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Two-Story Corporate Apartment Building
For Sale
$430,000

407 W 2nd St, Odessa, TX 79761

Two-story corporate apartments are planned for leasing start in December 2022 with move-in targeted for January 2023.

Days on Market3125

Property Features for 407 W 2nd St

General Information

Standard status Active
Property subtype Office

Building Details

Year Built 1958
Stories 2
Listing Agency: EXP Realty, LLC
Listed By: Yvonne Rosas · License #0716775
Source: Xome
Added: Jan 8, 2018 Changed: Jul 21 Last Checked: Jul 30 at 3:03AM

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 EXP Realty, LLC

Investment Insights

Based on property information with market context.

This two-story multifamily building is being offered for sale as a project that the seller will continue to work on. The plan calls for corporate apartment units, with the project anticipated to be completed and ready to begin leasing in December 2022, with move-in targeted for January 2023. Each apartment is described as approximately 625 to 700 square feet, and the offering notes that all expenses are paid.

The property is located at 407 W 2nd St in Odessa, Texas (79761). Additional details are available through your preferred agent, including information reflected in the available photos.

Key Highlights

  • Two‑story corporate apartment building planned for leasing to start in December 2022, with move‑in targeted for January 2023
  • Each apartment is approx. 625–700 sq ft
  • All expenses paid per apartment

Property Analytics

Current Use

Bill G Alexander ... Law Firm

Suggested Use

Top Pick Real Estate Agency Storage Facility Garden Center (Bike/Boat/Book/etc) Store Parking Lot & Garage Computer & Electronic Repair

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

553
Businesses Nearby

Demographics for 79761, TX

30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Multifamily property - Two-story corporate apartments are planned for leasing start in December 2022 with move-in targeted for January 2023.
Where is this multifamily property located?
The property is located at 407 W 2nd St Odessa, TX.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑story corporate apartment building planned for leasing to start in December 2022, with move‑in targeted for January 2023; Each apartment is approx. 625–700 sq ft; All expenses paid per apartment
More about this property
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