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18,356 sqft

$2,600,000

1712 E 3rd, Big Spring TX, 79720

Price per sqft$141.64
Built in1969
Property size18,356 sqft
Property typeCondominium

Overview

Active

Listed Sep 23, 2026

Updated 13 days ago

Fully renovated 16-unit multifamily apartment complex in a prime location near Howard College in Big Spring, Texas. The building was fully renovated in 2023. Big Spring is part of the Permian Basin Oil and Natural Gas industry creating strong, stabilized cash flow in the growing West Texas market. This complex is 100% leased(as of this writing) with an active waiting list, reflecting sustained rental demand. Based on a T-3 pro forma (May–July 2026), the annualized NOI creates a .6.66 Percent CAP Rate which could be brought up to over an 8 percent CAP rate with slight rent increases.

$17,298/mo

Est. mortgage payment based on a $2,600,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
50098472

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.89 Acres

Other Property Details

Taxes
$3,415
Tax Frequency
Annually

Courtesy of Robert Wilson, Legacy Real Estate

Listing Contact: 432-901-3699

Source: © 2025 Permian Basin Board of REALTOR®

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 REALTOR®. 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. Real estate listings held by brokerage firms other than Tracy Farrow Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Copyright © 2025 Permian Basin Board of REALTOR®. All Rights Reserved.

Data last updated 4:07 AM UTC, 10/3/2026

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