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31-Unit Apartment Building
For Sale
$2,215,915

3011 E 3rd Street, Lubbock, TX 79403

MULTI_FAMILY - Lubbock, TX

Property Size34,091 SF
Lot Size0.17 Acres
Price / SF$65
Days on Market24

Property Features for 3011 E 3rd Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 88
Bathrooms 40
Full bathrooms 40
Rooms Bedroom 20, Bedroom 56, Bedroom 25, Bathroom 24, Bedroom 81, Bedroom 82, Bedroom 2, Bedroom 8, Bedroom 4, Bedroom 35, Bedroom 71, Bathroom 38, Bedroom 64, Bedroom 14, Bathroom 34, Bathroom 14, Bathroom 29, Bedroom 75, Bedroom 74, Bathroom 40, Bathroom 39, Bathroom 23, Bedroom 70, Bedroom 57, Bedroom 37, Bedroom 31, Bedroom 41, Bedroom 53, Bedroom 6, Bathroom 4, Bathroom 8, Bedroom 22, Bedroom 33, Bedroom 68, Bathroom 3, Bedroom 45, Bedroom 12, Bedroom 11, Bedroom 32, Bedroom 18, Bedroom 50, Bedroom 72, Bathroom 33, Bedroom 46, Bathroom 6, Bedroom 36, Bedroom 88, Bedroom 58, Bathroom 21, Bedroom 66, Bathroom 9, Bedroom 40, Bedroom 69, Bathroom 19, Bedroom 85, Bathroom 12, Bedroom 13, Bedroom 83, Bathroom 18, Bedroom 47, Bedroom 77, Bedroom 86, Bedroom 42, Bedroom 19, Bedroom 21, Bedroom 60, Bathroom 30, Bathroom 7, Bedroom 9, Bedroom 79, Bedroom 16, Bedroom 61, Bedroom 49, Bathroom 17, Bathroom 5, Bedroom 30, Bedroom 28, Bedroom 44, Bedroom 1, Bathroom 2, Bedroom 7, Bedroom 73, Bedroom 51, Bedroom 48, Bedroom 38, Bedroom 43, Bedroom 27, Bedroom 55, Bathroom 37, Bathroom 10, Bedroom 10, Bedroom 5, Bedroom 54, Bedroom 15, Bathroom 25, Bathroom 11, Bedroom 65, Bedroom 84, Bathroom 16, Bedroom 17, Bathroom 28, Bedroom 23, Bathroom 35, Bedroom 52, Bathroom 32, Bathroom 27, Bedroom 24, Bedroom 34, Bedroom 29, Bathroom 36, Bedroom 67, Bedroom 26, Bedroom 3, Bathroom 15, Bathroom 31, Bathroom 20, Bedroom 78, Bedroom 39, Bedroom 59, Bedroom 87, Bathroom 26, Bathroom 22, Bathroom 13, Bathroom 1, Bedroom 63, Bedroom 80, Bedroom 76, Bedroom 62
Parking features Carport
Elementary school district Lubbock ISD
Middle school district Lubbock ISD
High school district Lubbock ISD
Subdivision 1
Standard status Active
APN R112391
Size 34,091 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description Bozeman Hts Blk 10 E27.5'L 15& W27.5'Of 16
Tax Annual Amount 1417
Legal Description Bozeman Hts Blk 10 E27.5'L 15& W27.5'Of 16

Utilities

Sewer type Public Sewer
Heating system Varies by Unit (Heating)
Cooling system Ceiling Fan(s), Varies by Unit, Central Air
Water source Public

Building Details

Year built 1952
Building materials Brick, Stucco, Wood Siding
Roof type Composition
Listing Agency: Realty Refined · RE/MAX International
Listed By: Scott Toman · License #0468252
Added: Jul 17 Changed: Aug 2 Last Checked: Aug 9 at 7:06PM
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.

Investment Insights

Based on property information with market context.

This 31-unit apartment building offers a total of 34,091 square feet with 88 bedrooms and 40 bathrooms. The property includes heating that varies by unit and cooling with ceiling fans, varying by unit, and central air. Parking is provided via carports, and the roof is composition. Construction is brick, stucco, and wood siding, with the building completed in 1952.

Tenancy appears established: most tenants have been in place for years and are on month-to-month leases. The property includes public water and public sewer services.

For operators and investors seeking a multi-unit residential income package, the unit mix and month-to-month leasing structure may support flexible management, while the building’s brick and stucco construction and long operating history can appeal to buyers looking for a stabilized multifamily asset.

Key Highlights

  • 31 units totaling 34,091 SF
  • 88 bedrooms and 40 bathrooms
  • Most tenants have been in place for years and are on month‑to‑month leases

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Building Supply Parking Lot & Garage HVAC Service Bakery

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

31
Residential units

Location Intelligence

Trade Area within ½ mile

202
Businesses Nearby

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

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 - 31-unit apartment building with 88 bedrooms, 40 bathrooms, and public water and sewer services.
Where is this apartment building located?
The property is located at 3011 E 3rd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $2,215,915.
What are key features of this property?
This property features: 31 units totaling 34,091 SF; 88 bedrooms and 40 bathrooms; Most tenants have been in place for years and are on month‑to‑month leases
More about this property
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