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2400 College Ave
Midland, TX 79701

Rate Upon Request

Apartments For Lease  •  2,499 SF

Property Details

  • Property Type Apartments
  • Year Built 1948
  • Total Building Size 2,499 SF
  • Building Class C
  • Zoning SF2
50 Walk Score

1 Space Available

Name Space Use Size Rent Details
Grnd Floor Ste Retail 2,499 SF Rate Upon Request 
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.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet

Description 

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.

Highlights

4-unit quadplex totaling approximately 2,499 SF
Each unit includes 1 bed / 1 bath at approximately 625 SF
Listed for sale at $400,000 with an 8% pro forma cap rate
Located in Midland, Texas, in the heart of the Permian Basin
Flexible rental opportunity for long-term, Airbnb, or short-term rental use
Seller may assist with up to 6% of closing costs; property management in place

Property Flyers

Public Transportation

AirportDriveWalkDistance
Midland International Air And Space Port 15 min - 9.4 mi
Alonso Hernandez 432-425-9692 ERES
Alonso Hernandez 432-425-9692 ERES