Seven-Unit Apartment
2815 43rd Street, Lubbock, TX 79413
For Sale
New
$495,000
Residential Income, Lubbock, TX
Property Size7,654 SF
Lot Size0.53 Acres
Price / SF$64.67
Days on Market3
Property Features for 2815 43rd Street
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Listing Agency:
Real Broker, LLC
(806) 577-5595
Listed By:
Matt Moreland · License TX #0699529
(469) 744-3610
Added: Nov 11
Last Checked: Nov 13 at 3:06AM
MLS# 202615203
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.
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Investment Insights
Based on property information with market context.
The 7,654-square-foot apartment property comprises two buildings on 0.53 acres, with seven identical two-bedroom, one-bath units. Built in 1958, the buildings have central heating and cooling. Six apartments are occupied, and the property is professionally managed by Location Rentals. One household has remained in place since 2019.
Tenants pay their own electricity and natural gas. Water is separately metered by building and paid by the owner, with partial recovery through monthly charges on newer leases. The stated gross rent multiplier is 8.5 based on current collections and 7.3 on a pro forma basis. The property is in Lubbock, near Texas Tech and major employers.
Tenants pay their own electricity and natural gas. Water is separately metered by building and paid by the owner, with partial recovery through monthly charges on newer leases. The stated gross rent multiplier is 8.5 based on current collections and 7.3 on a pro forma basis. The property is in Lubbock, near Texas Tech and major employers.
Key Highlights
- Seven two‑bedroom, one‑bath units across two buildings
- 7,654 square feet on 0.53 acres
- Six of seven units occupied
Property Analytics
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
714
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Business Placement
Demographics for 79413, TX
20,962
Population
9,590
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
4,460
Density / Sq Mi
$67,062
Median Household Income
$38,004
Median Earnings
$1,325
Median Rent
$195,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Apartment building - Two rental buildings contain seven matching two-bedroom units, six of which are occupied.
Where is this apartment building located?
The property is located at 2815 43rd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Seven two‑bedroom, one‑bath units across two buildings; 7,654 square feet on 0.53 acres; Six of seven units occupied
