Two-Unit
For Sale
$199,900
2521-23 Roper St, Odessa, TX 79761
Two similar residential units provide a straightforward rental configuration in east Odessa.
Property Size2,056 SF
Price / SF$97.23
Days on Market24
Property Features for 2521-23 Roper St
General Information
Standard status
Active
Size
2,056 SF
Property subtype
Multi Family Home
Lease Term
12 Months
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,747
Building Details
Building Size
2,056 SF
Year Built
1958
Stories
1
Listing Agency:
Pinnacle Realty Advisors
(972) 338-5441
Listed By:
Hayden Burnett · License #0719267
(432) 553-5260
Source:
Gloriarealestate
Added: Oct 6
Changed: Oct 26
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex in east Odessa contains two similar units within a 2,056-square-foot property. Built in 1958, the building offers a two-unit residential configuration for rental use.
Showings require 24 hours' notice to coordinate with tenants.
Showings require 24 hours' notice to coordinate with tenants.
Key Highlights
- Two similar units
- 2,056 square feet
- Built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,674
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,480
$333.5K
Cap Rate 7%
$238,200
$238.2K
Cap Rate 9%
$185,267
$185.3K
Market Conditions
NOI Build-Up for 2,056 SF
Gross rent
$32.3K $15.72/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$30.3K $14.75/SF
− OpEx
−$13.6K −$6.64/SF
NOI
$16.7K $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%
$333,480
Cap Rate 7%
$238,200
Cap Rate 9%
$185,267
Alternative Uses
Best Use
Multifamily LT 5
$265.3K
$232.1K – $309.5K
NOI $18,570 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$238.2K
$208.4K – $277.9K
NOI $16,674 @ 7.0% cap · market cap 8.34%
Theoretical Best
Flex RnD
$2.99M
$2.62M – $3.49M
NOI $209,227 @ 7.0% cap · market cap 104.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two similar residential units provide a straightforward rental configuration in east Odessa.
Where is this duplex located?
The property is located at 2521-23 Roper St Odessa, TX.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two similar units; 2,056 square feet; Built in 1958
