- For Sale $400,000
- 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 May 14, 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 stated pro forma cap rate of 8%, 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 quadplex totaling approximately 2,499 SF
- All units are 1 bed / 1 bath, approximately 625 SF each
- Existing property management in place
- Investment positioned for workforce housing, contractor housing, or short-term rental demand
- Listed for sale at $400,000
- Located in Midland, TX, in the heart of the Permian Basin
- Opportunity to operate as long-term rentals or convert to Airbnb / short-term rental use
- Seller may assist with up to 6% of closing costs
- Stated pro forma cap rate of 8%
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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