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$229,000

1311 N Washington Ave, Odessa, TX, 79761

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,298 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$140.99 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 1Bathrooms Half 1

Exterior

Lot Size8,520 sqft

Building Information

Year Built1965

Land Information

APN13900.03000.00000
Lot Number4-5
SubdivisionHerbert Wight
Land UseResidential
Legal DescriptionHERBERT WIGHT BLOCK 73A LOT 4 & S/2 OF LOT 5
Census Tract001300
Assessed Land Value$16,273
Assessed Improvement Value$121,472
Assessment Year2025

About this property

Looking for the perfect starter home? This one has plenty of space with a perfect functional layout. This charming home is conveniently located near all of the downtown amenities. Large, spacious bedrooms and a huge oversized backyard! New A/C with 10 year warranty, fresh paint and new carpet! All appliances stay. Don't miss out on this cute gem! Schedule your showing today!

Investor Tools

Property Icon
$229,000
Estimated Property Value
$0Estimated Mortgage Balance
$229,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,896
$137,745
2025
$16,273
$121,472
$137,745
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,896
$137,745

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$157,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Odessa

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1311 N Washington Ave | Property Details | No Agent List