40-Unit Apartment
2902 Vicksburg Ave, Lubbock, TX 79410
For Sale
New
Contact for pricing
Floor plans include one-, two-, and three-bedroom options for residents.
Property SizeContact for details
Days on Market7
Property Features for 2902 Vicksburg Ave
General Information
Standard status
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Listing Agency:
Rowan Properties
Listed By:
Jaxton Hoelting · License TX 790742-SA
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 10 at 5:41AM
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 Rowan Properties
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Investment Insights
Based on property information with market context.
This 40-unit apartment property in Lubbock offers a mix of one-, two-, and three-bedroom floor plans. Current occupancy is 88%, and the property has produced a capitalization rate in the high 7% range based on actuals. Occupancy over the trailing twelve months has generally remained in the low-to-mid 80% range.
The property is in Lubbock’s Coronado area, with access to Texas Tech University, University Medical Center, major retail amenities, and the city’s primary employment corridors. Within a three-mile trade area are approximately 11,747 residents and 4,539 households.
The property is in Lubbock’s Coronado area, with access to Texas Tech University, University Medical Center, major retail amenities, and the city’s primary employment corridors. Within a three-mile trade area are approximately 11,747 residents and 4,539 households.
Key Highlights
- 40 apartment units with one-, two-, and three‑bedroom floor plans
- 88% current occupancy
- High‑7% capitalization rate on actuals
Property Analytics
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Lease Details
40
Residential units
88%
Occupancy
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
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Business Placement
Demographics for 79410, TX
8,615
Population
4,736
Households
1.8
Avg Household Size
29
Median Age
47%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
3,590
Density / Sq Mi
$48,350
Median Household Income
$29,637
Median Earnings
$1,315
Median Rent
$211,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Lubbock, TX
Properties on Market for Apartment buildings in Lubbock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Floor plans include one-, two-, and three-bedroom options for residents.
Where is this apartment building located?
The property is located at 2902 Vicksburg Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 40 apartment units with one-, two-, and three‑bedroom floor plans; 88% current occupancy; High‑7% capitalization rate on actuals
