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2602-2608 135th Street 2602 135th St 4 Unit Apartment Building $849,500 ($212,375/Unit) Lubbock, TX 79423



Investment Highlights
- Premium finishes with low-maintenance vinyl & metal siding
- Premium finishes with low-maintenance vinyl & metal siding
- 2 units on annual rentals and 2 nightly rental units
Executive Summary
Discover an exclusive opportunity to own a Class A, four-unit townhome building in the flourishing Viridian neighborhood of South Lubbock. This property combines modern design, low-maintenance construction, and strong rental performance—making it an ideal addition to any multifamily portfolio. Perfectly positioned in one of Lubbock’s fastest-growing areas, this investment benefits from its proximity to Lubbock-Cooper East Elementary, United Supermarkets, Loop 88 and a variety of retail, dining, and service amenities. The Lubbock-Cooper Independent School District continues to experience significant expansion, driving steady housing demand and long-term tenant stability. Each townhome offers high-end interior finishes, maintenance-free vinyl and metal siding, turf yards, and drought-resistant landscaping, delivering luxury with minimal upkeep. The Homeowners Association maintains subdivision entrances and common areas, preserving the property’s curb appeal and long-term value. Enjoy quick access to the future Loop 88, ensuring excellent connectivity to major employment and retail corridors throughout Lubbock. Two annual rental units are leased and professionally managed by Location Rentals and two units are fully furnished & used as nightly rentals for additional income. This property provides a true turnkey investment opportunity in one of South Lubbock’s most desirable submarkets.
Property Facts
| Price | $849,500 | Building Class | B |
| Price Per Unit | $212,375 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 6,213 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Garden |
| Price | $849,500 |
| Price Per Unit | $212,375 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 6,213 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 2022 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $654,694 | |
| Land Assessment | $112,878 | Total Assessment | $767,572 |
Property Taxes
Parcel Numbers
Land Assessment
$112,878
Improvements Assessment
$654,694
Total Assessment
$767,572
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2602-2608 135th Street | 2602 135th St
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