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Monahans Apartment Complex 2 Multifamily Properties Offered at $4,400,000 in Monahans, TX
Investment Highlights
- Total units: 22 (10 existing, 12 under construction)
- Near-term growth: 12 additional units coming online — ability to scale management and revenue quickly
- Flexible use: Short-term corporate housing, traditional monthly leases, or a blended strategy to maximize occupancy/revenue
- Immediate income: Existing 10-unit building operating as corporate housing (most units furnished)
- Lower operating friction: Separate meters + all-electric utilities shift utility expense control to tenants/occupants
- Attractive local demand drivers: Proximity to Delaware Basin / Permian Basin workforce and related service industries
Executive Summary
Two New-Construction Apartment Complexes in Monahans, TX, 22 Total Units, Turnkey Income + Growth Upside.
Discover a rare off-market opportunity in Monahans: two newly built apartment properties that combine immediate cashflow with near-term growth potential.
401-405 4th ST is a completed, 10-unit complex currently serving as corporate housing. Unit mix: 8 × 2BR / 1.5BA and 2 × 1BR / 1BA. All units are occupied and 7 units are fully furnished and currently being used as Corporate Housing.
1500 N Main is under construction and will add 12 units at delivery: 5 × 2BR / 2BA and 7 × 1BR / 1BA. Together the two sites create a combined 22-unit portfolio ideal for an owner-operator, small syndicate, or investor seeking a compact, scalable multifamily play.
Key features (both properties)
Individual laundry rooms in each building
Stylish, contemporary finishes and open-concept floorplans
All-electric systems (no gas on site)
Separately metered utilities for unit-level billing and reduced owner operating overhead
Thoughtful unit mix that supports both short-term corporate stays and long-term residential leases
Location & investment thesis: Positioned in Monahans and within easy reach of the Delaware Basin and the expanding Permian Basin, these properties benefit from regional energy-driven demand and workforce housing needs. The combination of turnkey furnished corporate housing (immediate cashflow) plus an under-construction building (near-term value creation) offers both stabilized income and upside from lease-up, market rent growth, or conversion to longer-term leases.
Investment highlights:
Total units: 22 (10 existing, 12 under construction)
Immediate income: Existing 10-unit building operating as corporate housing (most units furnished)
Near-term growth: 12 additional units coming online — ability to scale management and revenue quickly
Lower operating friction: Separate meters + all-electric utilities shift utility expense control to tenants/occupants
Flexible use: Short-term corporate housing, traditional monthly leases, or a blended strategy to maximize occupancy/revenue
Attractive local demand drivers: Proximity to Delaware Basin / Permian Basin workforce and related service industries
Discover a rare off-market opportunity in Monahans: two newly built apartment properties that combine immediate cashflow with near-term growth potential.
401-405 4th ST is a completed, 10-unit complex currently serving as corporate housing. Unit mix: 8 × 2BR / 1.5BA and 2 × 1BR / 1BA. All units are occupied and 7 units are fully furnished and currently being used as Corporate Housing.
1500 N Main is under construction and will add 12 units at delivery: 5 × 2BR / 2BA and 7 × 1BR / 1BA. Together the two sites create a combined 22-unit portfolio ideal for an owner-operator, small syndicate, or investor seeking a compact, scalable multifamily play.
Key features (both properties)
Individual laundry rooms in each building
Stylish, contemporary finishes and open-concept floorplans
All-electric systems (no gas on site)
Separately metered utilities for unit-level billing and reduced owner operating overhead
Thoughtful unit mix that supports both short-term corporate stays and long-term residential leases
Location & investment thesis: Positioned in Monahans and within easy reach of the Delaware Basin and the expanding Permian Basin, these properties benefit from regional energy-driven demand and workforce housing needs. The combination of turnkey furnished corporate housing (immediate cashflow) plus an under-construction building (near-term value creation) offers both stabilized income and upside from lease-up, market rent growth, or conversion to longer-term leases.
Investment highlights:
Total units: 22 (10 existing, 12 under construction)
Immediate income: Existing 10-unit building operating as corporate housing (most units furnished)
Near-term growth: 12 additional units coming online — ability to scale management and revenue quickly
Lower operating friction: Separate meters + all-electric utilities shift utility expense control to tenants/occupants
Flexible use: Short-term corporate housing, traditional monthly leases, or a blended strategy to maximize occupancy/revenue
Attractive local demand drivers: Proximity to Delaware Basin / Permian Basin workforce and related service industries
Property Facts
| Price | $4,400,000 | Number of Properties | 2 |
| Price / SF | $135.58 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 32,454 SF |
| Status | Active | Total Land Area | 1.00 AC |
| Price | $4,400,000 |
| Price / SF | $135.58 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 32,454 SF |
| Total Land Area | 1.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 405 W 4th St, Monahans, TX 79756 | Multifamily | 21,454 SF | 2024 | - |
| 1500 N Main Ave, Monahans, TX 79756 | Multifamily | 11,000 SF | 2025 | - |
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