8-Unit Duplex Apartment
For Sale
$799,900
2517-27 Roper St, Odessa, TX 79761
Residential Income, Odessa, TX
Property Size8,167 SF
Lot Size1.05 Acres
Price / SF$97.94
Days on Market50
Property Features for 2517-27 Roper St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
16
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 16, Bedroom 5, Bedroom 6, Bedroom 15, Bedroom 1, Bedroom 7, Bedroom 9, Bedroom 8, Bedroom 2, Bedroom 11, Bedroom 4, Bathroom 1, Bedroom 10, Bedroom 14, Bedroom 12, Bedroom 13, Bedroom 3, Bathroom 2
Patio and Porch features
Patio
Appliances
Individual Water Heaters
Subdivision
Crescent Park
Elementary school
Dowling
Middle school
Bonham
High school
Permian
Standard status
Active
APN
LISTED UNDER DIRECTIONS
Size
8,167 SF
Lot size
1.05 Acres
Taxes and HOA fees
Tax Annual Amount
11736
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Flooring type
Carpet
Building materials
Brick Veneer
Roof type
Composition
Listing Agency:
Pinnacle Realty Advisors
(972) 338-5441
Listed By:
Hayden Burnett
(432) 553-5260
Added: Sep 8
Changed: Oct 21
Last Checked: Oct 27 at 11:06AM
MLS# 177401
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.
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Investment Insights
Based on property information with market context.
This Odessa multifamily property comprises 8 apartments arranged across 4 duplexes. The unit mix includes two-bedroom, one-bath layouts, a three-bedroom, two-bath unit, and a one-bedroom efficiency. The buildings were constructed in 1958 and have brick veneer exteriors, central air conditioning, and patios.
The property occupies 1.045 acres at 2517-27 Roper St. Building area totals 8,167 square feet. Public water and sewer serve the site.
The property occupies 1.045 acres at 2517-27 Roper St. Building area totals 8,167 square feet. Public water and sewer serve the site.
Key Highlights
- 8 apartments in 4 duplex buildings
- 1.045‑acre site with 8,167 square feet of building area
- Unit mix includes two‑bedroom, one‑bath layouts, a three‑bedroom, two‑bath unit, and a one‑bedroom 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.
How Realmo checks its estimates
Property Analytics
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
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?
Apartment building - Layouts include two-bedroom, three-bedroom, and efficiency units.
Where is this apartment building 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: 8 apartments in 4 duplex buildings; 1.045‑acre site with 8,167 square feet of building area; Unit mix includes two‑bedroom, one‑bath layouts, a three‑bedroom, two‑bath unit, and a one‑bedroom efficiency
