- For Sale Contact for pricing
- Property Type Multi-Family
- Property Size 70,388 SF
- Units 108
- Lot Size 4.4 Acre
- NOI / YR $837,474.00
- # of Floors 2
- Year Built 1972
- Date Updated Jun 9, 2026
Description
Ashford Odessa Square | 108-Unit Multifamily + Storage
**Open House Dates:**
Tuesday, June 30, 2026 from 11:00 AM to 1:00 PM CST
Wednesday, July 8, 2026 from 11:00 AM to 1:00 PM CSTInvestment Highlights
- Permian Basin's Premier Workforce Housing: #1 U.S. oil and gas region serving the fourth largest energy production area globally with strong employment.
- 108-Unit Stabilized Portfolio: Garden-style apartments at 95% occupancy generating $840,000 annual NOI with $980 average rent per unit.
- $1.6M Recent Capital Investment: $790K exterior and $862K interior improvements including HVAC, appliances, and granite countertops.
- 101-Unit Mini-Storage Upside: Three-building facility with only 21 units leased offers immediate opportunity for occupancy and revenue growth.
- Strong Rent Growth Market: Odessa Metro averaged 12.1% annual rent increases over four years with minimal new competitive supply nearby.
- Individual Systems Throughout: Each unit features individual HVAC, electric hot water heaters, and metering with 50% HVAC units recently replaced.
- Lamar P. Fisher Fisher Auction Company Inc. License: 10344. Starting Bid $2,500,000.
False
Contacts
RI Marketplace Marketing
RealINSIGHT Marketplace
Location
Located at 222 North Dixie Blvd, Odessa, TX 79761, this property is part of the Odessa neighborhood and Midland Odessa market.
Contact Listing Broker
RI Marketplace Marketing
RealINSIGHT Marketplace