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Four-Unit Quadplex with Garages
For Sale
$450,000

1308 N Carol Ave, Monahans, TX 79756

Residential Income, Monahans, TX

Property Size3,768 SF
Lot Size0.21 Acres
Price / SF$119.43
Days on Market52

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 Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 7, Bedroom 6, Bedroom 4, Bedroom 8, Bedroom 5
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 Central, Electric (Heating)
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: Sep 15 Last Checked: Sep 27 at 3:06PM
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.

Located at 1308 N Carol Ave in Monahans, Texas, this 1982-built quadplex contains four separate residential units within 3,768 square feet. Each unit offers two bedrooms, 1.5 bathrooms, approximately 816 square feet, a living area, full kitchen, and washer/dryer connections. Individual garages accompany the units, providing dedicated parking and storage.

The property occupies 0.208 acres and uses brick veneer construction with composition roofing, carpet flooring, central electric heat, and central air conditioning. Each kitchen includes a free-standing electric range and refrigerator. Public water and public sewer serve the property.

Key Highlights

  • Four residential units, each with 2 bedrooms and 1.5 bathrooms
  • Approximately 816 SF per unit; 3,768 SF total property size
  • Individual garage assigned to each unit

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store Spa & Massage Center Grocery & Convenience Store Bakery

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

43
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Brick-veneer multifamily property with individual kitchens and laundry connections.
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 $450,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1.5 bathrooms; Approximately 816 SF per unit; 3,768 SF total property size; Individual garage assigned to each unit
More about this property
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