Ector County · Odessa
Sell Your Commercial Property In Odessa, TX
We are an active buyer of Odessa commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Downtown Odessa · West Odessa · Gardendale · Northeast Odessa — Ector County, TX
Market Snapshot
Renter Demand In Odessa
Odessa, Texas, seat of Ector County and a hub of Permian Basin oil and gas activity, has 115,322 residents under ACS 2020-2024 data, with a 40.2% renter share above the county's 35.3% figure. Buildings with five or more units hold 22.7% of its housing at a 1980 median year built.
Owners who want to sell commercial property in Odessa, TX face a combined 2026 tax rate of $2.204002 per $100 and a median rent of $1,315. This profile covers rents, taxes, landlord rules and value near the University of Texas Permian Basin.
UTPB enrollment growth
The University of Texas Permian Basin reported 5,622 students for fall 2025, up 2% from fall 2024, per UTPB.Medical Center Hospital
Medical Center Hospital operates as a 402-bed regional medical center in Odessa, per Medical Center Health System's site.Ector County employment base
Ector County employment reached 80,068 jobs in March 2025, up 0.8% from a year earlier, per BLS data.Our Buy Box
What We Buy In Odessa
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Odessa Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Odessa
Renters occupy 40.2% of Odessa's occupied homes, or 18,769 of 46,660 households, under ACS 2020-2024 tenure data, above Ector County's 35.3% share. Buildings with five or more units hold 22.7% of Odessa's housing, or 11,325 of 49,871 homes, per ACS units-in-structure data, with a 1980 median year built. Investors selling commercial property in Odessa should weigh that older stock.
Rents and affordability in Odessa
Odessa's median gross rent is $1,315 a month under ACS 2020-2024 data, below the $1,403 Texas median. An owner ready to sell commercial property in Odessa, TX should weigh that rent discount.
Rent burden runs high: 51.3% of renters pay 30% or more of income on rent, per ACS table B25070. Rental vacancy stood at 5.3% per ACS housing profile data.
| HUD FY2027 FMR | Odessa, TX MSA |
|---|---|
| Efficiency | $1,153 |
| One-bedroom | $1,229 |
| Two-bedroom | $1,522 |
| Three-bedroom | $1,813 |
Figures are HUD fair market rents for the Odessa, TX MSA, effective October 1, 2026.
Property taxes in Ector County
An Odessa property inside Ector County ISD carries a combined 2026 rate of $2.204002 per $100: county $0.411665, city $0.471578, school $0.993900, college $0.176859 and hospital $0.150000, per the Ector County Appraisal District's tax rate schedule.
On a $2,000,000 taxable value, that rate produces $44,080.04 a year: $19,878.00 school, $9,431.56 city, $8,233.30 county, $3,537.18 college and $3,000.00 hospital. Owners planning to sell commercial real estate in Odessa, TX should run this math against their own notice.
An owner protests value by May 15 or 30 days after notice delivery, whichever is later, under Tax Code Section 41.44. Texas levies no transfer tax, and the Ector County fee schedule sets $25.00 for a one-page deed.
Landlord rules in Odessa
Texas requires at least three days' written notice to vacate before an eviction suit, under Property Code Section 24.005.
A landlord must refund a deposit by the 30th day after surrender, under Property Code Section 92.103. Texas allows rent control only after a disaster emergency finding and the governor's approval, per Local Government Code Section 214.902, so an owner planning to sell multifamily property in Odessa faces no local rent caps.
What it means for an Odessa owner
Odessa's 1980 median year built and 22.7% 5+ unit share pair with a combined 2026 tax rate of $2.204002 per $100. Owners who sell commercial property in Odessa, TX need to underwrite that bill.
The University of Texas Permian Basin's enrollment growth and the 402-bed Medical Center Hospital anchor demand. Skyline Capital Investments buys 5+ unit buildings; owners ready to sell your apartment building in Odessa can start with our cap rate calculator or sell my apartment building page.
Local Knowledge
Pricing Your Building In Odessa
More about selling in Texas →Investing in Odessa? See apartment syndications in Odessa →
- Odessa's 1980 median year built is older than many Permian Basin metros, meaning deferred capital work for buyers.
- Odessa's income tops Ector County's figure, helping owners sell commercial real estate in Odessa, TX.
- Ector County ISD's $0.993900 rate is nearly half the combined 2026 bill, the largest slice before a sale.
Seller Guides
Your Situation, Handled — Odessa
Learn More
Taxes & Rules For Odessa Property
The Texas rules that shape any deal in Odessa: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Odessa Seller FAQ
How do I sell commercial property in Odessa, TX?
Start by pulling rent rolls and the current Ector County Appraisal District notice, since Odessa's combined 2026 tax rate of $2.204002 per $100 takes a real share of net income. Price the building against buyer cap rates, then list with a broker once the numbers are documented.
What does it take to sell commercial real estate in Odessa, TX?
Buyers underwrite Odessa's energy-driven demand, anchored by the University of Texas Permian Basin and the 402-bed Medical Center Hospital, plus a 40.2% renter share. A clean rent roll and current tax notice speed a sale and support a stronger price.
What is Odessa's median rent for apartment buildings?
Odessa's median gross rent is $1,315 a month under ACS 2020-2024 data, below the $1,403 Texas median. HUD's FY2027 fair market rent for a two-bedroom in the Odessa, TX MSA is $1,522, a useful benchmark for pricing a multifamily sale.
How much will property taxes cost on an Odessa apartment building?
A $2,000,000 taxable value inside Ector County ISD carries a combined 2026 rate of $2.204002 per $100, or $44,080.04 a year, split among the county, city, school, college and hospital district. Confirm the parcel's exact districts before pricing a sale.
Does Odessa have rent control or a security deposit cap?
Texas allows rent control only after a disaster emergency finding and the governor's approval, so Odessa has no local rent caps. A landlord must refund a deposit by the 30th day after a tenant surrenders the unit, under Property Code Section 92.103.
Will you buy a Odessa property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
How does a sale to you work in Ector County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in Odessa with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
What do I need to sell my apartment building in Odessa?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Get An Offer Review In Odessa
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
