$492,500

6 Properties Turn-Key Lubbock, TX 79403

Heart of Lubbock Neighborhood

Estimated payment $3,076/month

Total Views 349
17 Beds
7 Baths
6,255 Sq Ft
$79 Price per Sq Ft

Highlights

  • 0.95 Acre Lot
  • Central Heating and Cooling System
  • Ceiling Fan
  • 1 Fireplace

About This Home

Incredible opportunity to acquire a turn-key, remodeled 6-property rental portfolio offering immediate cash flow and minimal future CapEx. Five homes are fully remodeled and tenant-occupied with updated interiors, solid rental history, and proven performance. One property is recently remodeled and move-in ready for lease-up or owner use. Each home features updated flooring, modern kitchens and baths, fresh paint, and improved mechanicals. Perfect for out-of-state investors, 1031 exchange buyers, or anyone looking for stable, low-maintenance rentals from day one. Portfolio can be purchased only as a package—no individual sales. Financials, rent rolls, and additional details available upon request.

Listing Agent

Felicia Estrada

Keller Williams Realty License #0673783 Listed on: 12/03/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961 | Remodeled

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 6,255 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 7 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • 0.95 Acre Lot
  • Central Heating and Cooling System

Community Details

  • Gross Income $52,740
  • Net Operating Income $48,577

Listing and Financial Details

  • Assessor Parcel Number R126882

Property Details

Home Type

Multi-Family

Year Built

Built in 1961 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1961
  • Reso Property Sub Type: Package Property
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Above Grade Finished Sq Ft: 6255.0
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Legal Description: Cherry Point L 84
  • Location Tax and Legal Parcel Number2: R126882
  • General Property Information Above Grade Finished Area: 6255.0
  • General Property Information Lot Size Acres: 0.9488
  • General Property Information Lot Size Square Feet2: 41329.0
  • Location Tax and Legal:Tax Annual Amount: 4373.0
  • General Property Information Accessibility Features YN2: No
  • General Property Information Fireplace YN: Yes
  • General Property Information Fireplaces Total2: 1.0
  • Cooling:Central Air: Yes
  • Roof:Composition: Yes
  • Income And Expenses Cap Rate: 8.75
  • Gross Scheduled Income: 75600.0
  • Property Condition:UpdatedRemodeled: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Fireplace: Yes

Exterior Features

  • Roof: Composition
  • Acres: 0.95
  • Construction Type: Brick, Vinyl Siding
  • Construction Materials:Brick: Yes
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway
  • Total Parking Spaces: 2.0
  • Parking Features:Driveway: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes

Lot Info

  • Lot Size Sq Ft: 41329.0
  • ResoLotSizeUnits: Acres
  • Parcel #: R126882

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 4373.0

Map

Range of Values:

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Value Increase
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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
12/03/2025 12/03/25 For Sale $492,500 -- $79 / Sq Ft
Source: Lubbock Association of REALTORS®

Source: Lubbock Association of REALTORS®

MLS Number: 202563688

Lubbock Association of REALTORS®
Texas Lubbock County Lubbock 79403 Heart of Lubbock

6 Properties Turn-Key, Lubbock, TX

For Sale

MultiFamily

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Nearby Homes
Felicia Estrada
Listing Agent
Felicia Estrada
Section Image
Keller Williams Realty
(806) 581-1916