Multifamily Property with Horse
For Sale
$550,000
5008 E Hwy 158, Midland, TX 79706
Three updated residences support flexible live-work, investment, and employee-housing possibilities.
Property SizeContact for details
Lot Size2.00 Acres
Days on Market16
Property Features for 5008 E Hwy 158
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Amenities
3 stalls
tack room
corral
water trough
RV hookups
water well
2-car garage
2-car carport
outdoor entertainment space
Building Details
Year Built
1940
Listing Agency:
The Bill Lanier Team
Listed By:
Dale Lookabaugh · License #0619875
(432) 553-0766
Source:
Rickerlooney
Added: Aug 23
Changed: Sep 5
Last Checked: Sep 7 at 11:00AM
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 The Bill Lanier Team
Investment Insights
Based on property information with market context.
Located at 5008 E Hwy 158 in Midland, this multifamily property includes three updated residences on approximately 2 acres within Greenwood ISD. The site combines residential improvements with equestrian and utility features, including a metal roof, water well, outdoor entertainment area, and space for trailers and livestock.
Horse-related improvements include three stalls, a tack room, corral, and water trough. The property also provides two RV hookups, a 2-car garage, and a 2-car carport. Built in 1940, the multi-residence layout is positioned for the live-work, employee-housing, and multifamily uses identified for the property.
Horse-related improvements include three stalls, a tack room, corral, and water trough. The property also provides two RV hookups, a 2-car garage, and a 2-car carport. Built in 1940, the multi-residence layout is positioned for the live-work, employee-housing, and multifamily uses identified for the property.
Key Highlights
- Three updated residences on approximately ~2 acres in Greenwood ISD
- Equestrian setup with 3 stalls, tack room, corral, and water trough
- Two RV hookups with room for trailers and livestock
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 79706, TX
31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three updated residences support flexible live-work, investment, and employee-housing possibilities.
Where is this multifamily property located?
The property is located at 5008 E Hwy 158 Midland, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three updated residences on approximately ~2 acres in Greenwood ISD; Equestrian setup with 3 stalls, tack room, corral, and water trough; Two RV hookups with room for trailers and livestock
