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2815 43rd Street

Lubbock, TX 79413
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Just listedJust listed
14 Bedroom(s)
7 Full Bath(s)
7,654 Sqft
0.53 Lot Acres
Multi-Family

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Description

Investment opportunity in an established Lubbock neighborhood: two rental buildings totaling 7,654 SF with seven identical two-bedroom, one-bath units. Six units are occupied and the seventh is move-in ready with an approved applicant set for a November 13 move-in. Current collections of $4,855 per month ($58,260 per year), with pro-forma collections of $5,655 per month ($67,860 per year) at full occupancy. Tenants pay electricity and gas directly. Water is on shared meters per building, owner-paid, with partial recovery through $50 monthly water charges on the newer leases. Professionally managed by Location Rentals, with stable tenancies including one household in place since 2019. Gross rent multiplier of 8.5 on current collections (7.3 pro-forma). A straightforward cash-flow and value-add play close to Texas Tech and major employers.

MLS#
LAORTX-202615203
List Price
$495,000 ($65/Sqft.)
Listing Status
For Sale
Address
2815 43rd Street
City
Lubbock
State
TX
Zip Code
79413
County
Lubbock County
Legal Description
Dean L 11 & W25'of 12
Property Type
Multi-Family
Bedroom
14 Bedroom(s)
Bath
7 Full Bath(s)
Stories
1
Building Size
7,654 Sqft/Appraisal District
Architecture Style
Ranch
Year Built
1958 /Appraisal District
Lot Size
0.53 Lot Acres/Appraisal District

Exterior

Roof
Composition
Exterior Type
Board & Batten Siding, Brick Veneer
Parking
On Street, Off Street
Porch
Yes
Dock
Yes

Interior

Floors
Vinyl
Cooling
Electric, Central Air
Heating
Central, Natural Gas
Appliances
Electric Cooktop, Electric Oven, Microwave, Refrigerator

Rooms

Rooms
Bathroom 6, Bedroom 6, Bedroom 12, Bedroom 10, Bedroom 11, Bedroom 1, Bathroom 7, Bathroom 4, Bedroom 2, Bedroom 13, Bathroom 5, Bedroom 8, Bedroom 9, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 7, Bedroom 3, Bathroom 2, Bedroom 14, Bathroom 3

Lot Information

Lot Size
0.53 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Information source

Lubbock Association of Realtors®
Source last updated Nov 12, 2026 at 03:17 PM
Listing last updated Nov 11, 2026 at 03:00 AM
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Estimated Monthly Payments

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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

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