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Eight-Unit Apartment Building
New
For Sale
$550,000

2123 15th Street, Lubbock, TX 79401

Commercial Sale, Lubbock, TX

Property Size7,768 SF
Lot Size0.15 Acres
Price / SF$70.80
Days on Market2

Property Features for 2123 15th Street

General Information

Property type Commercial Sale
Property subtype Other
Elementary school district Lubbock ISD
Middle school district Lubbock ISD
High school district Lubbock ISD
Subdivision 1
Standard status Active
APN R40279
Size 7,768 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Description Overton Blk 52 L 12
Tax Annual Amount 8114
Legal Description Overton Blk 52 L 12

Building Details

Year built 1950
Floors in Building 2
Listing Agency: Keller Williams Realty
Listed By: Gregory Brownd · License #0596497
Added: Aug 28 Last Checked: Aug 29 at 9:06PM
MLS# 202612043

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 Clark Apartments is a 7,768-square-foot, two-story apartment property completed in 1950. Its eight-unit configuration includes seven one-bedroom apartments and one four-bedroom unit. The larger residence is currently being used as an AirBnB or for student housing. A large shop occupies space on the first floor, adding a separate functional component to the building.

The property sits on a 0.15-acre lot at 2123 15th Street in Lubbock, Texas 79401. The building’s combination of smaller apartments, a larger four-bedroom unit, and first-floor shop space creates a varied multifamily layout within a single property.

Key Highlights

  • Eight‑unit apartment property with seven one‑bedroom units and one four‑bedroom unit
  • 7,768 square feet across a two‑story building
  • Large first‑floor shop included

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

1,164
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story multifamily property with varied unit layouts and a substantial first-floor shop.
Where is this apartment building located?
The property is located at 2123 15th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Eight‑unit apartment property with seven one‑bedroom units and one four‑bedroom unit; 7,768 square feet across a two‑story building; Large first‑floor shop included
More about this property
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