Stabilized Renovated Asset in Odessa, Texas

2100 E 10th St, Odessa, TX 79761

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Stabilized, renovated apartment complex in Odessa, Texas, a prime investment.

Type:Multifamily

HighLights

High‑yield investment opportunity due to lender‑approved short sale structure and high going‑in cap rate.
Located in Odessa, Texas, the operational center of the Permian Basin, the #1 oil and gas producer in the U.S.
Strong Odessa economy outperforming national averages with consistent GDP expansion and record‑high labor force.
Resilient demand for mid‑market, garden‑style apartments supported by major employers and a diverse tenant base.
Steady rent growth in the Odessa apartment market, with average one‑bedroom rents reaching approximately $1,147.
Projected yield significantly outperforms current market averages.

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Listing Contact

Richard Robson

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For Sale

Contact for pricing

Stabilized, renovated apartment complex in Odessa, Texas, a prime investment.

Type:Multifamily

Added:: Apr 3, 2026
Days on Market:: 68
Last Refresh:: Apr 3 at 5:08 am

Property Features for 2100 E 10th St

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

Richard Robson

Listing agent Richard Robson License #TX: 692631

Listing office Dallas Office

Listing date Apr 3, 2026

Source Marcusmillichap

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All listing content including descriptions, pricing, images are the copyrighted material of Dallas Office

HighLights

High‑yield investment opportunity due to lender‑approved short sale structure and high going‑in cap rate.
Located in Odessa, Texas, the operational center of the Permian Basin, the #1 oil and gas producer in the U.S.
Strong Odessa economy outperforming national averages with consistent GDP expansion and record‑high labor force.
Resilient demand for mid‑market, garden‑style apartments supported by major employers and a diverse tenant base.
Steady rent growth in the Odessa apartment market, with average one‑bedroom rents reaching approximately $1,147.
Projected yield significantly outperforms current market averages.

Overview

The Paddocks Apartments presents an opportunity to acquire a stabilized, renovated asset in Odessa, Texas. Odessa is a city serving as the operational heartbeat of the Permian Basin, the #1 producer of oil and gas in the United States. As of early 2026, the Odessa economy continues to outperform national averages, bolstered by a regional GDP that has expanded consistently and a labor force that reached record highs in 2025. Major employers like Halliburton, Saulsbury Company, and the Ector County Independent School District provide a deep and diverse tenant base. The demand for mid-market, garden-style housing remains resilient. The Odessa apartment market has seen steady rent growth, with average monthly rents for one-bedroom units reaching approximately $1,147. The property offers a compelling yield spread for investors looking to capitalize on a market defined by high energy-sector wages and a 1.6%–2.5% annual job growth rate. This acquisition is structured as a lender-approved short sale, providing a rare entry point at a high-going-in cap rate and a projected yield that significantly outperforms current market averages.

Location Intelligence

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The Paddocks Apartments Apartment Complex Spanish Oaks Apartments Apartment Building Regal Roofing Roofing Company

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Local Demand

City: Odessa
County: Ector
State: Texas
Longitude: -102.3506
Latitude: 31.861574

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For sale
Apartment buildings
TX
Odessa
79761
2100 E 10th St

What type of property is this?

Apartment building - Stabilized, renovated apartment complex in Odessa, Texas, a prime investment.

Where is this apartment building located?

The property is located at 2100 E 10th St Odessa, TX.

What are key features of this property?

This property features: High‑yield investment opportunity due to lender‑approved short sale structure and high going‑in cap rate.; Located in Odessa, Texas, the operational center of the Permian Basin, the #1 oil and gas producer in the U.S.; Strong Odessa economy outperforming national averages with consistent GDP expansion and record‑high labor force.