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Lamb County, TX Apartment Buildings for Sale

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45-Unit Apartment Building
Updated: May 5
45-Unit Apartment Building

1100 S Wicker Avenue, Littlefield, TX 79339

$2,400,000
45 apartment units
Approximately 93% occupancy
Built in 1970
Near Highway 385 and Highway 84
1100 S Wicker Avenue, Littlefield, TX 79339
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Value-Add Apartment Community
Updated: Apr 27
Value-Add Apartment Community

1100 S Wicker Avenue, Littlefield, TX 79339

Contact for pricing
35,866 sqft
Oak Terrace Apartments is a 1970‑built, 45‑unit multifamily property in Littlefield, TX
Approximately 93% occupancy currently, with strong collections and consistent income performance
Trailing financials show about $238,940 NOI on about $340,126 total income (about 9.96% cap rate)
Current operations generate about $270,938 NOI before fixed expenses (per trailing figures)
Rents are currently below market averages, offering potential to increase NOI through strategic rent adjustments
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Based on your search, we've compiled 2 Potential Opportunities for your consideration. Besides 2 Active listings in Lamb County, TX, we suggest exploring several alternatives:

Lamb County, TX Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Lamb County, TX on our real estate platform. These investment opportunities span a total of 35,866 square feet of properties for sale, with an estimated market value of $2,400,000.

Sale prices for apartment complexes in Lamb County, TX average $2,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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