Renovated
3643 N Dixie Blvd, Odessa, TX 79762
For Sale
$289,000
Residential Income, Odessa, TX
Property Size1,480 SF
Lot Size0.20 Acres
Price / SF$195.27
Days on Market50
Property Features for 3643 N Dixie Blvd
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Fencing
Appliances
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Keller Williams Realty - Midland & Odessa
(432) 520-5151
Listed By:
Ramon Gomez · License TX #0738885
(806) 891-7718
Added: Sep 22
Changed: Oct 26
Last Checked: Nov 10 at 7:06PM
MLS# 177721
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 duplex contains two residential units with functional layouts and refreshed interiors. One unit measures approximately 800 square feet and the other approximately 680 square feet; each includes two bedrooms and one bathroom. Improvements include updated finishes, central heating and air conditioning, electric ranges, microwaves, refrigerators, and individual water heaters.
Built in 1952, the 1,480-square-foot property sits on 0.201 acres at 3643 N Dixie Blvd in Odessa. The improvements feature brick construction, composition roofing, fencing, public water, and public sewer. Its residential configuration provides two separate living spaces within one property.
Built in 1952, the 1,480-square-foot property sits on 0.201 acres at 3643 N Dixie Blvd in Odessa. The improvements feature brick construction, composition roofing, fencing, public water, and public sewer. Its residential configuration provides two separate living spaces within one property.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- Approximately 800 square feet in one unit and 680 square feet in the other
- 1,480‑square‑foot property on 0.201 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,368
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,360
$267.4K
Cap Rate 7%
$190,971
$191.0K
Cap Rate 9%
$148,533
$148.5K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$20.4K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$19.1K $12.90/SF
− OpEx
−$5.7K −$3.87/SF
NOI
$13.4K $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%
$267,360
Cap Rate 7%
$190,971
Cap Rate 9%
$148,533
Alternative Uses
Best Use
Multifamily LT 5
$191.0K
$167.1K – $222.8K
NOI $13,368 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$171.5K
$150.0K – $200.1K
NOI $12,003 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$376.2K
$329.2K – $438.9K
NOI $26,332 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
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Business Placement
Demographics for 79762, TX
40,253
Population
17,259
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
30.5 sq mi
ZIP Area
1,320
Density / Sq Mi
$74,560
Median Household Income
$45,151
Median Earnings
$1,338
Median Rent
$218,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences with updated interiors, central climate control, and individual water heaters.
Where is this duplex located?
The property is located at 3643 N Dixie Blvd Odessa, TX.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; Approximately 800 square feet in one unit and 680 square feet in the other; 1,480‑square‑foot property on 0.201 acres
