Stabilized
$2,165,915
31-Unit Multifamily in Lubbock, TX
TX · listed Jul 17, 2026 (103 days)
Price per unit compared
This property$70K
Within ~40 mi (14)$80K
Texas median (1,196)$92K
- $/unit
- $69,868
- ▼ 24% vs TX · 31st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 31
- 1952
Financials
- Asking price
- $2,165,915
- Price per unit
- $69,868
- Price per sq ft
- $64
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 31
- Unit mix
- 88 total bedrooms and 40 bathrooms
- Buildings
- Not stated
- Year built
- 1952
- Building size
- 34,091 sq ft
- Avg unit size
- 1,100 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 17, 2026
- Days on market
- 103 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1971
About this property
Package property of 31 units. 88 total bedrooms and 40 bathrooms. Total square footage of 34,091. Potential rent $23,650 and currently the rents are $22,050. Most of these tenants have been in place for years and are on a month to month lease. We can also split these up into smaller packages.
Multi-family
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Lubbock, TX | $1.4M | $58K$58K | — |
 Lubbock, TXValue-add | $2.6M | $87K$87K | 6.8% |
 Lubbock, TXValue-add | $2.39M | $217K$217K | 2.7% |
 Lubbock, TXValue-add | $425K | $53K$53K | — |
 Lubbock, TXHigh yieldStabilized | $949K | $73K$73K | 7.8% |
 Lubbock, TXValue-add | $550K | $69K$69K | 0% |