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12-Unit Apartment Building
New
For Sale
$2,295,000

1500 N Main, Monahans, TX 79756

Commercial Sale, Monahans, TX

Property Size840 SF
Lot Size0.64 Acres
Price / SF$2,732
Days on Market2

Property Features for 1500 N Main

General Information

Property type Commercial Sale
Property subtype Apartment
Property condition Under Construction
Subdivision Hyde Park
Lot features Corner Lot
Standard status Active
APN 6336
Size 840 SF
Lot size 0.64 Acres

Taxes and HOA fees

Tax Annual Amount 1000

Building Details

Year built 2026
Building materials Brick
Roof type Composition
Listing Agency: Golden Door Realty LLC
Listed By: Criselda Carrasco · License #0654231
Added: Oct 12 Last Checked: Oct 13 at 9:06PM
MLS# 178162

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 12-unit apartment property is planned with five one-bedroom, one-bathroom apartments and seven two-bedroom apartments. Construction materials include brick, with a composition roof. The listed year built is 2026, and the property occupies 0.6442 acres at 1500 N Main in Monahans, Texas.

Key Highlights

  • 12 apartments: five one‑bedroom, one‑bathroom units and seven two‑bedroom units
  • 0.6442‑acre property at 1500 N Main in Monahans, Texas
  • Brick construction with a composition roof

Property Analytics

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Current Use

St Paul Lutheran ... Church

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Plumbing Service Parking Lot & Garage 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

12
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

131
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?
Apartment building - The unit mix includes five one-bedroom apartments and seven two-bedroom apartments.
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 $2,295,000.
What are key features of this property?
This property features: 12 apartments: five one‑bedroom, one‑bathroom units and seven two‑bedroom units; 0.6442‑acre property at 1500 N Main in Monahans, Texas; Brick construction with a composition roof
More about this property
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