Midland, TX 79701 2400 College Ave

$400,000

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Presented By: ENERGY REAL ESTATE SOLUTIONS
  • MLS# 50095369
  • 05/19/2026
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 4
  • SQFT • 2,500

Home Details

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
Presented By: ENERGY REAL ESTATE SOLUTIONS

Interior Features for 2400 College Ave

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourceAppraiser
Air Conditioning Y/NYes

General for 2400 College Ave

AppliancesElectric Water Heater, Electric Range
Building Area UnitsSquare Feet
CityMidland
Construction MaterialsConcrete, Vinyl Siding
CoolingWindow Unit(s)
CountyMidland
Directions2400 College Ave, Midland, TX 79701: Google Map will Take you Directly there
ElectricSeparate Meter-Electric
Elementary School349
Elementary School DistrictMidland
FreeholdBBO, IDX
High SchoolMidland
High School DistrictMidland
Legal DescriptionAcres: 0.161, Subd: COLLEGE HEIGHTS, BLK: 016, LOT: 012, ADDN: COLLEGE HEIGHTS
LevelsOne
Living Area UnitsSquare Feet
Lot Size Square Feet7013.16
Lot Size UnitsSquare Feet
MLS AreaME7
Middle/Junior High SchoolSan Jacinto
Middle/Junior School DistrictMidland
Occupancy TypeTenant
Parcel NumberR000014001
Property SubtypeQuadruplex
Property TypeResidential Income
Rent IncludesElectricity
SewerPublic Sewer
Showing InstructionsCall Listing Office
Standard StatusActive
StatusActive
Subdivision NameCollege Heights
Tax Annual Amount2424.16
Total Actual Rent4
UtilitiesElectricity Connected
Virtual TourClick here
Year Built1948

Exterior for 2400 College Ave

Building Area Total2500
FencingMetal
Foundation DetailsSlab
Lot Size Acres0.161
Lot Size Area7013.16
Road Surface TypePaved
Water SourcePublic

Additional Details

Price History

Schools

Middle School San Jacinto Middle School

Federico Argueta

Agent
Price $400,000
MLS#50095369
List Date 05/19/2026
Property Type Multi-Family
Phone 512.934.1861
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