1712 E 3rd St
Big Spring, TX 79720
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Bed
0
Bath
18,356Sqft
0.89Acre(Lot)
Fully renovated 16-unit multifamily apartment complex in a prime location near Howard College in Big Spring, Texas. The building was fully renovated in 2023. Big Spring is part of the Permian Basin Oil and Natural Gas industry creating strong, stabilized cash flow in the growing West Texas market. This complex is 100% leased(as of this writing) with an active waiting list, reflecting sustained rental demand. Based on a T-3 pro forma (May–July 2026), the annualized NOI creates a .6.66 Percent CAP Rate which could be brought up to over an 8 percent CAP rate with slight rent increases.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Roofing Information
Composition -
Interior Features
Roof: Composition Appliances: Electric Range, Range, Refrigerator, Electric Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1969 Building Area Total: 18356 Construction Materials: Frame, Wood Siding Private Pool: No
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Lot Information
Lot Size Acres: 0.89Property Information
Subdivision: Big Spring Source Property Type: Residential Income Property SubType: Multi Family Property Age: 57
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Listing Price Information
Listing Price: $2600000
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Tax Information
Annual Tax: $3414.94
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School Information
Elementary School: MossJunior High School: Big SpringSenior High School: Big Spring -
Location Information
Direction: Exit 174 East off of I-20. Go approximately 5 miles on 3rd until you come to property on left. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1513 Scurry St, Big Spring, TX, 79720 | $425,000 | 6 | -- | 3,982 | 0.32 Acre |
| 1513 Scurry St, Big Spring, TX, 79720 | $425,000 | 6 | 6 | 3,982 | 14,026.32 Sq. Ft |
| 1308 Scurry St, Big Spring, TX, 79720 | $625,000 | 9 | -- | 4,522 | 0.24 Acre |
| 509 S Bell St, Big Spring, TX, 79720 | $139,900 | 2 | 2 | 1,361 | 6,969.60 Sq. Ft |
| 509 S Bell St, Big Spring, TX, 79720 | $139,900 | 2 | -- | 1,361 | 0.16 Acre |
| 600&602 S Bell St, Big Spring, TX, 79720 | $289,999 | 5 | -- | 2,576 | 0.30 Acre |
| 600&602 S Bell St, Big Spring, TX, 79720 | $289,999 | 5 | 3 | 2,576 | 12,980.88 Sq. Ft |
| 2519 Albrook Dr, Big Spring, TX, 79720 | $165,000 | 6 | -- | 2,522 | 1,818.12 Sq. Ft |
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Permian Basin Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Permian Basin Board of REALTORS®. All rights reserved.
ByOwner last updated this listing 10/03/2026 @ 15:38
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