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    3203 Whittle Way Midland, TX 79707

    For Sale
    $1,070,000

    Four-unit, stabilized investment property

    Property size:
    4,954 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a four-unit single-family rental portfolio located at 3203 Whittle Way, Midland, TX 79707. The property boasts a total of 6,408 net rentable square feet, spread across four units, each with two parking spaces. Built in 1982, this stabilized portfolio currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $49,854 annually, representing a 4.66% cap rate. The asking price is $1,070,000, or $267,500 per unit, and $215.99 per square foot. Three of the four units are currently occupied, contributing to the strong monthly rental income of $5,110. This portfolio offers a compelling return on investment in a desirable Midland, Texas location within Midland County. The property's strong performance and high occupancy rate make it an attractive option for investors seeking a stable and profitable addition to their portfolio. This is a turnkey investment opportunity with immediate cash flow. The addresses included in this portfolio are 3203, 3229, and 3235 Whittle Way.

    Property Features for 3203 Whittle Way

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,954 SF

    Building Details

    Year Built
    1982
    Units
    4

    HighLights

    • Three‑property portfolio located at 3203, 3229, and 3235 Whittle Way.
    • Fully occupied, generating $5,110 in monthly rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1511444
    Latitude
    32.0120728

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit, stabilized investment property
    Where is this multifamily property located?
    The property is located at 3203 Whittle Way Midland, TX.
    What is the asking price?
    The asking price for this property is $1,070,000.
    What are key features of this property?
    This property features: Three-property portfolio located at 3203, 3229, and 3235 Whittle Way.; Fully occupied, generating $5,110 in monthly rental income.;
    Request Owner's contact information
    3203 Whittle Way Midland, TX 79707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3203 Whittle Way Midland, TX 79707
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