Active

2400 College Ave

Midland, TX 79701

$400,000 $1,686/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

2,499

Sqft

0.16

Acre(Lot)

Description

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

Property Details

Property Type : Residential Income

Price : $400,000

AD Id : 79051367

MLS Id : 50095369

Beds : 4

Lot Size : 0.16 Acre

Living Area Size : 2,499

Year Built : 1948

County : Midland

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4
Interior Features

Appliances: Electric Range, Electric Water Heater
Heating & Cooling

Has Cooling: Yes Cooling: Window Unit(s)

Building Information

Year Built: 1948 Building Area Total: 2499 Construction Materials: Vinyl Siding Private Pool: No

Lot Information

Lot Size Acres: 0.161

Property Information

Subdivision: College Heights Source Property Type: Residential Income Property SubType: Quadruplex Property Age: 78

Listing Price Information

Listing Price: $400000

Tax Information

Annual Tax: $2424.16

School Information

Elementary School: 349

Junior High School: San Jacinto

Senior High School: Midland
Location Information

Direction: 2400 College Ave, Midland, TX 79701: Google Map will Take you Directly there WaterSource: Public

Sell a home like this and save $23,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3210 W Kansas Ave, Midland, TX, 79701	$99,000	2	--	686	686 SqFt

Similar Multifamily To 2400 College Ave

Nearby For Sale

Active

$750,000

Multifamily For Sale

6615 E County Rd 61,
Midland, TX, 79705

Bed

1,600

Sqft

Acres(Lot)

Active

$99,000

Multifamily For Sale

3210 W Kansas Ave,
Midland, TX, 79701

Bed

Sqft

2400 College Ave,
Midland, TX, 79701

Bed

Sqft

Acre(Lot)

5111 W Illinois Ave,
Midland, TX, 79703

Bed

2,401

Sqft

0.23

Acre(Lot)

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 06/08/2026 @ 06:30

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