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31-Unit Multifamily Property
For Sale
$2,165,915

3011 E 3rd Street, Lubbock, TX 79403

Residential Income, Lubbock, TX

Property Size34,091 SF
Lot Size0.17 Acres
Price / SF$63.53
Days on Market89

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 17, Bedroom 48, Bedroom 1, Bedroom 8, Bedroom 7, Bedroom 55, Bedroom 85, Bathroom 29, Bedroom 9, Bedroom 47, Bathroom 34, Bedroom 37, Bathroom 15, Bedroom 81, Bedroom 14, Bathroom 13, Bathroom 7, Bedroom 38, Bedroom 52, Bathroom 33, Bathroom 4, Bedroom 86, Bedroom 33, Bathroom 23, Bathroom 17, Bedroom 59, Bedroom 12, Bedroom 19, Bathroom 19, Bathroom 37, Bedroom 3, Bedroom 5, Bedroom 20, Bedroom 31, Bathroom 24, Bathroom 22, Bathroom 40, Bedroom 28, Bedroom 56, Bedroom 66, Bedroom 67, Bathroom 9, Bathroom 8, Bathroom 20, Bedroom 34, Bathroom 32, Bedroom 49, Bathroom 30, Bedroom 69, Bedroom 39, Bedroom 10, Bedroom 62, Bathroom 18, Bedroom 26, Bathroom 10, Bedroom 77, Bathroom 38, Bedroom 44, Bedroom 43, Bedroom 11, Bathroom 3, Bedroom 30, Bedroom 35, Bathroom 1, Bedroom 50, Bathroom 2, Bedroom 45, Bedroom 71, Bedroom 40, Bathroom 25, Bedroom 18, Bedroom 61, Bathroom 11, Bedroom 87, Bedroom 75, Bathroom 12, Bedroom 73, Bedroom 23, Bathroom 16, Bedroom 13, Bedroom 84, Bedroom 83, Bedroom 70, Bathroom 27, Bedroom 72, Bathroom 39, Bathroom 28, Bedroom 46, Bedroom 79, Bedroom 57, Bathroom 31, Bedroom 51, Bedroom 80, Bedroom 36, Bedroom 58, Bedroom 15, Bedroom 63, Bedroom 78, Bathroom 36, Bedroom 60, Bedroom 74, Bedroom 88, Bedroom 21, Bedroom 24, Bedroom 42, Bedroom 65, Bedroom 2, Bedroom 29, Bedroom 25, Bathroom 26, Bathroom 14, Bedroom 64, Bedroom 4, Bathroom 5, Bedroom 76, Bedroom 6, Bedroom 53, Bedroom 27, Bathroom 21, Bedroom 16, Bedroom 32, Bathroom 6, Bathroom 35, Bedroom 22, Bedroom 41, Bedroom 54, Bedroom 82, Bedroom 68
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 Central Air, Varies by Unit, Ceiling Fan(s)
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: Oct 9 Last Checked: Oct 13 at 5:06PM
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 multifamily property in Lubbock contains 34,091 square feet, with 88 bedrooms and 40 bathrooms. Construction includes brick, stucco, and wood siding, and carport parking is provided. The property was built in 1952 and has public water and sewer service.

Located at 3011 E 3rd Street, the 0.17-acre property has varied heating and cooling by unit; cooling features include central air and ceiling fans. Most tenants have remained in place for several years under month-to-month leases. The units may also be offered in smaller packages.

Key Highlights

  • 31‑unit rental package with 88 bedrooms and 40 bathrooms
  • 34,091 square feet on 0.17 acres
  • Most tenants have occupied their units for years; leases are month to month

Property Analytics

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Current Use

Multifamily properties

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

138
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - The rental package includes established month-to-month tenancies and carport parking.
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 $2,165,915.
What are key features of this property?
This property features: 31‑unit rental package with 88 bedrooms and 40 bathrooms; 34,091 square feet on 0.17 acres; Most tenants have occupied their units for years; leases are month to month
More about this property
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