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West Odessa Income Property
For Sale
$550,000

12715 W 3rd St, Odessa, TX 79763

17-bedroom income property on 2.5 acres in West Odessa.

Property Size6,375 SF
Lot Size2.50 Acres
Price / SF$86.27
Days on Market184

Property Features for 12715 W 3rd St

General Information

Standard status Active
Size 6,375 SF
Lot size 2.50 Acres

Building Details

Year Built 2015
Listing Agency: Keller Williams
Listed By: Jonathan Purkey · License #794391
Source: Rickerlooney
Added: Mar 27 Changed: Sep 12 Last Checked: Sep 26 at 10:38AM

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 Keller Williams

Investment Insights

Based on property information with market context.

This income property in West Odessa features 17 bedrooms and is situated on a 2.5-acre lot. The property offers a cash-flow opportunity and is located in an area with high demand for workforce housing. The asset provides immediate revenue with room for rental growth. The acreage offers potential for further development, such as additional units or storage. The property size is 6375 square feet.

Key Highlights

  • High‑yield income property with immediate revenue
  • Significant cash‑flow opportunity in West Odessa
  • Prime location with high demand for workforce housing

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Hair Salon Nail Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

34
Businesses Nearby

Demographics for 79763, TX

39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 17-bedroom income property on 2.5 acres in West Odessa.
Where is this apartment building located?
The property is located at 12715 W 3rd St Odessa, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High‑yield income property with immediate revenue; Significant cash‑flow opportunity in West Odessa; Prime location with high demand for workforce housing
More about this property
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