$67,000
PENDING $12K PRICE INCREASE

5315 Rd Lubbock, TX 79404

South East Lubbock Neighborhood

Estimated payment $414/month

Total Views 5,211
3 Beds
2 Baths
1,104 Sq Ft
$61 Price per Sq Ft

About This Home

Investor-friendly 8-property portfolio offering strong occupancy with significant rent-growth and cosmetic value-add potential. All homes are tenant-occupied with consistent rental history but would benefit from light updates to push rents to current market rates. Ideal for BRRRR investors or portfolio builders seeking stabilized cash flow with clear upside. Properties include a mix of 2-3 bedroom homes located in accessible rental areas. Opportunity to reposition these units with minor repairs, improved tenant placement, and rent optimization. Portfolio to be sold only as a group—no individual property sales. Current rents, pro-forma, and financials available upon request.

Listing Agent

Felicia Estrada

Keller Williams Realty License #0673783 Listed on: 10/18/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,833 Sq Ft Lot
  • Property fronts a freeway

Parking

  • Driveway

Home Design

  • 1,104 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Gross Income $10,200

Listing and Financial Details

  • Assessor Parcel Number R32649

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1954
  • Reso Property Sub Type: Package Property
  • Road Frontage Type: City Street, Freeway
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 1104.0
  • New Construction: No
  • Legal Description: LYNDALE ACRES BLK 5 L 50
  • Location Tax and Legal Parcel Number2: R32649
  • General Property Information Above Grade Finished Area: 1104.0
  • General Property Information Lot Size Acres: 0.1798
  • General Property Information Lot Size Square Feet2: 7833.0
  • Location Tax and Legal:Tax Annual Amount: 868.0
  • General Property Information Accessibility Features YN2: No
  • Cooling:Central Air: Yes
  • Roof:Composition: Yes
  • Road Frontage Type:Freeway: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roof: Composition
  • Acres: 0.18
  • Construction Type: Unknown
  • Construction Materials:Unknown: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway
  • Parking Features:Driveway: Yes

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes

Lot Info

  • Lot Size Sq Ft: 7833.0
  • ResoLotSizeUnits: Acres
  • Parcel #: R32649

Tax Info

  • Tax Annual Amount: 868.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2026 01/13/26 Pending -- -- --
12/03/2025 12/03/25 Price Changed $67,000 +20.7% $61 / Sq Ft
10/18/2025 10/18/25 For Sale $55,500 -- $50 / Sq Ft
Source: Lubbock Association of REALTORS®

Source: Lubbock Association of REALTORS®

MLS Number: 202561972

Lubbock Association of REALTORS®
Texas Lubbock County Lubbock 79404 South East Lubbock

5315 Rd, Lubbock, TX

Pending

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Lubbock Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
Felicia Estrada
Listing Agent
Felicia Estrada
Section Image
Keller Williams Realty
(806) 545-7906