Two-Bedroom Duplex Apartment
501 Plaza Drive Slaton, TX 79364
For Sale
$1,200,000
COMMERCIAL - Slaton, TX
Property Size22,368 SF
Lot Size0.12 Acres
Price / SF$53.65
Days on Market40
Property Features for 501 Plaza Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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
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
Last Checked: Jul 25 at 4:06AM
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 community comprised of 12 one-story duplexes. Each unit is configured as 2 bedrooms and 1 bathroom, with washer/dryer connections available in every unit.
The property is located at 501 Plaza Drive in Slaton, Texas (79364), in Lubbock County. The current management notes strong current occupancy, and that rents have not been raised in the past five years. The submitted rent context indicates the rents are about $135 below comparable nearby 2-bedroom units within the area.
For a prospective owner or operator, the community offers a straightforward operating profile with an emphasis on value-add through rent adjustments. There is also an identified opportunity to reduce utility costs by starting to bill back water to residents, as the current water bill is described as about two times higher than area expense comps. For buyers focused on hands-on management, these operational considerations are central to the acquisition strategy.
The property is located at 501 Plaza Drive in Slaton, Texas (79364), in Lubbock County. The current management notes strong current occupancy, and that rents have not been raised in the past five years. The submitted rent context indicates the rents are about $135 below comparable nearby 2-bedroom units within the area.
For a prospective owner or operator, the community offers a straightforward operating profile with an emphasis on value-add through rent adjustments. There is also an identified opportunity to reduce utility costs by starting to bill back water to residents, as the current water bill is described as about two times higher than area expense comps. For buyers focused on hands-on management, these operational considerations are central to the acquisition strategy.
Key Highlights
- 24‑unit apartment community made up of 12 one‑story duplexes
- All units are 2 bed / 1 bath with washer/dryer connections in each unit
- Year built: 1966; roof type: composition
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 24-unit apartment community of 1-story duplexes with in-unit washer/dryer connections.
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 community made up of 12 one‑story duplexes; All units are 2 bed / 1 bath with washer/dryer connections in each unit; Year built: 1966; roof type: composition
