Value-Add Lubbock, TX 79412
South Lubbock NeighborhoodEstimated payment $3,173/month
Highlights
- 1.2 Acre Lot
- Central Heating and Cooling System
- Ceiling Fan
- Roy W. Roberts Elementary School Rated A-
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Parking
- Driveway
Home Design
- Composition Roof
Interior Spaces
- 8,715 Sq Ft Home
- Ceiling Fan
Bedrooms and Bathrooms
- 21 Bedrooms
- 11 Full Bathrooms
Additional Features
- 1.2 Acre Lot
- Central Heating and Cooling System
Community Details
- Gross Income $65,040
Listing and Financial Details
- Assessor Parcel Number R132506
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2026 02/02/26 | Price Changed | $512,000 | -9.7% | $59 / Sq Ft |
| 12/03/2025 12/03/25 | For Sale | $567,000 | -- | $65 / Sq Ft |
Source: Lubbock Association of REALTORS®
MLS Number: 202563746
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.
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.
- 2344 78th St
- 2303 76th St Unit D
- 7405 Avenue X Unit 102
- 7405 Waco Ave Unit D
- 7402 Waco Ave Unit B
- 7404 Avenue W Unit B
- 2401 73rd St Unit 6
- 7825 Vernon Ave
- 2112 78th St
- 2108 76th St
- 8208 Vernon Ave Unit B
- 2310 70th St
- 8210 Vernon Ave Unit A
- 2115 S Loop 289
- 2551 S Loop 289
- 2113 S Loop 289 Unit B
- 2113 S Loop 289 Unit A
- 8217 Avenue U
- 1918 75th St
- 2417 87th St Unit B