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31-Unit Apartment Building
For Sale
$2,165,915

3011 E 3rd Street, Lubbock, TX 79403

Residential Income, Lubbock, TX

Property Size34,091 SF
Lot Size0.17 Acres
Price / SF$63.53
Days on Market45

Property Features for 3011 E 3rd Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 88
Bathrooms 40
Full bathrooms 40
Rooms Bedroom 20, Bedroom 75, Bedroom 22, Bedroom 81, Bathroom 13, Bathroom 24, Bedroom 76, Bathroom 38, Bathroom 25, Bedroom 1, Bathroom 36, Bedroom 77, Bedroom 56, Bedroom 73, Bathroom 37, Bathroom 9, Bedroom 29, Bedroom 48, Bathroom 39, Bedroom 10, Bedroom 51, Bedroom 55, Bedroom 46, Bedroom 26, Bathroom 26, Bathroom 3, Bathroom 22, Bedroom 15, Bedroom 36, Bedroom 7, Bedroom 33, Bedroom 28, Bathroom 40, Bedroom 79, Bedroom 35, Bedroom 23, Bathroom 7, Bathroom 35, Bathroom 31, Bedroom 13, Bathroom 20, Bathroom 11, Bedroom 31, Bathroom 23, Bedroom 30, Bedroom 27, Bedroom 62, Bedroom 57, Bedroom 74, Bathroom 27, Bathroom 5, Bathroom 15, Bathroom 1, Bedroom 78, Bedroom 34, Bedroom 38, Bathroom 18, Bathroom 4, Bathroom 33, Bedroom 58, Bedroom 84, Bathroom 29, Bedroom 21, Bedroom 25, Bedroom 8, Bedroom 70, Bedroom 9, Bedroom 42, Bedroom 80, Bedroom 47, Bedroom 4, Bedroom 63, Bathroom 32, Bedroom 68, Bedroom 69, Bedroom 54, Bedroom 43, Bedroom 40, Bedroom 24, Bathroom 34, Bedroom 72, Bedroom 85, Bedroom 6, Bedroom 83, Bedroom 52, Bathroom 10, Bedroom 65, Bathroom 8, Bedroom 88, Bedroom 41, Bedroom 16, Bedroom 18, Bathroom 16, Bathroom 19, Bedroom 66, Bedroom 3, Bedroom 39, Bathroom 17, Bathroom 30, Bedroom 53, Bathroom 14, Bedroom 59, Bedroom 14, Bedroom 60, Bedroom 11, Bedroom 2, Bedroom 49, Bedroom 64, Bedroom 87, Bedroom 12, Bedroom 17, Bedroom 5, Bedroom 37, Bathroom 12, Bedroom 67, Bedroom 45, Bedroom 82, Bedroom 32, Bedroom 71, Bathroom 28, Bedroom 61, Bedroom 50, Bedroom 44, Bathroom 21, Bedroom 86, Bathroom 2, Bedroom 19, Bathroom 6
Parking features Carport
Elementary school district Lubbock ISD
Middle school district Lubbock ISD
High school district Lubbock ISD
Subdivision 1
Standard status Active
APN R112391
Size 34,091 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description Bozeman Hts Blk 10 E27.5'L 15& W27.5'Of 16
Tax Annual Amount 1417
Legal Description Bozeman Hts Blk 10 E27.5'L 15& W27.5'Of 16

Utilities

Sewer type Public Sewer
Heating system Varies by Unit (Heating)
Cooling system Central Air, Varies by Unit, Ceiling Fan(s)
Water source Public

Building Details

Year built 1952
Building materials Brick, Stucco, Wood Siding
Roof type Composition
Listing Agency: Realty Refined · RE/MAX International
Listed By: Scott Toman · License #0468252
Added: Jul 17 Changed: Aug 19 Last Checked: Aug 30 at 4:06PM
MLS# 202609918

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.

Investment Insights

Based on property information with market context.

This 31-unit apartment property contains 88 bedrooms and 40 bathrooms across 34,091 square feet. Built in 1952, the improvements incorporate brick, stucco, and wood siding with composition roofing. Unit features include varying heating and cooling systems, central air in some units, ceiling fans, and carport parking.

The property is served by public water and public sewer. Most tenants have remained in place for years, and the units are leased on a month-to-month basis. The apartment configuration and substantial bedroom and bathroom count provide a sizable residential income property within Lubbock.

Key Highlights

  • 31‑unit apartment property
  • 88 bedrooms and 40 bathrooms
  • 34,091 square feet of total building area

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Building Supply Parking Lot & Garage HVAC Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

31
Residential units

Location Intelligence

Trade Area within ½ mile

138
Businesses Nearby

Demographics for 79403, TX

15,604
Population
6,530
Households
2.4
Avg Household Size
38
Median Age
11%
College-Educated
76%
High-School Grad
131.3 sq mi
ZIP Area
119
Density / Sq Mi
$45,343
Median Household Income
$27,431
Median Earnings
$946
Median Rent
$83,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Many residents have remained for years under month-to-month lease arrangements.
Where is this apartment building located?
The property is located at 3011 E 3rd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $2,165,915.
What are key features of this property?
This property features: 31‑unit apartment property; 88 bedrooms and 40 bathrooms; 34,091 square feet of total building area
More about this property
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