24-Unit Apartment
For Sale
$1,200,000
501 Plaza Drive, Slaton, TX 79364
Commercial Sale, Slaton, TX
Property Size22,368 SF
Lot Size0.12 Acres
Price / SF$53.65
Days on Market96
Property Features for 501 Plaza Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Middle school
Slaton
High school
Slaton
Elementary school district
Slaton ISD
Middle school district
Slaton ISD
High school district
Slaton ISD
Subdivision
Slaton
Standard status
Active
APN
R136760
Size
22,368 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
Plaza Blk 1 L 12
Tax Annual Amount
1047
Legal Description
Plaza Blk 1 L 12
Amenities
washer/dryer connections
Building Details
Year built
1966
Floors in Building
1
Roof type
Composition
Listing Agency:
Keller Williams Realty
(806) 771-7710
Listed By:
Gregory Brownd · License #0596497
(806) 777-4459
Added: Jun 16
Changed: Aug 19
Last Checked: Sep 19 at 8:06PM
MLS# 202608218
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.
The Plaza is a 24-unit apartment property at 501 Plaza Drive in Slaton, Texas. Its layout includes 12 single-story duplex buildings, with each residence configured as a two-bedroom, one-bath unit. Washer/dryer connections are provided in every apartment.
The community contains 22,368 square feet on 0.12 acres. Built in 1966, the property has composition roofing. Current water expense is approximately twice the comparable expense level cited for the area, and resident water billing is identified as an operational consideration. The property manager also reports that rents have not been increased in five years, while nearby two-bedroom apartments are reported at approximately $135 more per month.
The community contains 22,368 square feet on 0.12 acres. Built in 1966, the property has composition roofing. Current water expense is approximately twice the comparable expense level cited for the area, and resident water billing is identified as an operational consideration. The property manager also reports that rents have not been increased in five years, while nearby two-bedroom apartments are reported at approximately $135 more per month.
Key Highlights
- 24‑unit apartment property comprising 12 single‑story duplex buildings
- All units feature a two‑bedroom, one‑bathroom layout
- Washer/dryer connections are included in every unit
Property Analytics
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Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 79364, TX
7,985
Population
2,949
Households
2.7
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
210.5 sq mi
ZIP Area
38
Density / Sq Mi
$55,221
Median Household Income
$39,774
Median Earnings
$1,018
Median Rent
$89,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve single-story duplex structures offer two-bedroom, one-bath residences with washer/dryer hookups throughout.
Where is this apartment building located?
The property is located at 501 Plaza Drive Slaton, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 24‑unit apartment property comprising 12 single‑story duplex buildings; All units feature a two‑bedroom, one‑bathroom layout; Washer/dryer connections are included in every unit
