Two-Unit
New
For Sale
$199,900
2521-23 Roper St, Odessa, TX 79761
Residential Income, Odessa, TX
Property Size2,056 SF
Lot Size0.15 Acres
Price / SF$97.23
Days on Market4
Property Features for 2521-23 Roper St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1
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
07000.05165.01000
Size
2,056 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
3747
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 · License #0719267
(432) 553-5260
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 9 at 3:06AM
MLS# 177999
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 duplex contains two similar units within 2,056 square feet of building area. Built in 1958, the property has brick veneer construction, carpeted floors, a patio, and individual water heaters. Heating is listed as electric, natural gas, and central, with central air conditioning also present.
The property occupies a 0.153-acre lot in Odessa. Public water and sewer serve the site.
The property occupies a 0.153-acre lot in Odessa. Public water and sewer serve the site.
Key Highlights
- Two similar units in a 2,056‑square‑foot duplex
- 0.153‑acre lot in Odessa
- Built in 1958 with brick veneer construction
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.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Central air conditioning and individual water heaters serve the two residences.
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 in a 2,056‑square‑foot duplex; 0.153‑acre lot in Odessa; Built in 1958 with brick veneer construction
