$350,000

3213 Franklin Ave Midland, TX 79701

Crestview Neighborhood

Estimated payment $2,127/month

Total Views 459
6 Beds
4 Baths
2,375 Sq Ft
$147 Price per Sq Ft

Highlights

  • Breakfast Area or Nook
  • Brick Veneer
  • Central Heating and Cooling System
  • 4 Car Detached Garage
  • 1-Story Property
  • Ceiling Fan

About This Home

Turnkey, income-producing quadraplex! Property is fully leased with consistent rental income. All units have been updated within the last 3 years, making it a low-maintenance, high-performing asset for any investors portfolio.

Listing Agent

Ann Wheeler

The Sales Team Realtors Brokerage Phone: 4326181818 License #TREC #0814194 Listed on: 12/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,496

Year Built

  • Built in 1958

Lot Details

  • 0.32 Acre Lot

Home Design

  • Quadruplex
  • Brick Veneer
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,375 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Detached Garage
  • 4 Carport Spaces
  • Alley Access

Schools

  • Lamar Elementary School
  • San Jacinto Middle School
  • Midland High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Gas Water Heater

Community Details

  • Ranchland Subdivision

Listing and Financial Details

  • Assessor Parcel Number R000040368

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,496

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.321
  • Road Frontage Type: Curbs/Gutters
  • Road Surface Type: Paved
  • Subdivision Name: Ranchland
  • Carport Y N: Yes
  • Unit Levels: One
  • Year Built: 1958
  • NAV47_rets_property_type: Residential Income
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Electric Range, Gas Range
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 2375
  • Room Kitchen Features: Breakfast

Exterior Features

  • Construction Type: Brick Veneer
  • Foundation Details: Slab
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 4
  • Covered Parking Spaces: 4
  • Open Parking: No
  • Parking Features: Detached, Other-See Remarks, Alley Access
  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Air, Other-See Remarks
  • Cooling Y N: Yes
  • Heating: Central, Other-See Remarks
  • Heating Yn: Yes
  • Electric: Separate Meter-Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Gas Company: Separate Meter-Gas

Condo/Co-op/Association

  • HOA Rent Includes: Water, Gas, Electricity

Schools

  • Elementary School: Lamar
  • Junior High Dist: Midland
  • High School: Midland
  • Middle Or Junior School: San Jacinto

Lot Info

  • Lot Size Sq Ft: 13982.76
  • Farm Land Area Units: Square Feet
  • Parcel #: R000040368

Tax Info

  • Tax Annual Amount: 3496.39

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,620 $238,400 $28,000 $210,400
2024 $3,748 $246,810 $28,000 $218,810
2023 $3,699 $246,810 $28,000 $218,810
2022 $3,604 $230,700 $28,000 $202,700
2021 $3,910 $224,420 $28,000 $196,420
2020 $3,875 $223,610 $28,000 $195,610
2019 $4,233 $223,610 $28,000 $195,610
2018 $3,195 $164,340 $28,000 $136,340
2017 $3,235 $166,370 $28,000 $138,370
2016 $1,990 $102,150 $28,000 $74,150
2015 -- $102,150 $28,000 $74,150
2014 -- $105,130 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 For Sale $350,000 -- $147 / Sq Ft
Source: Permian Basin Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- West Texas Abstract & Title
Vendors Lien -- West Tx Abstract & Ttl Co Ll
Vendors Lien -- Stewart Title Of Midland Llc
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $306,900 VA
Previous Owner $150,000 Future Advance Clause Open End Mortgage
Previous Owner $77,000 Purchase Money Mortgage
Source: Public Records

Source: Permian Basin Board of REALTORS®

MLS Number: 50087155

Permian Basin Board of REALTORS®

APN: R000040-368

Texas Midland County Midland 79701 Crestview

3213 Franklin Ave, Midland, TX

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Permian Basin Board of REALTORS® All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Listing Agent
Ann Wheeler
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The Sales Team Realtors