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South Lubbock Townhome Investment Property

2544 137th Street, Lubbock, TX 79423

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For Sale

$1,150,000

MULTI_FAMILY - Other - Lubbock, TX

Property size:

8,280 SF

Lot size:

0.07 Acres

Price / SF:

$138/SF

HighLights

5‑unit townhome investment property in highly desirable South Lubbock.
Located within Lubbock‑Cooper ISD.
Mix of two 3‑bedroom, 2‑bath units and three 3‑bedroom, 2.5‑bath units, each with a one‑car garage.
Low‑maintenance design with turf in front and back yards.
Modern interior finishes including granite counters and kitchen island.
Built in 2023 with durable brick and vinyl siding.

We can help!

Listing Contact

Jennifer Colley

Learn more

For Sale

$1,150,000

MULTI_FAMILY - Other - Lubbock, TX

Property size:

8,280 SF

Lot size:

0.07 Acres

Price / SF:

$138/SF

Added:: Mar 27, 2026
Days on Market:: 76
Last Refresh:: Jun 10 at 3:06 am

Property Features for 2544 137th Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 3
Bathrooms: 3
Rooms: Bathroom 10, Bathroom 7, Bathroom 6, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 9, Bathroom 8, Bathroom 5, Bedroom 1
Parking features: Garage
Interior features: Ceiling Fan(s), Granite Counters, Kitchen Island, Pantry
Fencing: Fenced
Appliances: Dishwasher, Disposal, Microwave, Refrigerator
Standard status: Active
APN: R339816
Size: 8,280 SF
Lot size: 0.07 Acres

Taxes and HOA fees

Tax Description: Viridian L 206
Tax Annual Amount: 25027

Utilities

Heating system: Central
Cooling system: Ceiling Fan(s), Electric

Building Details

Year built: 2023
Floors in Building: 2
Number of units: 5
Flooring type: Vinyl, Carpet
Building materials: Brick, Vinyl Siding
Roof type: Composition
Architectural style: Other

We can help!

Listing Contact

Jennifer Colley

Listing agent Jennifer Colley License #0652515

Listing office Keller Williams Realty 10210 Quaker Ave, Lubbock, TX

Listing date Mar 27, 2026

MLS# 202603992 Listing URL

Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

5‑unit townhome investment property in highly desirable South Lubbock.
Located within Lubbock‑Cooper ISD.
Mix of two 3‑bedroom, 2‑bath units and three 3‑bedroom, 2.5‑bath units, each with a one‑car garage.
Low‑maintenance design with turf in front and back yards.
Modern interior finishes including granite counters and kitchen island.
Built in 2023 with durable brick and vinyl siding.

Overview

This is a five-unit townhome investment property located in South Lubbock, within the Lubbock-Cooper Independent School District. The property includes two 3-bedroom, 2-bath units and three 3-bedroom, 2.5-bath units, each with a one-car garage. The townhomes feature spacious layouts with interior finishes. The exterior is designed for durability and convenience, with turf in both the front and back yards. Located in a growing area of South Lubbock, the townhomes are situated minutes from shopping, dining, and schools. The property is 8280 square feet and sits on a lot of 0.07 acres.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$130.2k	$15.72
− Vacancy	−$8.1k	−$0.97
EGI	$122.1k	$14.75
− OpEx	−$54.9k	−$6.64
NOI	$67.2k	$8.11

8,280 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$959.3K

$839.4K – $1.12M (±1% cap)

NOI $67,150 @ 7.0% cap · market cap 5.84%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,119 @ 7.0% cap · market cap 12.71%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City: Lubbock
County: Lubbock
State: Texas
Longitude: -101.872528
Latitude: 33.470235

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For sale
Apartment buildings
TX
Lubbock
79423
2544 137th Street

What type of property is this?

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

Where is this apartment building located?

The property is located at 2544 137th Street Lubbock, TX.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: 5‑unit townhome investment property in highly desirable South Lubbock.; Located within Lubbock‑Cooper ISD.; Mix of two 3‑bedroom, 2‑bath units and three 3‑bedroom, 2.5‑bath units, each with a one‑car garage.

2544 137th Street, Lubbock, TX 79423

MULTI_FAMILY - Other - Lubbock, TX

Property Features for 2544 137th Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Map

Nearby Similar for Sale

Medical Office Building with 2025 Build

Lubbock Commercial Suites For Sale

Lubbock Commercial Opportunity on Upland

Versatile Commercial Space in Lubbock

Metal Flex Building with Fenced Yard

Lubbock Office Investment Opportunity

Well-Appointed Office Building in Lubbock

Climate-Controlled Warehouse with Offices

Multi-Office Building with Garage

Flex Warehouse with Office Buildout

Lubbock Church with Redevelopment Potential

Lubbock Multifamily Investment Package

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