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17-Bedroom Residential Income Property
For Sale
$550,000

12715 W 3rd St, Odessa, TX 79763

Income property offering 17 bedrooms on a 2.5-acre lot in West Odessa.

Lot Size2.50 Acres
Days on Market161

Property Features for 12715 W 3rd St

General Information

Standard status Active
Lot size 2.50 Acres
Property subtype Commercial

Building Details

Building Size 6,375 SF
Year Built 2015
Listing Agency: Keller Williams
Listed By: Jonathan Purkey
Source: Re1midland
Added: Feb 19 Changed: Jul 28 Last Checked: Jul 30 at 11:57AM

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 17-bedroom residential income property is offered for sale on a 2.5-acre lot. The asset is positioned to serve workforce housing needs as a multi-unit rental property, with the site size providing room to consider additional units or storage.

The property is located at 12715 W 3rd St in West Odessa, Texas. Its acreage footprint supports flexibility for future planning beyond the existing rental configuration.

For investors and operators looking for a larger residential income parcel, this offering combines a 17-bedroom unit count with substantial land area for potential expansion ideas, subject to applicable approvals.

Key Highlights

  • Income property built in 2015 offering 17 bedrooms
  • Set on a 2.5‑acre lot in West Odessa
  • Designed for rental income with immediate revenue potential

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Computer & Electronic Repair Restaurant Kitchen & Bath Showroom

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

1,323
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

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 - Income property offering 17 bedrooms on a 2.5-acre lot 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: Income property built in 2015 offering 17 bedrooms; Set on a 2.5‑acre lot in West Odessa; Designed for rental income with immediate revenue potential
More about this property
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