$1,585,000
501 Package Property Avenue, Lubbock, TX, 79416
About this property
Incredible investment package with great duplexes located on the same block. Very good location near hospitals and universities for easy access. This package of eight duplexes with 3 bedrooms 3 full bathrooms and 2 car garage on each side are adjacent to each other for easy management and maintenance. Very low vacancy rate and good steady rental income. If you are looking for a great 1031 exchange property this is definitely an option. Leases bring in $15,145/month gross.
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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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