2815 43rd Street, Lubbock, TX 79413

Lubbock
Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
2815 43rd Street,Lubbock, TX 79413
$495,000
  • 14 Beds
  • 7 Baths
  • 7,654 sq. ft.
  • Multi-family
  • Active
Listed by: matt moreland, doug duncan
Office: real broker, llc.
MLS#:202615203
Source:TX_LAR

Price summary

  • Price:$495,000
  • Price per sq. ft.:$64.67

About this home

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.

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Home facts

  • Year built:1958
  • Listing ID #:202615203
  • Added:1 day(s) ago
  • Updated:November 12, 2026 at 05:45 PM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:7
  • Full bathrooms:7
  • Flooring:Luxury Vinyl
  • Kitchen Description:Electric Cooktop, Microwave, Refrigerator
  • Living area:7,654 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Natural gas
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1958
  • Building area:7,654 sq. ft.
  • Lot area:0.53 Acres
  • Lot Features:Cul-de-Sac
  • Architectural Style:Ranch
  • Construction Materials:Board & Batten Siding, Brick Veneer
  • Exterior Features:Covered
  • Foundation Description:Slab

Schools

  • High school:Monterey
  • Middle school:Atkins
  • Elementary school:Wheelock

Utilities

  • Water:PUBLIC
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$495,000
  • Price per sq. ft.:$64.67
  • Tax amount:$10,294

Features and amenities

  • Appliances:Electric Cooktop, Electric Oven, Microwave, Refrigerator

Parking

  • Parking description:Off Street, On Street, Paved
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