3023 Beechwood, Odessa, TX 79761
MULTI_FAMILY - Odessa, TX
- Added:
- Jun 22, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 23 at 12:06 pm
Property Features for 3023 Beechwood
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1
- Parking features
- Carport
- Fireplace
- 1
- Appliances
- Free-Standing Electric Range, Microwave, Individual Water Heaters
- Standard status
- Active
- APN
- 32660.01125.00000
- Size
- 2,496 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5028
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 2
- Flooring type
- Carpet
- Roof type
- Composition
Listing agent Ramon Gomez License #0738885 (806) 891-7718
Listing office Keller Williams Realty - Midland & Odessa 4920 N Midkiff, Midland, TX (432) 520-5151
Listing date Jun 22, 2026
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.
HighLights
- Fully renovated duplex with two 3‑bedroom, 2‑bath units
- Each unit offers 1,248 SF of living space
- Central heating and central air with natural gas heating
- Each unit has individual water heaters and public utilities (public water and public sewer)
- Roof is composition; fireplace is present
- Includes free‑standing electric range and microwave; carport parking
Overview
The property is located in Odessa, TX, at 3023 Beechwood. It’s positioned for convenience to nearby shopping and dining, making it practical for tenants who want local amenities within reach.
For buyers and investors seeking a residential income property, this two-unit structure provides straightforward flexibility: it can support rental living with the current unit configuration, or accommodate alternative residential use depending on the buyer’s goals. With both units updated and laid out in the same three-bedroom, two-bath format, the property offers a consistent foundation for ongoing occupancy and day-to-day property management. If you’re a broker advising tenants or residents, the updated interiors and clear unit separation make the home easy to evaluate and understand.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.4k | $13.80 |
| − Vacancy | −$2.2k | −$0.90 |
| EGI | $32.2k | $12.90 |
| − OpEx | −$9.7k | −$3.87 |
| NOI | $22.5k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.3250742
- Latitude
- 31.8690607
