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Parkway-Cherry Point Multifamily Homes & Duplexes for Sale

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  • /19

    $115,000

    • 3 Beds
    • 2 Baths
    • 1,152 Sq Ft

    3421 E Bates St, Lubbock, TX 79403

    This 3-bedroom, 2-bath home with a 1-car garage is a prime opportunity for investors looking for immediate cash flow and long-term value. The property features renter-friendly finishes designed for durability and easy maintenance—ideal for minimizing turnover costs. Located in a high-demand rental area, this home is a low-hassle addition to any portfolio. Don't forget the potential tax benefits

    Nicole Turnbow Modern Day Living RE LLC

    3421 E Bates St, Lubbock, TX 79403
  • /19

    $115,000

    • 3 Beds
    • 2 Baths
    • 1,156 Sq Ft

    214 Guava Ave, Lubbock, TX 79403

    This 3-bedroom, 2-bath home with a 1-car garage is a prime opportunity for investors looking for immediate cash flow and long-term value. The property features renter-friendly finishes designed for durability and easy maintenance—ideal for minimizing turnover costs. Located in a high-demand rental area, this home is a low-hassle addition to any portfolio. Don't forget the potential tax benefits

    Nicole Turnbow Modern Day Living RE LLC

    214 Guava Ave, Lubbock, TX 79403
  • /11

    $105,000

    • 4 Beds
    • 2 Baths
    • 2,263 Sq Ft

    1724 E Dartmouth St, Lubbock, TX 79403

    Value-add opportunity with solid potential! This 4-bedroom, 2-bathroom duplex is perfect for investors or savvy buyers looking to house hack. Each unit offers 2 bedrooms and 1 bathroom — ideal for rental income or multi-generational living. Plus, there's a versatile bonus room that can easily be converted into a third bedroom, home office, or extra living space to maximize rent potential. Whether

    KiAndrei White Reside Real Estate Co.

    1724 E Dartmouth St, Lubbock, TX 79403
  • /38

    $465,000

    • 15 Beds
    • 10 Baths
    • 5,406 Sq Ft

    3508 E Colgate St, Lubbock, TX 79403

    5 out of 5 of the units are occupied cap rate is 7.62%

    Collen Melton Brick & Loft Realty

    3508 E Colgate St, Lubbock, TX 79403
  • /23

    $130,000

    • 6 Beds
    • 2 Baths
    • 2,263 Sq Ft

    1726 E Dartmouth St, Lubbock, TX 79403

    Investment opportunity at 1726 E Dartmouth St, Lubbock, TX! This multi-family property features two units, each with 3 bedrooms and 1 bathroom, totaling 2,263 sq. ft. Currently tenant-occupied, it generates steady rental income with monthly cash flow of $1470. Conveniently located in the Mackenzie Terrace subdivision, it offers proximity to schools and local amenities. This property is ideal for

    Aaron Jistel ListingSpark

    1726 E Dartmouth St, Lubbock, TX 79403
  • /2

    $100,000

    • 4 Beds
    • 2 Baths
    • 1,660 Sq Ft

    2723 E 2nd St, Lubbock, TX 79403

    Investor-ready duplex in a high-demand rental corridor! This traditional-style, 1,660 sq ft duplex features two mirror-image 2-bedroom, 1-bathroom units with a shared garage between. Situated on a spacious 7,950 sq ft lot, each side offers a functional layout, tile flooring throughout, and ample natural light. Both units include eat-in kitchens with updated white cabinetry. While the property has

    Jacob Goodner West Sage, REALTORS

    2723 E 2nd St, Lubbock, TX 79403
  • /2

    $100,000

    • 4 Beds
    • 2 Baths
    • 1,660 Sq Ft

    2721 E 2nd St, Lubbock, TX 79403

    Investor-ready duplex in a high-demand rental corridor! This traditional-style, 1,660 sq ft duplex features two mirror-image 2-bedroom, 1-bathroom units with a shared garage between. Situated on a spacious 7,950 sq ft lot, each side offers a functional layout, tile flooring throughout, and ample natural light. Both units include eat-in kitchens with updated white cabinetry. While the property has

    Jacob Goodner West Sage, REALTORS

    2721 E 2nd St, Lubbock, TX 79403
  • /2

    $100,000

    • 4 Beds
    • 2 Baths
    • 1,660 Sq Ft

    2719 E 2nd St, Lubbock, TX 79403

    Investor-ready duplex in a high-demand rental corridor! This traditional-style, 1,660 sq ft duplex features two mirror-image 2-bedroom, 1-bathroom units with a shared garage between. Situated on a spacious 7,950 sq ft lot, each side offers a functional layout, tile flooring throughout, and ample natural light. Both units include eat-in kitchens with updated white cabinetry. While the property has

    Jacob Goodner West Sage, REALTORS

    2719 E 2nd St, Lubbock, TX 79403
  • /2

    $100,000

    • 4 Beds
    • 2 Baths
    • 1,660 Sq Ft

    2717 E 2nd St, Lubbock, TX 79403

    Investor-ready duplex in a high-demand rental corridor! This traditional-style, 1,660 sq ft duplex features two mirror-image 2-bedroom, 1-bathroom units with a shared garage between. Situated on a spacious 7,950 sq ft lot, each side offers a functional layout, tile flooring throughout, and ample natural light. Both units include eat-in kitchens with updated white cabinetry. While the property has

    Jacob Goodner West Sage, REALTORS

    2717 E 2nd St, Lubbock, TX 79403

Why Live in Parkway-Cherry Point

Parkway-Cherry Point in northeast Lubbock is a growing neighborhood with a mix of modest, affordable homes, many built in the last decade. The area is attracting developers due to its open land and opportunities. Homes are primarily single-story bungalows, with some available through affordable housing programs. The neighborhood is bordered by two major thoroughfares and Mackenzie Park, a 200-acre space featuring equestrian trails, a disc golf course, a dog park, and the Meadowbrook Canyon Creek Golf Club, which is set for a revamp. Prairie Dog Town, located within the park, offers a unique attraction with its sanctuary for black-tailed prairie dogs. The FiberMax Center for Discovery museum highlights Lubbock's agricultural heritage with interactive exhibits. While shopping options within the neighborhood are limited to a United Supermarkets and a few smaller plazas, residents can find more dining and shopping options nearby. Polibertos Taco Shop is a local favorite for Mexican cuisine. The TJ Patterson Branch Library serves the community, named after Lubbock's first black city council member. Students attend schools in the Lubbock Independent School District, with the highly rated Talkington School for Young Women Leaders located in the neighborhood. Parkway-Cherry Point is 3 miles east of downtown Lubbock, with convenient access to the Marsha Sharpe Freeway and Martin Luther King Jr. Drive. The University Medical Center is 6 miles away, Texas Tech University is 5 miles, and Lubbock Preston Smith International Airport is 4 miles north. The neighborhood has a low crime risk compared to the national average, making it a practical choice for families and first-time homebuyers.

Home Trends in Parkway-Cherry Point, TX

Housing Trends

Median Sale Price
$110,000
Median Single Family Sale Price
$114,500
Average Price Per Sq Ft
$97
Number of Homes for Sale
29
Last 12 months Home Sales
28
Months of Supply
12.40
Median List Price
$115,999
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
1%
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