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17-Bedroom Multifamily Property
For Sale
$550,000

12715 W 3rd St, Odessa, TX 79763

Commercial Sale, Odessa, TX

Property Size6,375 SF
Lot Size2.54 Acres
Price / SF$86.27
Days on Market195

Property Features for 12715 W 3rd St

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Knox Village Ranchettes Ph 1
Standard status Active
Size 6,375 SF
Lot size 2.54 Acres

Taxes and HOA fees

Tax Description Knox Village Ranchettes PH5, Block 17, Lot 28 & 29
Tax Annual Amount 2650
Legal Description Knox Village Ranchettes PH5, Block 17, Lot 28 & 29

Building Details

Year built 2015
Listing Agency: Keller Williams · Keller Williams Realty
Listed By: Jonathan Purkey
Added: Feb 19 Changed: Aug 24 Last Checked: Sep 2 at 5:06PM
MLS# 50090971

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.

Investment Insights

Based on property information with market context.

This multifamily income property in West Odessa includes 17 bedrooms and 6,375 square feet of property area. Constructed in 2015, the asset occupies 2.54 acres and is located at 12715 W 3rd St, Odessa, TX 79763.

The property is situated in Ector County within the Odessa market. Its combination of bedroom capacity, building area, and acreage provides a substantial residential income-property configuration on one site.

Key Highlights

  • 17‑bedroom multifamily income property
  • 6,375 square feet of property area
  • 2.54‑acre site

Property Analytics

Current Use

Multifamily properties

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

33
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?
Multifamily property - 2015-built income property on a 2.54-acre tract in West Odessa.
Where is this multifamily property 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: 17‑bedroom multifamily income property; 6,375 square feet of property area; 2.54‑acre site
More about this property
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