
$416,873
NAL Estimated Property Value2116 15th St, Lubbock, TX, 79401
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About this property
The subject property is a portfolio of 12 units in a prime student area with walkability to Texas Tech. The property is being sold by the lender as previous owner mismanaged. Price per unit is below market discount price of $32,916. Projected rental income per unit is $450-495 per month. Value add opportunity. High demand area with university and city wide growth projected for next 5-10 years.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lubbock
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