For sale

Price cut: $55K (2/2)

$512,000

Value Add Package 7 Properties, Lubbock, TX 79412

21beds

8,715sqft

Est.:

Package Property, Multi Family

Built in 1953

-- sqft lot

$-- Zestimate^®

$59/sqft

$-- HOA

What's special

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.

66 days

78

4

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 21
Bathrooms: 11
Full bathrooms: 11

Heating

Central, Other

Cooling

Ceiling Fan(s), Central Air, Multi Units

Interior area

Total structure area: 8,715
Total interior livable area: 8,715 sqft
Finished area above ground: 8,715

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Lot

Size: 1.2 Acres

Details

Parcel number: R132506

Construction

Type & style

Home type: MultiFamily
Property subtype: Package Property, Multi Family

Materials

Unknown
Roof: Composition

Condition

New construction: No
Year built: 1953

Community & HOA

Location

Region: Lubbock

Financial & listing details

Price per square foot: $59/sqft
Annual tax amount: $7,745
Date on market: 12/3/2025
Cumulative days on market: 116 days
Listing terms: 1031 Exchange,Cash,Conventional
Tenant pays: All Utilities
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
2/2/2026	Price change	$512,000-9.7%$59/sqft
Source: LBMLS #202563746 Report a problem
12/3/2025	Listed for sale	$567,000$65/sqft
Source: LBMLS #202563746 Report a problem