31-Unit Multifamily
3011 E 3rd Street, Lubbock, TX 79403
For Sale
$1,990,000
Residential Income, Lubbock, TX
Property Size34,091 SF
Lot Size0.17 Acres
Price / SF$58.37
Days on Market117
Property Features for 3011 E 3rd Street
General Information
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Full bathrooms
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Elementary school district
Middle school district
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Additional Details
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Taxes and HOA fees
Tax Description
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Building Details
Year built
Building materials
Roof type
Listing Agency:
Realty Refined · RE/MAX International
(806) 799-4200
Listed By:
Scott Toman · License TX #0468252
(806) 787-6571
Added: Jul 17
Changed: Nov 4
Last Checked: Nov 10 at 10:06PM
MLS# 202609918
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
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The multifamily property comprises 31 units with a combined 34,091 square feet, 88 bedrooms and 40 bathrooms. Built in 1952, the buildings feature brick, stucco and wood siding, with carport parking. Heating and cooling configurations vary by unit; some units have central air and ceiling fans.
Public water and sewer serve the property. The units are occupied by tenants, many of whom have remained for years, with month-to-month leases. The properties may also be offered in smaller packages.
Public water and sewer serve the property. The units are occupied by tenants, many of whom have remained for years, with month-to-month leases. The properties may also be offered in smaller packages.
Key Highlights
- 31 units with 88 bedrooms and 40 bathrooms
- 34,091 square feet of building area on 0.17 acres
- Many tenants have been in place for years; leases are month to month
Property Analytics
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Lease Details
31
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
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Business Placement
Demographics for 79403, TX
15,604
Population
6,530
Households
2.4
Avg Household Size
38
Median Age
11%
College-Educated
76%
High-School Grad
131.3 sq mi
ZIP Area
119
Density / Sq Mi
$45,343
Median Household Income
$27,431
Median Earnings
$946
Median Rent
$83,100
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Lubbock, TX
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Longstanding tenants occupy the units under month-to-month lease agreements.
Where is this multifamily property located?
The property is located at 3011 E 3rd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 31 units with 88 bedrooms and 40 bathrooms; 34,091 square feet of building area on 0.17 acres; Many tenants have been in place for years; leases are month to month
