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Flexible 4-Unit Property Opportunity 2400 College Ave 2,499 SF of Retail Space Available in Midland, TX 79701
Highlights
- 4-unit quadplex totaling approximately 2,499 SF
- Listed for sale at $400,000 with an 8% pro forma cap rate
- Flexible rental opportunity for long-term, Airbnb, or short-term rental use
- Each unit includes 1 bed / 1 bath at approximately 625 SF
- Located in Midland, Texas, in the heart of the Permian Basin
- Seller may assist with up to 6% of closing costs; property management in place
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
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.
- Lease rate does not include utilities, property expenses or building services
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| Ground | 2,499 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | - | Now |
Ground
| Size |
| 2,499 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Build-Out |
| - |
| Available |
| Now |
Ground
| Size | 2,499 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Build-Out | - |
| Available | Now |
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.
- Lease rate does not include utilities, property expenses or building services
Property Facts
| Total Space Available | 2,499 SF | Apartment Style | Single-Family Home |
| No. Units | 4 | Building Size | 2,499 SF |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment |
| Total Space Available | 2,499 SF |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Size | 2,499 SF |
| Year Built | 1948 |
About the Property
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.
Nearby Major Retailers
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Flexible 4-Unit Property Opportunity | 2400 College Ave
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