2,150,000

  14,600 SF

  Midland Commercial Property on 2.85 Acres

  2.85 acres with frontage on Wall St. and BankHead Highway.

  3915 W Wall St, Midland, TX 79701

  View Details
• 

  $799,900

  1,830 SF

  Midland Commercial Property on Corner

  Commercial property on high-traffic corner lot in Midland, Texas.

  2800 W Wall St, Midland, TX 79701

  View Details
• 

  $3,200,000

  28,921 SF

  Multi-Building Industrial Flex Complex

  Multi-building industrial complex with office support, cranes, and multiple roll-up doors on Highway 158.

  3611 E Hwy 158, Midland, TX 79705

  View Details
• 

  $450,000

  3,200 SF

  Midland Commercial Property For Sale

  3,200 SF commercial building with office and gated yard.

  1609 E Taylor, Midland, TX 79701

  View Details
• 

  $1,149,000

  5,000 SF

  Premium Office and Warehouse Space

  High-quality 5000 sqft office and warehouse with recent construction.

  3010 S County Rd 1250, Midland, TX 79706

  View Details
• 

  $675,000

  4,656 SF

  Versatile Building Near Downtown Midland

  Adaptable 4,656 SF building suitable for various purposes.

  405-407 N Terrell St, Midland, TX 79701

  View Details
• 

  $1,270,000

  660 SF

  Retail Site in Growing Corridor

  2-acre site with 660 SF building in Midland, TX.

  6213 FM 307, Midland, TX 79706

  View Details
• 

  $2,500,000

  5,500 SF

  Multi-Use Property in Midland, TX

  New construction, multi-use property with commercial and residential potential.

  5801 E Loop 250, Midland, TX 79706

  View Details
• 

  $1,200,000

  6,250 SF

  Midland Shop/Office Combo on Acres

  6250 SF shop/office combo on ~5 acres in Midland, TX.

  9807 FM 307, Midland, TX 79706

  View Details
• 

  $1,400,000

  8,386 SF

  Downtown Midland Office Building For Sale

  Two-story, 8,386 SF office building in downtown Midland, TX.

  213 N Main St, Midland, TX 79701

  View Details

FAQs

What type of property is this?

Apartment building - Cash-flowing multifamily property with significant rent growth potential.

Where is this apartment building located?

The property is located at 1412 Mockingbird Ln Midland, TX.

What are key features of this property?

This property features: Enjoy an **8+% cash‑on‑cash yield** from day one.; Increase yield through mark‑to‑market rent growth (current rents 5.36% below market).; Available at a significant discount to current replacement cost.