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Quadplex with Private Garages
New
For Sale
$499,000

1308 N Carol Ave, Monahans, TX 79756

MULTI_FAMILY - Monahans, TX

Property Size3,768 SF
Lot Size0.21 Acres
Price / SF$132.43
Days on Market5

Property Features for 1308 N Carol Ave

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 8
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 8, Bedroom 5, Bedroom 3, Bedroom 1
Appliances Free-Standing Electric Range, Refrigerator
Subdivision Quail View
Elementary school Monahans
Middle school Walker Junior High
High school Monahans
Standard status Active
APN 8027
Size 3,768 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Annual Amount 4174

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air
Water source Public

Building Details

Year built 1982
Floors in Building 2
Flooring type Carpet
Building materials Brick Veneer
Roof type Composition
Listing Agency: The Real Estate Ranch LLC
Listed By: Ferdinand Nico Real
Added: Aug 7 Changed: Aug 10 Last Checked: Aug 11 at 8:06PM
MLS# 176754

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.

Investment Insights

Based on property information with market context.

This 3,768-square-foot quadruplex, built in 1982, contains four residential units. Each layout includes two bedrooms, one and one-half bathrooms, a full kitchen, living area, and washer and dryer connections. Individual garages provide dedicated parking and additional storage for each residence.

Construction includes brick veneer with a composition roof, while central electric heating and central air conditioning serve the property. Units include free-standing electric ranges and refrigerators, with carpet flooring throughout. Public water and public sewer serve the property. The asset occupies 0.208 acres at 1308 N Carol Ave in Monahans, Texas.

Key Highlights

  • Four‑unit quadruplex with four 2‑bedroom, 1.5‑bath residences
  • Each unit measures approximately 816 SF
  • Private garage assigned to every unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency HVAC Service Electrical Service Grocery & Convenience Store Law Firm

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

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

61
Businesses Nearby

Demographics for 79756, TX

10,318
Population
4,318
Households
2.4
Avg Household Size
35
Median Age
10%
College-Educated
80%
High-School Grad
158.5 sq mi
ZIP Area
65
Density / Sq Mi
$70,924
Median Household Income
$46,511
Median Earnings
$960
Median Rent
$153,200
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?
Quadplex - Four separately configured residences include kitchens, laundry hookups, and dedicated garage space.
Where is this quadplex located?
The property is located at 1308 N Carol Ave Monahans, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four‑unit quadruplex with four 2‑bedroom, 1.5‑bath residences; Each unit measures approximately 816 SF; Private garage assigned to every unit
More about this property
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