Two-Unit
For Sale
$199,900
2525-27 Roper St, Odessa, TX 79761
Two similar units provide a straightforward rental configuration in east Odessa.
Property Size1,642 SF
Price / SF$121.74
Days on Market24
Property Features for 2525-27 Roper St
General Information
Standard status
Active
Size
1,642 SF
Property subtype
Multi Family Home
Lease Term
12 Months
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,748
Building Details
Building Size
1,642 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 28
Last Checked: Oct 26 at 4:00AM
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 contains two similar units with a combined property size of 1,642 square feet. Built in 1958, the property is located in east Odessa at 2525-27 Roper St.
The residences are tenant-occupied, and showings require 24 hours’ notice to coordinate access.
The residences are tenant-occupied, and showings require 24 hours’ notice to coordinate access.
Key Highlights
- Two similar residential units
- 1,642 square feet
- Built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,831
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,620
$296.6K
Cap Rate 7%
$211,871
$211.9K
Cap Rate 9%
$164,789
$164.8K
Market Conditions
NOI Build-Up for 1,642 SF
Gross rent
$22.7K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.2K $12.90/SF
− OpEx
−$6.4K −$3.87/SF
NOI
$14.8K $9.03/SF
Area
Odessa, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,620
Cap Rate 7%
$211,871
Cap Rate 9%
$164,789
Alternative Uses
Best Use
Multifamily LT 5
$211.9K
$185.4K – $247.2K
NOI $14,831 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$190.2K
$166.5K – $222.0K
NOI $13,317 @ 7.0% cap · market cap 6.66%
Theoretical Best
Flex RnD
$2.39M
$2.09M – $2.78M
NOI $167,097 @ 7.0% cap · market cap 83.59%
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 units provide a straightforward rental configuration in east Odessa.
Where is this duplex located?
The property is located at 2525-27 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 residential units; 1,642 square feet; Built in 1958
