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13-Unit Courtyard Apartment Community

1610 45th Street, Lubbock, TX 79412

For Sale
Contact for pricing

Updated one-bedroom homes feature ductless mini-split A/C and newer appliances.

Property SizeContact for details
Days on Market41

Property Features for 1610 45th Street

General Information

Standard status Active
Property subtype Multifamily
Net Operating Income $73,787

Units

Unit Mix 13 x 1BR/1BA
Multifamily Units 13

Additional Details

Gross Income $111,900
Tenant in Place Yes

Amenities

courtyard

Building Details

Stories 1
Construction brick
Listing Agency: Reside Real Estate Co.
Listed By: Casey Klingensmith · License TX #0633729
Source: Crexi
Added: Oct 1 Changed: Nov 9 Last Checked: Nov 10 at 5:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reside Real Estate Co.

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Investment Insights

Based on property information with market context.

Shade Tree Apartments comprises 13 one-bedroom, one-bath units in single-story brick buildings arranged around a courtyard. Updates completed over the last four years include windows, ductless mini-split A/C, appliances, interior paint and low-flow plumbing fixtures.

The property is located at 1610 45th Street in Lubbock, Texas. Eleven apartments are occupied, with two currently vacant.

Key Highlights

  • 13 apartments, each with one bedroom and one bathroom
  • Single‑story brick buildings arranged around a courtyard
  • 11 of 13 units occupied; 2 units vacant

Property Analytics

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Open Analytics

Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

687
Businesses Nearby

Demographics for 79412, TX

14,834
Population
6,480
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
4,636
Density / Sq Mi
$47,306
Median Household Income
$29,233
Median Earnings
$964
Median Rent
$117,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Lubbock, TX

$94.64 Jul
$87.08 Aug
$93.05 Sep
$94.18 Oct

Properties on Market for Apartment buildings in Lubbock

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Updated one-bedroom homes feature ductless mini-split A/C and newer appliances.
Where is this apartment building located?
The property is located at 1610 45th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 13 apartments, each with one bedroom and one bathroom; Single‑story brick buildings arranged around a courtyard; 11 of 13 units occupied; 2 units vacant
(940) 328-3123 · Office Call to check price and availability
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