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Clark Apartments 2123 15th St 6 Unit Apartment Building $700,000 ($116,667/Unit) Lubbock, TX 79401
Investment Highlights
- Comprises eight total units, including six one-bedroom apartments and two highly adaptable ground-floor units.
- Located within walking distance of Texas Tech University, creating strong year-round rental demand.
- Fully operational with income-producing potential from both traditional and short-term rental models.
- Renovations include furnished lower-level units currently leveraged for short-term rental operations.
- Close to restaurants, shopping, and urban amenities for convenient tenant lifestyle options.
Executive Summary
Discover a truly unique investment opportunity with - a versatile complex offering an exceptional living experience ideal for students, families, and short-term guests alike.
The top floor features six one-bedroom units, each designed for comfortable, efficient living. The ground floor includes two fully renovated units, currently operating as successful short-term rentals.
One ground-floor unit boasts a spacious common area and four private bedrooms, each with its own full bathroom — perfect for group rentals or corporate housing.
The second unit offers a 2-bedroom, 2-bath layout complete with a living area and kitchenette.
Both bottom units can convey furnished, providing turnkey income potential from day one.
Located just steps from Texas Tech University, restaurants, and shopping.
The top floor features six one-bedroom units, each designed for comfortable, efficient living. The ground floor includes two fully renovated units, currently operating as successful short-term rentals.
One ground-floor unit boasts a spacious common area and four private bedrooms, each with its own full bathroom — perfect for group rentals or corporate housing.
The second unit offers a 2-bedroom, 2-bath layout complete with a living area and kitchenette.
Both bottom units can convey furnished, providing turnkey income potential from day one.
Located just steps from Texas Tech University, restaurants, and shopping.
Property Facts
| Price | $700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $116,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| No. Units | 6 | Building Size | 7,200 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Price | $700,000 |
| Price Per Unit | $116,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,200 SF |
| No. Stories | 2 |
| Year Built | 1950 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Oven
- Pantry
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Laundry Facilities
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R40279 | Improvements Assessment | $436,247 |
| Land Assessment | $22,313 | Total Assessment | $458,560 |
Property Taxes
Parcel Number
R40279
Land Assessment
$22,313
Improvements Assessment
$436,247
Total Assessment
$458,560
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Clark Apartments | 2123 15th St