8-Unit Multifamily Duplex
For Sale
$799,900
2517-27 Roper St, Odessa, TX 79761
The package comprises four duplexes with a mix of two-, three-, and one-bedroom units.
Property Size8,167 SF
Price / SF$97.94
Days on Market52
Property Features for 2517-27 Roper St
General Information
Standard status
Active
Size
8,167 SF
Property subtype
Multi Family Home
Lease Term
12 Months
Taxes and HOA fees
Annual Taxes
$11,736
Building Details
Building Size
8,167 SF
Year Built
1958
Buildings
4
Stories
1
Tenancy
Multi
Listing Agency:
Pinnacle Realty Advisors
(972) 338-5441
Listed By:
Hayden Burnett · License #0719267
(432) 553-5260
Source:
Gloriarealestate
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 4:10AM
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 Pinnacle Realty Advisors
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Investment Insights
Based on property information with market context.
Four duplexes are offered together as an eight-unit multifamily property in east Odessa. The units include two-bedroom, one-bathroom layouts, a three-bedroom, two-bathroom unit, and a one-bedroom, one-bathroom efficiency. The property was built in 1958.
Key Highlights
- Eight units across four duplexes
- Roper Street‑facing units are 2 bed, 1 bath
- Alley‑facing units include a 3 bed, 2 bath layout and a 1 bed, 1 bath efficiency
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,234
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,680
$1.3M
Cap Rate 7%
$946,200
$946.2K
Cap Rate 9%
$735,933
$735.9K
Market Conditions
NOI Build-Up for 8,167 SF
Gross rent
$128.4K $15.72/SF
− Vacancy
−$8.0K −$0.97/SF
EGI
$120.4K $14.75/SF
− OpEx
−$54.2K −$6.64/SF
NOI
$66.2K $8.11/SF
Area
Odessa, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,680
Cap Rate 7%
$946,200
Cap Rate 9%
$735,933
Alternative Uses
Best Use
Apartment 5plus
$946.2K
$827.9K – $1.10M
NOI $66,234 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$11.87M
$10.39M – $13.85M
NOI $831,109 @ 7.0% cap · market cap 103.90%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The package comprises four duplexes with a mix of two-, three-, and one-bedroom units.
Where is this multifamily property located?
The property is located at 2517-27 Roper St Odessa, TX.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Eight units across four duplexes; Roper Street‑facing units are 2 bed, 1 bath; Alley‑facing units include a 3 bed, 2 bath layout and a 1 bed, 1 bath efficiency
