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2400 College Ave

Midland, TX 79701
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$400,000 $1,686/Mo
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Bed 4

Bed

Bath 4

Bath

SqFt2,500

Sqft

SqFt7,013.16

Sqft(Lot)

4-unit quadplex totaling approximately 2,499 SF All units are 1 bed / 1 bath, approximately 625 SF each Listed for sale at $400,000 Stated pro forma cap rate of 8% 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 Existing property management in place Investment positioned for workforce housing, contractor housing, or short-term rental demand. Zone SF2 and no "Seller Disclosure", all inspections are to be done by the buyer and adequate will be given

Detail Ic Property Details

Property Type : Residential Income

Price : $400,000

AD Id : 79592132

MLS Id : 50095369

Beds : 4

Lot Size : 7,013.16 Sqft

Living Area Size : 2,500

Year Built : 1948

County : Midland

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Feature Features

  • Bathroom Information

    Total Baths: 4

    Bedroom Information

    Total Bedrooms: 4

    Water/Sewer

    Sewer: Public Sewer

  • Interior Features

    Appliances: Electric Water Heater, Electric Range

  • Heating & Cooling

    Cooling: Window Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1948 Construction: Concrete, Vinyl Siding Foundation Details: Slab

  • Exterior Features

    Foundation Details: Slab

  • Road Types

    Paved

  • Fencing

    Metal

  • Fencing

    Metal

  • Lot Information

    Lot Square Feet: 7,013 Main Square Feet: 2,500

    Property Information

    Property Type: Residential Income Sub Type: Quadruplex SQ ft (Living Area): 2,500 Subdivision: College Heights Source Neighborhood: College Heights Construction Materials: Concrete, Vinyl Siding Property Age: 78 Source Neighborhood: ME7 Area: Midland S: 79701 Living Area Source: Appraiser

  • Listing Price Information

    Listing Id: 50095369 List Price: $400,000 List Price Tot SqFt: $160 Listing Terms Cash, Conventional, FHA, Owner May Carry

  • Tax Information

    Parcel Number: R000014001 Annual Tax: $2,424 Taxes: Acres: 0.161, Subd: COLLEGE HEIGHTS, BLK: 016, LOT: 012, ADDN: COLLEGE HEIGHTS

  • School Information

    Elementary School: 349
    Elementary School District: Midland
    Junior High School: San Jacinto
    Junior High School District: Midland
    Senior High School: Midland
    Senior High School District: Midland

  • Utility Information

    Array Electric: Array
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Address Estimate Bed Bath Sq. Ft Lot Size
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ByOwner last updated this listing 07/23/2026 @ 21:23

MLS: 50095369 LISTED BY: Alonso Hernandez, ENERGY REAL ESTATE SOLUTIONS 432-664-2745 SOURCE: Permian Basin

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