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    Lubbock Multifamily Investment Opportunity
    Updated: Sep 15, 2025
    Lubbock Multifamily Investment Opportunity

    3511 - 3519 35th Street, Lubbock, TX 79413

    $1,100,000
    10,725 sqft 0.90 AC lot
    5‑building duplex property with 10 total units in Lubbock, currently 100% occupied
    Built in 1959 with brick veneer construction
    Central heating and central air with ceiling fans
    Public water and public sewer service
    Driveway parking and fenced property with porch
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    This listing looks promising.

    Here's a quick look at some key insights for

    3511 - 3519 35th Street, Lubbock, TX 79413

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $87K
      Annual

    • Price @ 7% Cap

      $1.24M
      Above asking

    • Property Type

      Duplex
      Built 1959
    View Property Analytics
    Five-Unit Apartment Building
    Updated: Jul 1
    Five-Unit Apartment Building

    3404 25th Street, Lubbock, TX 79410

    $1,575,000
    11,170 sqft 0.37 AC lot
    2018‑built 5‑unit complex with each unit featuring 4 bedrooms and 4.5 bathrooms.
    Each unit includes a refrigerator and washer/dryer.
    Balconies in each unit, plus rain gutters and exterior lighting.
    Interior features include granite counters, recessed lighting, walk‑in closets, and ceiling fans.
    Natural gas heating and electric cooling.
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    Townhome-Style Multifamily Property
    Townhome-Style Multifamily Property

    2610-2618 136th Street, Lubbock, TX 79423

    $875,000
    6,640 sqft 0.36 AC lot

    Five well-maintained townhomes with rear-entry garages and xeriscape yards across from Lubbock Cooper East Elementary.

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    Townhome Multifamily with Rear Garages
    Townhome Multifamily with Rear Garages

    2620-2628 136th Street, Lubbock, TX 79423

    $875,000
    6,688 sqft 0.37 AC lot

    Well-built townhomes offer xeriscape yards and rear-entry garages, with 2- and 3-bedroom unit layouts.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Student Housing Near Texas Tech
    Student Housing Near Texas Tech

    2007 Main St, Lubbock, TX 79401

    $5,500,000
    13,680 sqft

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

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    Value-Add 12-Unit Apartment Package
    Value-Add 12-Unit Apartment Package

    1708 18th Street, Lubbock, TX 79401

    $299,000
    7,520 sqft 0.22 AC lot

    Four-building multi-family package near Texas Tech and the medical district, offering individual electric metering per unit.

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    Lubbock Multifamily Investment Opportunity
    Lubbock Multifamily Investment Opportunity

    1510 29th Place, Lubbock, TX 79411

    $525,000
    6,630 sqft 0.48 AC lot

    8-unit multifamily property in central Lubbock near major employers.

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    Multifamily Property in Lubbock, Texas
    Multifamily Property in Lubbock, Texas

    3508 E Colgate Street, Lubbock, TX 79403

    $465,000
    5,406 sqft 0.88 AC lot

    Multifamily property with high occupancy and strong cap rate.

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    South Lubbock Townhome Investment Property
    South Lubbock Townhome Investment Property

    2544 137th Street, Lubbock, TX 79423

    $1,150,000
    8,280 sqft 0.07 AC lot

    Five-unit townhome property in desirable South Lubbock, Lubbock-Cooper ISD.

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    Lubbock Multifamily Investment Opportunity
    Lubbock Multifamily Investment Opportunity

    3508 E Colgate Street, Lubbock, TX 79403

    $465,000
    5,406 sqft 0.88 AC lot

    Multifamily property in Lubbock, TX with high occupancy.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    Package Property 2, Lubbock, TX 79412

    $460,000
    5,340 sqft 0.73 AC lot

    Five-unit apartment building with 3 units currently rented and pro-forma cap rate listed at 8.25% at full occupancy.

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    Lubbock Multifamily Investment Opportunity
    Lubbock Multifamily Investment Opportunity

    Package Property 3, Lubbock, TX 79415

    $446,000
    5,443 sqft 0.82 AC lot

    Multifamily property in Lubbock, TX with rental income potential.

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    Based on your search, we've compiled 34 Potential Opportunities for your consideration. Besides 12 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Downtown Big Spring Landmark Building
    Downtown Big Spring Landmark Building

    102 E 3rd St, Big Spring, TX 79720

    $699,000
    5,585 sqft 0.12 AC lot

    Operating pool hall with apartment potential in revitalizing downtown.

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    Big Spring Multifamily Investment Opportunity
    Big Spring Multifamily Investment Opportunity

    900 Scurry St, Big Spring, TX 79720

    $850,000
    7,238 sqft 0.48 AC lot

    Eight-unit multifamily property in Big Spring, Texas, with income potential.

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    Sunrise Apartments Multifamily Investment Opportunity
    Sunrise Apartments Multifamily Investment Opportunity

    1515 E Scharbauer Street, Hobbs, NM 88240

    $3,300,000

    32-unit multifamily property in Hobbs, NM with strong income.

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    Multifamily Property with Owner Finance
    Multifamily Property with Owner Finance

    210 W Dunnam Street, Hobbs, NM 88240

    $1,200,000

    15-unit multifamily property with potential for expansion and owner financing.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

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    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

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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

    Value Estimation by Request
    View details
    1610 45Th St
    Multifamily properties

    1610 45Th St, Lubbock, TX 79412

    Value Estimation by Request
    View details
    7303 Avenue X
    Multifamily properties

    7303 Avenue X, Lubbock, TX 79423

    Value Estimation by Request
    View details
    1301 Colton Ave
    Multifamily properties

    1301 Colton Ave, Lubbock, TX 79416

    Value Estimation by Request
    5,780 sqft
    View details
    1953 82Nd St
    Multifamily properties

    1953 82Nd St, Lubbock, TX 79423

    Value Estimation by Request
    3.82 AC lot
    View details
    9702 Avenue U
    Multifamily properties

    9702 Avenue U, Lubbock, TX 79423

    Value Estimation by Request
    7,587 sqft
    View details
    4602 50Th St
    Multifamily properties

    4602 50Th St, Lubbock, TX 79414

    Value Estimation by Request
    View details
    1101 Englewood Ave
    Multifamily properties

    1101 Englewood Ave, Lubbock, TX 79416

    Value Estimation by Request
    2,890 sqft
    View details
    5833 7Th St
    Multifamily properties

    5833 7Th St, Lubbock, TX 79416

    Value Estimation by Request
    18,400 sqft
    View details
    529 42Nd St
    Multifamily properties

    529 42Nd St, Lubbock, TX 79404

    Value Estimation by Request
    2,976 sqft
    View details
    6505 Avenue Q
    Multifamily properties

    6505 Avenue Q, Lubbock, TX 79412

    Value Estimation by Request
    7,955 sqft 0.41 AC lot
    View details
    5202 Kenosha Ave
    Multifamily properties

    5202 Kenosha Ave, Lubbock, TX 79413

    Value Estimation by Request
    View details

    Lubbock, TX Apartment Buildings Market Trends and Statistics

    Explore 26 apartment buildings for sale in Lubbock, TX, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 92,928 square feet of properties for sale, with an estimated market value of $13,735,000.

    Sale prices for two-family homes in Lubbock, TX start at $299,000, averaging $1,144,583, and reaching up to $5,500,000 — 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 $225K
    79415 $446K
    79411 $525K
    79412 $727.5K
    79423 $994.8K

    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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    Most Searched ZIP Codes in Lubbock, TX

    • 79423
    • 79401
    • 79403
    • 79410
    • 79411
    • 79412
    • 79413
    • 79415

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