18 Property Portfolio, Lubbock, TX 79415

Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
18 Property Portfolio,Lubbock, TX 79415
$1,200,000
  • 48 Beds
  • 22 Baths
  • 19,211 sq. ft.
  • Multi-family
  • Active
Listed by:felicia estrada
Office:keller williams realty
MLS#:202562059
Source:TX_LAR

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$62.46

About this home

This Lubbock 18-Home SFR Portfolio blends in-place cash flow with clear value-add upside across well-located single-family rentals. Many homes perform at or above the 1% rule, with several units benefiting from state-funded, guaranteed rents. Priced between ~74-83% of market value, the portfolio features broad recent improvements—new roofs (2021-2023), electrical overhauls, plumbing/drain replacements, mini-split installs, and targeted cosmetic updates—reducing near-term capital needs. With under-market rents on select addresses and dependable tenancy across the board, investors can capture solid returns today and unlock additional NOI through rent normalization and light, targeted upgrades.

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Home facts

  • Year built:1950
  • Listing ID #:202562059
  • Added:1 day(s) ago
  • Updated:October 21, 2025 at 03:24 PM

Rooms and interior

  • Bedrooms:48
  • Total bathrooms:22
  • Full bathrooms:22
  • Living area:19,211 sq. ft.

Heating and cooling

  • Cooling:Multi Units

Structure and exterior

  • Roof:Composition
  • Year built:1950
  • Building area:19,211 sq. ft.
  • Lot area:0.41 Acres

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$62.46
  • Tax amount:$17,686
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