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Lubbock Multifamily Investment Opportunity

Package Property 3 Lubbock, TX 79415

Package Property 3, Lubbock, TX, 79415
$446,000
For Sale
$446,000

MULTI_FAMILY - Other - Lubbock, TX

Property Size5,443 SF
Lot Size0.82 Acres
Price / SF$81.94
Days on Market508

Property Features for Package Property 3

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
15
Bathrooms
8
Rooms
Bedroom 7, Bedroom 3, Bedroom 1, Bedroom 12, Bedroom 5, Bathroom 2, Bedroom 8, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 13, Bedroom 10, Bedroom 11, Bathroom 7, Bathroom 10, Bedroom 6, Bathroom 6, Bathroom 5, Bedroom 14, Bedroom 4, Bathroom 8, Bathroom 9, Bedroom 9, Bathroom 1, Bedroom 15
Parking
2
Parking features
Carport
Standard status
Active
APN
R77785, R29059, R89652, R31717, R38567
Size
5,443 SF
Lot size
0.82 Acres

Taxes and HOA fees

Tax Description
MADDOX BLK 4 L 19 & 20 WOOD E M BLK 1 L 12 SCALES BLK 1A W45'OF L 4 & E10'OF 5 ELLISTON C D BLK 1 L 13 NELSON HTS BLK 5
Tax Annual Amount
7087

Utilities

Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)

Building Details

Year built
2012
Building materials
Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency Brick & Loft Realty
9607 Milwaukee Ave, Lubbock, TX
Listed by Collen Melton · License #0774198
Added: Feb 24, 2025 Checked: Jul 17 at 3:06 pm
MLS# 202550908 Listing URL

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 multifamily property in Lubbock, Texas, encompasses a total area of 5443 square feet and is situated on a 0.82-acre lot. Currently, 3 out of 5 units are rented. The pro-forma cap rate is based on 100% occupancy.

Key Highlights

  • 3 of 5 units are currently rented
  • Pro‑forma cap rate is based on 100% occupancy
  • 2012 construction with composition roof and vinyl siding

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

FAQs

What type of property is this?
Apartment building - Multifamily property in Lubbock, TX with rental income potential.
Where is this apartment building located?
The property is located at Package Property 3 Lubbock, TX.
What is the asking price?
The asking price for this property is $446,000.
What are key features of this property?
This property features: 3 of 5 units are currently rented; Pro‑forma cap rate is based on 100% occupancy; 2012 construction with composition roof and vinyl siding
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More about this property
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