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    Lubbock, TX Apartment Buildings for Sale

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    5-Unit Apartment Building
    Updated: Sep 22
    5-Unit Apartment Building

    3404 25th Street, Lubbock, TX 79410

    $1,575,000
    11,170 sqft 0.37 AC lot
    5‑unit apartment property with 11,170 square feet
    Each unit includes 4 bedrooms and 4.5 bathrooms
    Situated on 0.37 acres at 3404 25th Street
    Built in 2018 and fully leased
    Private balconies and washer/dryer in every unit
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    Eight-Unit Apartment Building
    Updated: Aug 28
    Eight-Unit Apartment Building

    2123 15th Street, Lubbock, TX 79401

    $550,000
    7,768 sqft 0.15 AC lot
    Eight‑unit apartment property with seven one‑bedroom units and one four‑bedroom unit
    7,768 square feet across a two‑story building
    Large first‑floor shop included
    Four‑bedroom unit currently used as an AirBnB or student housing
    Built in 1950
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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    1801 38th Street, Lubbock, TX 79412

    $435,000
    5,443 sqft 0.13 AC lot

    Five-unit rental property with carports, central climate control, and a mix of durable flooring and bedroom carpeting.

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    See hot listings in Lubbock

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Townhome Community with Rear-Entry Garages
    Townhome Community with Rear-Entry Garages

    26202628 2620-2628 136th St, Lubbock, TX 79423

    $875,000
    6,688 sqft

    Five well-built townhomes include three 2BR/2BA and two 3BR/2BA end units, each with a rear-entry garage.

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    Apartment Building with Shared Kitchens
    Apartment Building with Shared Kitchens

    2310 Date Avenue, Lubbock, TX 79404

    $250,000
    3,720 sqft 0.16 AC lot

    Two-story multifamily property with private units, a manager’s suite, and month-to-month occupancy terms.

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    5-Unit Townhome Apartment Building
    5-Unit Townhome Apartment Building

    2620-2628 136th Street, Lubbock, TX 79423

    $875,000
    6,688 sqft 0.37 AC lot

    Five brick residences offer a mix of two- and three-bedroom floor plans with private garages.

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    5-Unit Townhome Apartment Building
    5-Unit Townhome Apartment Building

    2610-2618 136th Street, Lubbock, TX 79423

    $875,000
    6,640 sqft 0.36 AC lot

    Brick construction, rear-entry garages, and xeriscaped yards distinguish this five-home rental property.

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    5-Unit Apartment Building with Carports
    5-Unit Apartment Building with Carports

    1801 38th St, Lubbock, TX 79412

    $435,000
    5,443 sqft

    Vinyl-sided apartment property with open-plan interiors, varied flooring, professional management, and four occupied units.

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    Five-Unit Townhome Apartment Building
    Five-Unit Townhome Apartment Building

    2534 137th Street, Lubbock, TX 79423

    $1,150,000
    8,215 sqft 0.32 AC lot

    Contemporary multifamily property with private garages, modern finishes, and access to additional street parking.

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    Apartment Building with Short-Term Rental Units
    Apartment Building with Short-Term Rental Units

    2123 15th St, Lubbock, TX 79401

    $550,000
    7,768 sqft

    Apartment building with a mix of one-bedroom units and renovated furnished short-term rental units near Texas Tech.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    3404 25th St, Lubbock, TX 79410

    $1,575,000
    11,170 sqft

    All units are leased and feature private balconies, in-unit laundry, and refrigerators.

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    Updated Two-Story Apartment Building
    Updated Two-Story Apartment Building

    2310 Date Ave, Lubbock, TX 79404

    $250,000
    3,720 sqft

    Month-to-month terms support flexible occupancy across private units and shared amenities.

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    12-Unit Apartment Building
    12-Unit Apartment Building

    1801 MAIN ST, Lubbock, TX 79401

    Contact for pricing
    9,680 sqft

    Built in 2023, the property combines leased residences with a shared fitness and yoga amenity near Texas Tech University.

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    Five-Unit Townhome Building
    Five-Unit Townhome Building

    2610-2618 136th St, Lubbock, TX 79423

    $875,000
    6,640 sqft

    Townhomes feature rear-entry garages, xeriscaped yards, and updated interior finishes across from an elementary school.

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    124-Unit Apartment Community
    124-Unit Apartment Community

    4602 50th Street, Lubbock, TX 79414

    Contact for pricing

    124-unit apartment community in Lubbock, TX, currently about 79% occupied with renovated interiors for 79 units.

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    Renovated Lubbock Apartments For Sale
    Renovated Lubbock Apartments For Sale

    3333 Toledo Ave, Lubbock, TX 79410

    Contact for pricing

    Apartment complex in Lubbock, TX, renovated in 2017.

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    Based on your search, we've compiled 34 Potential Opportunities for your consideration. Besides 16 Active listings in Lubbock, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 14 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    24-Unit Apartment Community
    24-Unit Apartment Community

    501 Plaza Drive, Slaton, TX 79364

    $1,200,000
    22,368 sqft 0.12 AC lot

    Twelve single-story duplexes provide two-bedroom layouts with washer and dryer connections in every unit.

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    24-Unit Apartment Building
    24-Unit Apartment Building

    501 Plaza Dr, Slaton, TX 79364

    $1,200,000
    22,368 sqft

    The community comprises one-story duplexes with two-bedroom layouts and washer/dryer connections in every residence.

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    Value-Add Apartment Community
    Value-Add Apartment Community

    1100 S Wicker Avenue, Littlefield, TX 79339

    Contact for pricing
    35,866 sqft

    Apartment community with 45 units and roughly 93% occupancy, offering room to increase NOI through rent adjustments.

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    45-Unit Apartment Building
    45-Unit Apartment Building

    1100 S Wicker Avenue, Littlefield, TX 79339

    $2,400,000

    Established multifamily property with maintained improvements and current occupancy above ninety percent.

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    Off-Market Properties in Lubbock, TX

    Consider similar Off-Market properties in Lubbock, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4501 Brownfield Dr
    Multifamily properties

    4501 Brownfield Dr, Lubbock, TX 79410

    Estimated value: by Request
    View details
    1610 45Th St
    Multifamily properties

    1610 45Th St, Lubbock, TX 79412

    Estimated value: by Request
    View details
    7303 Avenue X
    Multifamily properties

    7303 Avenue X, Lubbock, TX 79423

    Estimated value: by Request
    View details
    1301 Colton Ave
    Multifamily properties

    1301 Colton Ave, Lubbock, TX 79416

    Estimated value: by Request
    5,780 sqft
    View details
    1953 82Nd St
    Multifamily properties

    1953 82Nd St, Lubbock, TX 79423

    Estimated value: by Request
    3.82 AC lot
    View details
    9702 Avenue U
    Multifamily properties

    9702 Avenue U, Lubbock, TX 79423

    Estimated value: by Request
    7,587 sqft
    View details
    4602 50Th St
    Multifamily properties

    4602 50Th St, Lubbock, TX 79414

    Estimated value: by Request
    View details
    1101 Englewood Ave
    Multifamily properties

    1101 Englewood Ave, Lubbock, TX 79416

    Estimated value: by Request
    2,890 sqft
    View details

    Lubbock, TX Apartment Buildings Market Trends and Statistics

    Explore 30 apartment buildings for sale in Lubbock, TX, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 100,753 square feet of properties for sale, with an estimated market value of $10,270,000.

    Sale prices for apartment complexes in Lubbock, TX start at $250,000, averaging $790,000, and reaching up to $1,575,000 — 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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    Demographics Overview

    Population 286K
    Population Growth (5Y) +0.1%
    Median Household Income $66,110
    College Educated 24.2%

    High-Yield Neighborhoods for Investment

    Identify Lubbock submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    79404 $250K
    79412 $435K
    79401 $550K
    79423 $930K
    79410 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.81%
    Property Tax per SF $22.36 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lubbock County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lubbock County

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Lubbock fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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    Browse Apartment buildings for Sale Near Lubbock, TX

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    Most Searched ZIP Codes in Lubbock, TX

    • 79423
    • 79401
    • 79410
    • 79404
    • 79412
    • 79414

    Featured Lubbock Real Estate Agencies

    Realmo connects you with licensed Lubbock CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Coldwell Banker Trusted Advisors
    4924 S Loop 289 Lubbock, TX 79414
    Phone: 18067843222
    www.cblubbock.com
    LMAX LP
    4703 S. Loop 289 Lubbock, TX 79424
    Phone: 18067994200
    www.remaxlubbock.com
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