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    Lamb County, TX Multifamily Properties for Sale

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    Mixed-Use Property With Rental Units
    Updated: May 6
    Mixed-Use Property With Rental Units

    400 Phelps Avenue, Littlefield, TX 79339

    $229,000
    1,375 sqft 0.07 AC lot
    1,375‑square‑foot front commercial building
    Two residential rental units at the rear
    Both residential units currently occupied by long‑term tenants
    0.07‑acre corner lot
    Located along a main thoroughfare
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    Littlefield Multifamily Investment Opportunity
    Updated: May 5
    Littlefield Multifamily Investment Opportunity

    1100 S Wicker Avenue, Littlefield, TX 79339

    $2,400,000
    Value‑add multifamily investment opportunity.
    High current occupancy rate of approximately 93%.
    Trailing NOI of approximately $238,940 on $340,126 total income, supporting a 9.96% cap rate.
    Opportunity to increase NOI through strategic rent adjustments to market averages.
    Strong collections and consistent income performance.
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    Mixed-Use Corner Property
    Mixed-Use Corner Property

    400 Phelps Avenue, Littlefield, TX 79339

    $239,000
    1,375 sqft

    Front commercial building with two occupied residential rental units at the rear on a high-visibility corner lot.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Value-Add Apartment Community
    Value-Add Apartment Community

    1100 S Wicker Avenue, Littlefield, TX 79339

    Contact for pricing
    35,866 sqft

    Apartment community with 45 units and roughly 93% occupancy, offering room to increase NOI through rent adjustments.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Lamb County, TX, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    One Acre Lot in Anton
    One Acre Lot in Anton

    6861 N Bulldog, Anton, TX 79313

    $34,995
    1.00 AC lot

    One acre lot in Anton, Texas, near Lubbock.

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    Spacious Lots Near Airport I-27
    Spacious Lots Near Airport I-27

    305 E Quinn Street, Lubbock, TX 79403

    $53,000
    0.71 AC lot

    Two lots near airport and I-27, mobile homes allowed.

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    Vacant Corner Lot in Ralls
    Vacant Corner Lot in Ralls

    1305 Avenue P, Ralls, TX 79357

    Contact for pricing
    0.32 AC lot

    Corner lot suitable for building a home or placing a home.

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    Residential Land in Seminole, TX
    Residential Land in Seminole, TX

    800 NW 2nd St, Seminole, TX 79360

    $75,000
    0.26 AC lot

    Two lots with mobile home utilities in Seminole, Texas.

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    Lamb County, TX Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Lamb County, TX, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 38,616 square feet of properties for sale, with an estimated market value of $2,868,000.

    Sale prices for multifamily properties in Lamb County, TX start at $229,000, averaging $956,000, and reaching up to $2,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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