Login

2815 43rd Street, Lubbock, TX 79413

Lubbock
Local realty services provided by:CENTURY 21 Kearney & Associates
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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1958
  • Listing ID #:202615203
  • Added:1 day(s) ago
  • Updated:November 12, 2026 at 04:01 AM

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
The information being provided by Port Neches, Port Arthur & Nederland Board of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Port Neches, Port Arthur & Nederland Board of Realtors. Southern Homes is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Southern Homes, a broker participant of Port Neches, Port Arthur & Nederland Board of Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Port Neches, Port Arthur & Nederland Board of Realtors and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Port Neches, Port Arthur & Nederland Board of Realtors. All rights reserved.

New listings near 2815 43rd Street