- For Sale $398,000
- Property Type Office - General Office
- Property Size 2,499 SF
- Units 4
- Lot Size 0.16 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1948
- Date Updated Jun 23, 2026
Description
2400 College Avenue is located in Midland, Texas, within an established residential neighborhood near major area roadways, employers, and service amenities. Midland sits at the center of the Permian Basin, one of the most active energy-producing regions in the United States, supporting demand for workforce housing, corporate housing, long-term rentals, and short-term rental opportunities.2400 College Avenue presents a unique multifamily investment opportunity in Midland, Texas, offering four 1 bedroom / 1 bathroom units totaling approximately 2,499 square feet. Positioned in an established neighborhood, the property provides investors with multiple income strategies, including long-term rentals, short-term rental conversion, or an Airbnb-focused operating model.
The asset is located in one of Texas’s strongest energy-driven markets, where workforce housing, contractor demand, and corporate travel continue to support rental demand. With a cap rate of 12.06%, seller willingness to negotiate closing costs, and property management already in place, this offering is positioned for investors seeking cash flow, upside, and operational flexibility.2400 College Avenue is a 4-unit residential property available for lease in Midland, TX. The property includes approximately 2,499 square feet of total living area across four individual units, each configured with dedicated living, kitchen, bedroom, and bathroom space.
The layout is well-suited for workforce housing, staff housing, company housing, furnished rental use, or traditional residential occupancy, subject to applicable zoning, licensing, and local approvals. With separate units, covered porch areas, and a manageable small multifamily configuration, the property offers a practical housing solution for users seeking multiple units in one location.
Highlights
- 4-unit property located in Midland
- Approximately 2,499 SF of total living area
- Available for sale or lease
- Cap rate of 12.06%
- Consistent unit layouts simplify leasing, maintenance, and management
- Designed to reduce initial operational risk and ensure income stability during transition period
- Each unit includes dedicated living, kitchen, bedroom, and bathroom areas
- Flexible income and occupancy potential
- Four individual units with functional, efficient layouts
- Opportunity to generate income, occupy strategically, or reposition for added value
- Property is fully leased with 100% occupancy
- Seller guarantee for one year
- Seller offering a Master Lease incentive of up to 12 months at $4,000/month, subject to agreed terms
- Suitable for rental housing, workforce housing, staff housing, or owner occupancy
- Under this structure, seller will manage occupancy and operations, providing stable income from day one
False
Contacts
Alonso Hernandez
ERES
Location
Located at 2400 College Avenue, Midland, TX 79701, this property is part of the Permian Estates-College Heights neighborhood and Midland Odessa market.
Contact Listing Broker
Alonso Hernandez
ERES