Lubbock, TX Apartment Buildings for Sale

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27 properties

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Updated: Aug 18

5-Unit Apartment Building

3404 25th Street, Lubbock, TX 79410

$1,575,000

11,170 sqft 0.37 AC lot

Five fully leased apartment units, each with 4 bedrooms and 4.5 bathrooms
11,170 square feet on 0.37 acres
Built in 2018
Balconies, washers/dryers, refrigerators, and open‑concept layouts in each unit
Granite counters, walk‑in closets, storage, recessed lighting, and ceiling fans

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Updated: Jun 26

Brick Five-Townhome Apartment Building

2610-2618 136th Street, Lubbock, TX 79423

$875,000

6,640 sqft 0.36 AC lot

Five townhome units in brick construction built in 2022
Private entrances and private yards for each townhome
Across the street from Lubbock Cooper East Elementary
0.36‑acre lot and 6,640 SF total property size
Natural gas heating with central air and ceiling fans

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Townhome-Style Apartment Building

2620-2628 136th Street, Lubbock, TX 79423

$875,000

6,688 sqft 0.37 AC lot

Five brick townhome units built in 2022 with rear-entry garages and private yards across from Lubbock Cooper East Elementary.

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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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Eight-Unit Apartment Building

2123 15th Street, Lubbock, TX 79401

$550,000

7,768 sqft 0.15 AC lot

Two-story multifamily property with varied unit layouts and a substantial first-floor shop.

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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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31-Unit Apartment Building

3011 E 3rd Street, Lubbock, TX 79403

$2,165,915

34,091 sqft 0.17 AC lot

Many residents have remained for years under month-to-month lease arrangements.

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Apartment Building with Short-Term Rental Units

2123 15th St, Lubbock, TX 79401

$610,000

15,536 sqft

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

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Two-Story Apartment Building with 11 Units

2310 Date Avenue, Lubbock, TX 79404

$250,000

3,720 sqft 0.16 AC lot

Two-story multifamily property with 11 private one-bedroom units and a manager suite, plus shared kitchen and bath areas.

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6-Unit Apartment Building

1906 Dixie Drive, Lubbock, TX 79411

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3,150 sqft 0.13 AC lot

Six efficiency units offer a compact multifamily configuration requiring renovation work.

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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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Multifamily Apartment Building with Carport

3508 E Colgate Street, Lubbock, TX 79403

$465,000

5,406 sqft 0.88 AC lot

Multifamily apartment building with carport parking, central HVAC, and 5 out of 5 units currently occupied.

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5-Unit Townhome Apartment Building

2544 137th Street, Lubbock, TX 79423

$1,150,000

8,280 sqft 0.07 AC lot

Modern townhome complex with individual garages, turf yards, and low-maintenance exterior features.

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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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Apartment Building with Carport

Package Property 2, Lubbock, TX 79412

$460,000

5,340 sqft 0.73 AC lot

Apartment building on 0.73 acres with central HVAC, carport parking, and three of five units currently rented.

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12-Unit Apartment Building

1801 MAIN ST, Lubbock, TX 79401

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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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Six-Unit Efficiency Apartment Building

1906 Dixie Dr, Lubbock, TX 79411

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3,150 sqft

Efficiency apartment property with renovation needs and a six-unit configuration.

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Student Housing Near Texas Tech

2007 Main St, Lubbock, TX 79401

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13,680 sqft

26-bed student housing property approximately 1.2 miles from Texas Tech.

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124-Unit Apartment Community

4602 50th Street, Lubbock, TX 79414

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

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New Apartment Community

13510 Indiana Ave, Lubbock, TX 79423

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Brand-new 204-unit complex built in 2023, featuring one- and two-story brick and stucco buildings and in-unit laundry.

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Renovated Lubbock Apartments For Sale

3333 Toledo Ave, Lubbock, TX 79410

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Apartment complex in Lubbock, TX, renovated in 2017.

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129-Unit Garden-Style Apartment Community

5301 11th St, Lubbock, TX 79416

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Updated rental community with varied floorplans, full-size kitchens, and shared recreational and business amenities.

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Four-Property Apartment Portfolio

2607 Slide Rd, Lubbock, TX 79407

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Four Lubbock apartment properties offer varied floor plans, locations, and occupancy profiles.

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60-Unit Apartment Renovation Package

1915 14th St Lubbock, Lubbock, TX 79401

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Two renovated apartment properties totaling 60 units, with on-site laundry and separately metered electric throughout.

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Lubbock, TX Apartment Buildings Market Trends and Statistics

Explore 41 apartment buildings for sale in Lubbock, TX, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 156,790 square feet of properties for sale, with an estimated market value of $11,410,915.

Sale prices for two-family homes in Lubbock, TX start at $250,000, averaging $815,065, and reaching up to $2,165,915 — 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	$447.5K
79401	$580K
79423	$930K
79413	$1.1M

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

Residential Income

Property Size Breakdown

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

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