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    Lubbock, TX Residential Income Properties for Sale

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    5-Unit Apartment Building
    Updated: Aug 18
    5-Unit Apartment Building

    3404 25th Street, Lubbock, TX 79410

    $1,575,000
    11,170 sqft 0.37 AC lot
    Five fully leased apartment units, each with 4 bedrooms and 4.5 bathrooms
    11,170 square feet on 0.37 acres
    Built in 2018
    Balconies, washers/dryers, refrigerators, and open‑concept layouts in each unit
    Granite counters, walk‑in closets, storage, recessed lighting, and ceiling fans
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    5-Unit Apartment Building with Garages
    Updated: Jun 26
    5-Unit Apartment Building with Garages

    2610-2618 136th Street, Lubbock, TX 79423

    $875,000
    6,640 sqft 0.36 AC lot
    Five townhomes across the street from Lubbock Cooper East Elementary
    6,640 square feet on 0.36 acres
    Built in 2022 with brick construction and composition roofing
    Private yards, patios, and private entrances for the residences
    Rear‑entry garage parking, plus driveway, open, and on‑street parking
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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    2620-2628 136th Street, Lubbock, TX 79423

    $875,000
    6,688 sqft 0.37 AC lot

    Recently built townhome-style apartments with varied layouts, private yards, and rear-entry garages.

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    See what stands out in Lubbock County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    Nine-House Multifamily Property
    Nine-House Multifamily Property

    7603 Alcove Avenue # A-d, Lubbock, TX 79407

    $1,100,000
    9,752 sqft 4.00 AC lot

    Existing rental houses generate current income alongside plans for future property redevelopment.

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    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    2123 15th Street, Lubbock, TX 79401

    $550,000
    7,768 sqft 0.15 AC lot

    Two-story multifamily property with varied unit layouts and a substantial first-floor shop.

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    Five-Unit Multifamily Property
    Five-Unit Multifamily Property

    3508 E Colgate Street, Lubbock, TX 79403

    $435,000
    5,406 sqft 0.88 AC lot

    Professionally managed multifamily asset with all five units occupied.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Leased Duplex with Private Garages
    Leased Duplex with Private Garages

    3816 44th Street, Lubbock, TX 79413

    $235,000
    2,232 sqft 0.36 AC lot

    Two residences offer separate fenced yards, covered parking, and established tenant occupancy.

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    New Construction 4-Unit Townhome Building
    New Construction 4-Unit Townhome Building

    70307036 7030-7036 41st St, Lubbock, TX 79407

    $895,000
    5,974 sqft

    Under-construction four-unit townhome building with xeriscape yards and metal siding, adjacent to Canyon West shopping center.

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    Four-Unit Quadplex with Balconies
    Four-Unit Quadplex with Balconies

    5827 6th Street, Lubbock, TX 79416

    $490,000
    4,924 sqft 0.23 AC lot

    Brick quadplex with matching three-bedroom layouts, private balconies, and attached garage parking.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    1801 38th Street, Lubbock, TX 79412

    $435,000
    5,443 sqft 0.13 AC lot

    Five-unit rental property with carports, central climate control, and a mix of durable flooring and bedroom carpeting.

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    Townhome Community with Rear-Entry Garages
    Townhome Community with Rear-Entry Garages

    26202628 2620-2628 136th St, Lubbock, TX 79423

    $875,000
    6,688 sqft

    Five well-built townhomes include three 2BR/2BA and two 3BR/2BA end units, each with a rear-entry garage.

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    Four-Unit Brick Apartment Property
    Four-Unit Brick Apartment Property

    1345 65th Drive, Lubbock, TX 79412

    $259,000
    5,500 sqft 0.28 AC lot

    Four residences offer a mix of two- and three-bedroom layouts with off-street parking.

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    Vacant Quadplex With Courtyard
    Vacant Quadplex With Courtyard

    1316 65th Drive, Lubbock, TX 79412

    $199,000
    4,079 sqft 0.30 AC lot

    Brick veneer construction includes balconies, a courtyard, and driveway parking.

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    New 4-Unit Townhome Building
    New 4-Unit Townhome Building

    7029 40th St, Lubbock, TX 79407

    $796,000
    5,300 sqft

    Newly constructed Class A 4-unit townhome building with modern finishes, built for low-maintenance, long-term ownership.

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    Two-Unit Duplex with Garages
    Two-Unit Duplex with Garages

    9607 Avenue X, Lubbock, TX 79423

    $250,000
    2,178 sqft 0.23 AC lot

    Brick duplex with fenced private yards, functional layouts, and garage parking assigned to both residences.

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    Four-Unit Townhome Quadplex
    Four-Unit Townhome Quadplex

    7029 40th Street, Lubbock, TX 79407

    $796,000
    5,300 sqft 0.09 AC lot

    Brick construction pairs modern interiors with private yards and garage parking.

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    Apartment Building with Short-Term Rental Units
    Apartment Building with Short-Term Rental Units

    2123 15th St, Lubbock, TX 79401

    $610,000
    15,536 sqft

    Apartment building with a mix of one-bedroom units and renovated furnished short-term rental units near Texas Tech.

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    Brick Quadplex with Dedicated Parking
    Brick Quadplex with Dedicated Parking

    1609 44th Street, Lubbock, TX 79412

    $284,900
    3,315 sqft 0.22 AC lot

    Four residential units offer two-bedroom layouts, private laundry hookups, and shared outdoor space in Lubbock.

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    5-Unit Apartment Building with Carports
    5-Unit Apartment Building with Carports

    1801 38th St, Lubbock, TX 79412

    $435,000
    5,443 sqft

    Vinyl-sided apartment property with open-plan interiors, varied flooring, professional management, and four occupied units.

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    Tenant-Occupied Duplex with New Roof
    Tenant-Occupied Duplex with New Roof

    2008 54th Street, Lubbock, TX 79412

    $160,000
    2,262 sqft 0.20 AC lot

    Two residential units offer private yards, garages, fireplaces, and recent roof and sewer improvements.

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    Four-Unit Quadplex
    Four-Unit Quadplex

    5827 6th St, Lubbock, TX 79416

    $490,000
    4,924 sqft

    Identical layouts offer three-bedroom living, private balconies, and attached garage storage across the property.

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    Tenant-Occupied Duplex
    Tenant-Occupied Duplex

    2010 54th Street, Lubbock, TX 79412

    $160,000
    2,262 sqft 0.20 AC lot

    Brick duplex with private yards, garages, fireplaces, and separate two-bedroom layouts on each side.

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    Five-Unit Townhome Building
    Five-Unit Townhome Building

    2610-2618 136th St, Lubbock, TX 79423

    $875,000
    6,640 sqft

    Townhomes feature rear-entry garages, xeriscaped yards, and updated interior finishes across from an elementary school.

    View details
    Duplex with Occupied Units
    Duplex with Occupied Units

    2512 81st Street, Lubbock, TX 79423

    $299,000
    2,502 sqft 0.18 AC lot

    Both residences offer two-bedroom layouts with private outdoor space and dedicated laundry areas.

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    Lubbock, TX Residential Income Properties Market Trends and Statistics

    Explore 254 residential income properties for sale in Lubbock, TX, showcased through 254 active listings on our real estate platform. These investment opportunities span a total of 791,291 square feet of properties for sale, with an estimated market value of $89,314,828.

    Sale prices for residential income properties in Lubbock, TX start at $55,000, averaging $369,069, and reaching up to $7,225,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 259
    Duplexes 175
    Quadplexes 28
    Apartment buildings 23
    Triplexes 18

    Demographics Overview

    Population 286K
    Population Growth (5Y) +0.1%
    Median Household Income $66,110
    College Educated 24.2%

    High-Yield Neighborhoods for Investment

    Identify Lubbock submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    79404 $173.1K
    79415 $187.8K
    79411 $201.8K
    79412 $202.9K
    79413 $299.2K

    Taxes & Financing

    Tax Rate (average for all types) 1.81%
    Property Tax per SF $22.36 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lubbock County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lubbock County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Lubbock fall within the 100,000+ square foot range.

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    Popular Searches in Lubbock, TX

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    Most Searched ZIP Codes in Lubbock, TX

    • 79423
    • 79412
    • 79416
    • 79407
    • 79401
    • 79413
    • 79404
    • 79411
    • 79403
    • 79415
    • 79410
    • 79424

    Featured Lubbock Real Estate Agencies

    Realmo connects you with licensed Lubbock CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Coldwell Banker Trusted Advisors
    4924 S Loop 289 Lubbock, TX 79414
    Phone: 18067843222
    www.cblubbock.com
    LMAX LP
    4703 S. Loop 289 Lubbock, TX 79424
    Phone: 18067994200
    www.remaxlubbock.com

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