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17-Bedroom Multifamily Property

12715 W 3rd St, Odessa, TX 79763

For Sale
$550,000

Commercial Sale, Odessa, TX

Property Size6,375 SF
Lot Size2.54 Acres
Price / SF$86.27
Days on Market160

Property Features for 12715 W 3rd St

General Information

Property type Commercial Sale
Property subtype Other
Appliances Central Hot Water
Subdivision Knox Village Ranchettes Phase 5
Standard status Active
APN 16820.00010.32500
Size 6,375 SF
Lot size 2.54 Acres

Taxes and HOA fees

Tax Annual Amount 2650

Utilities

Water source Private, Well

Building Details

Year built 2015
Floors in Building 1
Building materials Wood Construction, Wood Studs
Roof type Composition, Flat
Listing Agency: Heritage Real Estate
Listed By: Jonathan Purkey · License TX #794391
Added: Jun 8 Changed: Oct 27 Last Checked: Nov 14 at 12:06AM
MLS# 167513

Copyright © 2026 Odessa 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.

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Investment Insights

Based on property information with market context.

This multifamily income property in Odessa, Texas, includes 17 bedrooms within 6,375 square feet of building area. Constructed in 2015, the improvements use wood construction with wood studs, a composition and flat roof system, and central hot water. Water service is provided through a private well.

The property occupies 2.54 acres at 12715 W 3rd St in West Odessa, within Ector County. Its combination of residential income use, substantial bedroom count, and sizable land area defines the asset’s physical profile. The site is offered for sale and is identified as a multifamily property.

Key Highlights

  • 17‑bedroom multifamily income property
  • 6,375 square feet of building area
  • Situated on 2.54 acres

Property Analytics

Who owns this building? See the owner, sales and loan history
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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
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Market

Average Price Trend$/SF for Multifamily properties in Odessa, TX

$160 Jul
$144 Aug
$135 Sep
$147 Oct

Properties on Market for Multifamily properties in Odessa

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Wood-frame income property with private well service and central hot water in Odessa, Texas.
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 building area; Situated on 2.54 acres
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