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Multi-Family Zoned Land Opportunity
For Sale
$320,000

2300 W 16th St, Odessa, TX 79763

Land, Odessa, TX

Property SizeContact for details
Lot Size0.98 Acres
Days on Market163

Property Features for 2300 W 16th St

General Information

Property type Land
Property subtype Other
Subdivision Westside
Elementary school Pease
Middle school Crockett
High school Odessa
Standard status Active
APN 35600.00370.00000
Lot size 0.98 Acres

Taxes and HOA fees

Tax Annual Amount 2344

Utilities

Sewer type Public Sewer
Water source Public
Listing Agency: All City Real Estate Ltd. Co.
Listed By: Michelle Ortega · License #0685663
Added: May 28 Changed: Aug 20 Last Checked: Nov 6 at 5:06AM
MLS# 166110

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.

Rey
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Investment Insights

Based on property information with market context.

This 0.984-acre property, located in Odessa, Texas, is zoned for multi-family development. Existing improvements include a workshop that has been converted into employee housing, featuring 6 bedrooms and 2 baths. This property presents a prime opportunity for multi-unit development or repositioning. The seller is willing to consider owner financing with a substantial down payment. Intended use of the property is for multi-family development.

Key Highlights

  • Multi‑Family Zoned Property: Ideal for multi‑unit development.
  • Existing Improvements: Workshop converted into 6 bedrooms, 2 baths employee housing.
  • Owner Financing Available: Seller willing to owner finance with large down payment.

Property Analytics

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Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon HVAC Service Plumbing Service Big Box & Wholesale Store

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

352
Businesses Nearby

Demographics for 79763, TX

39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Multi-family zoned property with existing improvements in Odessa, Texas.
Where is this residential land & home lot located?
The property is located at 2300 W 16th St Odessa, TX.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Multi‑Family Zoned Property: Ideal for multi‑unit development.; Existing Improvements: Workshop converted into 6 bedrooms, 2 baths employee housing.; Owner Financing Available: Seller willing to owner finance with large down payment.
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