1 / 28-Unit Multifamily in Lubbock, TX
TX · listed Sep 3, 2026 (55 days)
- $/unit
- $68,750
- ▼ 25% vs TX · 30th pct
- Cap rate
- 0%
- ▼ 7.4 pts vs TX median
- Gross yield
- —
- Units
- 8
- 1 bldg · 1950
Financials
- Asking price
- $550,000
- Price per unit
- $68,750
- Price per sq ft
- $145
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 0%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- seven one bedroom units, and one very large 4 bedroom unit
- Buildings
- 1
- Year built
- 1950
- Building size
- 3,795 sq ft
- Avg unit size
- 474 sq ft
- Lot size
- 0.15 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 3, 2026
- Days on market
- 55 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1706
About this property
The Clark Apartments is an eight unit, two story property in a fantastic location. The unit mix is seven one bedroom units, and one very large 4 bedroom unit that's being used as an AirBnB or student housing. There is also a large shop on the 1st floor.
The apartments are located in Lubbock, TX - only 3 blocks from Texas Tech University! Lubbock's population is close to 280,000 and Texas Tech's enrollment is close to 41,000 students. Several of the tenants either walk or bike to class. There are multiple places for eating and entertainment in the area.
For the financials please follow this link: Clark Apartments Financials
Walking distance from Texas Tech University
Highlights
- Walking distance from Texas Tech - only 3 blocks away
- Current owner has renovated some interiors
- Large space on 1st floor that could be rec room or common area
- Large unit set up for students or AirBnB
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
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