Turnkey Multifamily Apartment
For Sale
Contact for pricing
1500 N MAIN, Monahans, TX 79756
For sale multifamily building featuring 12 newly built units on a 0.64-acre site in Monahans, Texas.
Property Size11,000 SF
Lot Size0.64 Acres
Price / SF$222.64
Days on Market168
Property Features for 1500 N MAIN
General Information
Standard status
Active
Size
11,000 SF
Lot size
0.64 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
12
Building Details
Year Built
2026
Buildings
1
Units
12
Tenancy
Multi
Listing Agency:
The Prichard Group
Listed By:
Heather Prichard · License #0486680
(432) 614-6967
Source:
Crexi
Added: May 8
Changed: Oct 13
Last Checked: Oct 20 at 6:17PM
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 The Prichard Group
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Investment Insights
Based on property information with market context.
This turnkey multifamily apartment building offers a total of 11,000 square feet and includes 12 newly built apartment units with modern finishes. The property is presented as an income-producing asset well suited for investors seeking a stabilized, move-in-ready configuration.
Located at 1500 N MAIN in Monahans, Texas, the building sits on a 0.64-acre site in the Delaware Basin region. Public remarks indicate the location provides access to major employers as well as shopping, dining, and everyday amenities.
The existing unit count and modern finish package support an asset designed for straightforward operations and long-term tenant appeal.
Located at 1500 N MAIN in Monahans, Texas, the building sits on a 0.64-acre site in the Delaware Basin region. Public remarks indicate the location provides access to major employers as well as shopping, dining, and everyday amenities.
The existing unit count and modern finish package support an asset designed for straightforward operations and long-term tenant appeal.
Key Highlights
- 11,000 SF multifamily building in Monahans, Texas
- 12 newly built apartment units
- Located on a 0.64‑acre site
Property Analytics
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Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - For sale multifamily building featuring 12 newly built units on a 0.64-acre site in Monahans, Texas.
Where is this apartment building located?
The property is located at 1500 N MAIN Monahans, TX.
What is the asking price?
The asking price for this property is $2,449,000.
What are key features of this property?
This property features: 11,000 SF multifamily building in Monahans, Texas; 12 newly built apartment units; Located on a 0.64‑acre site
