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Apartment Building with Short-Term Rental Units
New
For Sale
$610,000

2123 15th St, Lubbock, TX 79401

Apartment building with a mix of one-bedroom units and renovated furnished short-term rental units near Texas Tech.

Property Size15,536 SF
Price / SF$39.26
Days on Market3

Property Features for 2123 15th St

General Information

Standard status Active
Size 15,536 SF

Units

Unit Mix 6 x 1BR, 1 x 4BR/4BA, 1 x 2BR/2BA
Multifamily Units 8

Building Details

Year Built 1950
Listing Agency: eXp Realty LLC
Listed By: Benjamin Hargrove · License #0672833
Source: Raftercrossrealty
Added: Jul 29 Changed: Jul 31 Last Checked: Jul 31 at 9:16AM

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 eXp Realty LLC

Investment Insights

Based on property information with market context.

This apartment building features a distinctive unit mix designed for flexible living and short-term stays. The top floor has 6 one-bedroom units. The bottom floor includes 2 renovated units currently used as short-term rentals, and the bottom units will come furnished.

One of the furnished bottom units offers a large living area plus 4 separate bedrooms, with a full bathroom for each bedroom. The other furnished bottom unit is a 2-bedroom, 2-bath layout with a living area and kitchenette.

The property is located at 2123 15th St in Lubbock, TX, built in 1950, with a total property size of 15,536. It is described as being within walking distance to Texas Tech, as well as nearby restaurants and shopping.

Key Highlights

  • 6 one‑bedroom units on the top floor
  • 2 renovated furnished bottom units currently used as short‑term rentals
  • 4‑bedroom unit with full bathrooms for each bedroom

Property Analytics

Current Use

Clark Apartments Vacation Rental

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Cosmetic Store Pet Store

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,361
Businesses Nearby

Demographics for 79401, TX

8,775
Population
4,813
Households
1.8
Avg Household Size
26
Median Age
26%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
3,510
Density / Sq Mi
$27,255
Median Household Income
$20,570
Median Earnings
$1,048
Median Rent
$101,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Apartment building with a mix of one-bedroom units and renovated furnished short-term rental units near Texas Tech.
Where is this apartment building located?
The property is located at 2123 15th St Lubbock, TX.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 6 one‑bedroom units on the top floor; 2 renovated furnished bottom units currently used as short‑term rentals; 4‑bedroom unit with full bathrooms for each bedroom
More about this property
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