312 E 34th St Lubbock, TX 79404
South East Lubbock NeighborhoodEstimated payment $1,790/month
Highlights
- 0.97 Acre Lot
- Cooling Available
- Heating Available
- No HOA
- Tile Flooring
About This Home
Investment Opportunity: Multi-Family Value-Add Portfolio Unlock the Potential of this Diamond in the Rough For the visionary investor, this multi-family package offers the rare chance to revitalize a unique property and create something truly impactful. Located at 312 E 34th, this assembly of homes is the definition of a "value-add" investment, offering immediate rental potential alongside significant long-term upside. Property Highlights: Five Individual 1-Bedroom Houses: These standalone units are nearly rent-ready. With minor finishing touches, they are projected to command between $600-$700 per month each, providing an immediate and steady starting cash flow. One Duplex: A versatile structure currently requiring rehab. Once restored, this duplex will significantly increase the door count and monthly yield of the portfolio. Large Sierra Trails Apartment Building: The centerpiece of the investment, this substantial building spans over 7,600 sq. ft. While it requires a more comprehensive renovation, its scale offers the greatest opportunity for equity growth and high-density rental income. The Opportunity: Offered at $250,000, this Sierra trails portfolio is perfect for an investor looking to build a "buy-and-hold" empire or a developer ready to execute a high-margin "BRRRR" strategy. Don't miss the chance to transform this unique collection of properties into a cornerstone of your portfolio. The footprint is established, the square footage is there, and the upside is waiting for the right buyer. Price: $285,000 Location: 312 E 34th Total Units: 5 Houses + 1 Duplex + 1 Large Apartment Building (18 doors)
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 42,120 Sq Ft Lot
- Chain Link Fence
Home Design
- Fixer Upper
Interior Spaces
- 10,568 Sq Ft Home
- Tile Flooring
Bedrooms and Bathrooms
- 23 Bedrooms
- 10 Full Bathrooms
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number R70294
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,342 | $184,626 | $25,272 | $159,354 |
| 2024 | $33 | $184,045 | $25,272 | $158,773 |
| 2023 | $3,020 | $162,480 | $25,272 | $137,208 |
| 2022 | $3,346 | $165,291 | $25,272 | $140,019 |
| 2021 | $8,468 | $395,404 | $25,272 | $370,132 |
| 2020 | $8,511 | $391,416 | $25,272 | $366,144 |
| 2019 | $8,151 | $363,060 | $25,272 | $337,788 |
| 2018 | $8,161 | $363,060 | $25,272 | $337,788 |
| 2017 | $8,083 | $359,147 | $25,272 | $333,875 |
| 2016 | $7,555 | $335,669 | $25,272 | $310,397 |
| 2015 | $7,290 | $327,843 | $25,272 | $302,571 |
| 2014 | $7,290 | $327,843 | $25,272 | $302,571 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/28/2026 03/28/26 | Price Changed | $285,000 | +14.0% | $27 / Sq Ft |
| 03/09/2026 03/09/26 | For Sale | $250,000 | -- | $24 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Hub City Title | |
| Warranty Deed | -- | Stc | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Lubbock Association of REALTORS®
MLS Number: 202603089
APN: R70294
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