5008 E TX-158, Midland, TX 79706
- Added:
- Apr 22, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 15 at 2:06 am
Property Features for 5008 E TX-158
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2
- Parking features
- Carport, Garage, Driveway, RV
- Window features
- Window Coverings
- Patio and Porch features
- Patio, Deck, Porch
- Interior features
- Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Formica Counters, High Ceilings, Pantry, Recessed Lighting, Smart Thermostat, Soaking Tub, Vaulted Ceiling(s), Walk-In Closet(s)
- Exterior features
- Balcony, RV Hookup, Smart Lock(s)
- Fireplace
- 1
- Appliances
- Dishwasher, Electric Oven, Electric Range
- Standard status
- Pending
- APN
- R000000828
- Size
- 4,304 SF
- Lot size
- 2.00 Acres
Taxes and HOA fees
- Tax Description
- Acres: 2.000, NW/PART, SURV: J B ROSE, BLK: 38-T2S, ABST: 584
- Tax Annual Amount
- 470
Utilities
- Sewer type
- Septic Tank
- Heating system
- Zoned, Central
- Cooling system
- Central Air, Ceiling Fan(s), Wall/Window Unit(s), Multi Units, Zoned, Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Laminate, Carpet, Tile
- Roof type
- Metal
- Architectural style
- Other
Listing agent Dale Lookabaugh License #0619875 (432) 553-0766
Listing office The Bill Lanier Team 1211 W Illinois Ave, Midland, TX (432) 682-1144
Listing date Apr 22, 2026
Copyright © 2026 Lubbock Association 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
- Multi‑residence property on ~2 acres in Greenwood ISD with 3 updated residences.
- Horse‑ready setup with 3 stalls, tack room, corral, and water trough.
- Trailer and RV accommodations with 2 RV hookups plus RV parking.
- Water and sewer: well water and septic tank; metal roof.
- Parking includes 2‑car garage and 2‑car carport, plus driveway parking.
- Outdoor entertaining space with patio, porch, and deck; includes balcony and smart locks.
Overview
Local Financial Insights For Apartment 5plus
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 | $69.7k | $16.20 |
| − Vacancy | −$4.5k | −$1.05 |
| EGI | $65.2k | $15.15 |
| − OpEx | −$29.3k | −$6.82 |
| NOI | $35.9k | $8.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.086358
- Latitude
- 31.99473
